Sum2
takes its name from the Society for Establishing Useful Manufactures (S.U.M.),
S.U.M. was founded by Alexander Hamilton in 1793. The purpose of
S.U.M was to promote useful manufacturing by using the waterpower generated by
the Great Falls. S.U.M was the first planned industrial city in North America
and should rightly be considered the cradle of industrial capitalism in North
America. The area of S.U.M.’s founding was later incorporated as the City of
Paterson New Jersey, which would grow to become a major industrial center from
the 1800’s through World War 2. Paterson was a key munitions, textile and
locomotive manufactory center during the Civil War and thus played a pivotal
role in helping preserve Alexander Hamilton’s conception of a Federalist Union
of States.
Though the landscape of industrial capitalism has
changed during the Information Age, Sum2 was founded to continue the useful and
visionary work of the original S.U.M. Sum2 recognizes the strategic importance
of manufacturing and will seek to build our business by creating proprietary
content, ASP delivery capabilities and mission critical software to implement
corporate sound practices for our clients as they seek to create value in the
digital economy.
Sum2 looks forward to being
useful and vitally important to our clients and to the industries that we serve.
James McCallum, CEO of Sum2 is interviewed on the role of governance, risk management and compliance for small and mid-size manufacturers. Podcast is 15 minutes. Click icon to listen.