There are two minority-owned technology companies larger than Yorktel in New Jersey.
But the background of Yorktel’s founder includes fleeing to Taiwan because of the Chinese government’s persecution, immigrating to the United States to study quantum mechanics and becoming a key player in developing the first-ever videoconferencing technologies at Bell Laboratories.
So, at least when it comes to Yorktel’s origins, it is hard to beat.
And a feature of Yorktel founder York Wang’s rich history is the massive growth he oversaw his once-humble Eatontown video services company, which now boasts more than $150 million in revenue.
Yorktel’s annual revenue has increased 17 percent year-over-year. Meanwhile, its services have expanded to nearly all aspects of corporate and governmental video and audio communications; it has also extended its services to 84 countries.
The company was created in 1985, three and a half decades after Wang’s family fled his native China. That occurred when Wang was only 2, following the 1949 end of the Chinese Civil War and the victory of Mao Zedong’s communist forces.
“We were part of that (early People’s Republic of China) era,” Wang said. “My family was running away from communist forces through many, many cities in China.”
Alongside scores of the former government’s officials, his family retreated to Taiwan.
He grew up and attended college there, but his family was eyeing a move to the U.S. before they got too settled in.
“My family was already used to the concept of just picking up and leaving,” Wang said. “Another reason was that there was very little opportunity in Taiwan in those days.
“Most of the people had this notion that after college there was more opportunity (abroad), so many during my era came to the U.S. to continue (their education).”