The company was established in 2008 as an iPhone app software house and has since expanded to develop enterprise mobile applications. It has experienced significant growth, with some early apps reaching #1 in worldwide charts and over 500,000 downloads. The document discusses changes in the app market over time, with hundreds of apps now being released daily, and challenges for new apps to stand out. It provides recommendations for companies to gather mobile usage data and consider developing a mobile-optimized website or app.