Background
Wellemeyer was born in Louisville, Kentucky.
entrepreneur software developer
Wellemeyer was born in Louisville, Kentucky.
He is best known for creating the cloud based communications technologies for delivering Intellectual Property Private Branch Exchange services, developing the first high-speed wireless Internet technology and developing the first computer systems to process financial Automated Clearing House transactions on the Internet. Currently he is the President and Chairman of the Intellectual Property Communications Corporation based in Louisville, Kentucky which he co-founded in 2000. He has one brother, former Major League Baseball Pitcher Todd Wellemeyer.
Wellemeyer incorporated his first company at age 15.
At age 17 as a senior in high school Wellemeyer developed the first solid state voice mail system for the home. Releasing it to the public at the 1991 International Consumer Electronics Show in Las Vegas.
The system was sold through NuTone intercom dealers nationwide as an enhancer to the dimishing home intercom business. lieutenant is unclear what became of this business.
In 1992 Wellemeyer created a chip counting technology using a laser in the bottom of a multi-demonination casino chip tray.
This technology using a set of low powered optical lasers worked similar to a barcode reader allowing the casino to track winning in real-time by knowing the value of the chips at an individual table. Although there were some product trials the technology never gained wide market acceptance. Later in 2004 Wellemeyer partnered with Casino Moguel Richard Schilling, Junior to start (Schilling/Wellemeyer Gaming) Southwest Gaming, Limited Liability Company. dba.
Harlows Casino and Resort, a $70 Million casino and resort property located in Greenville, Mississippi.
On September 13, 2010 Southwest Gaming dba Harlows Casino and Resort was sold to Churchill Downs for $131 Million. In 1994, Wellemeyer developed the first Internet electronic lockbox where consumers could pay their bills electronically over the Internet using an ACH transfer from their checking accountant
This system provided the first Internet payment capabilities for customers of Mobil Oil, First United States of America VISA, and Sunoco. VirtualPAY sold the technology to National Processing Company (New York Stock Exchange:NAP) in 1994.
In 1995 Wellemeyer created the first multi-point high-speed Internet access technology deployed in the United States.
According to Roberta Wiggins, director of wireless mobile communications at the Yankee Group, "no one in the industry had combined the high bandwidth available through with wireless technology". was credited as the catalyst that created the multipoint wireless delivery technology used in most modern wireless broadband networks and was the first to market with wireless bandwidths that exceeded 256kbit/s, delivering reliable 1Mbit/s and above transport in a reliable cost effective model. In 1998 was sold to Paul Allen backed Darwin Networks for an undisclosed amount. In 2000 Wellemeyer co-founded Teledvance Communications, with Shelly Godfrey and Paul Borgman.
Teledvance was the first network delivered, hosted Intellectual Property Private Branch Exchange service for business in the United States.
Teledvance raised a small amount of angel capital and subsequently secured a $7 million investment from MK Capital in 2005 prior to changing the company name to Intellectual Property Communications Corporation. grew rapidly and today, according to Frost and Sullivan is the largest cloud based communications provider in the United States. provides services to enterprise companies in over 4000 cities domestically and 14 countries worldwide. On April 20, 2011 was sold to the $2.5 Billion, Omaha, Nebraska based West Corporation for $120 Million.