Jul 29, 2021
Tye Kinnear was promoted to chief financial officer at Molbak's Garden + Home. Kinnear was director of finance and administration. Prior to joining Molbak's in 2017, Kinnear served as senior business manager for Odin, a business unit of Ingram Micro. He previously worked as a finance manager at Vulcan and as a financial planning analyst at Washington Mutual in Seattle. Kinnear earned a finance degree from Santa Clara University and an MBA from Seattle University. Founded in 1956 in Woodinville, Molbak's is one of the largest independent garden retailers in the Pacific Northwest.
Fortive appointed Olumide Soroye as president and chief executive officer of its Intelligent Operating Solutions (IOS) segment. Soroye comes from CoreLogic, a global provider of property information, analytics, software and data-enabled customer-centric workflow solutions, where he was managing director of property intelligence and risk management. Prior to joining CoreLogic, Soroye was a senior vice president with QuinStreet, as well as a partner at McKinsey & Co. As the leader of IOS, Soroye joins Fortive's other two segment leaders, Barbara Hulit, president and CEO of the Advanced Healthcare Solutions segment, and Pat Murphy, president and CEO of the Precision Technologies segment. Everett-based Fortive provides essential technologies for connected workflow solutions across a range of end markets.
Cort Tenting Solutions, an extension of Cort Party Rental, has expanded to include additional service areas in Washington, Oregon, Idaho and Northern California. Cort Tenting Solutions previously only serviced the Seattle metropolitan area. Cort offers a range of structure rentals and product solutions for outdoor environments. The company also offers turnkey services, including project management, site consultations, planning and permitting, in-house design and manufacturing, custom branding and graphics, and on-site logistical support for large-scale events and outdoor gatherings. Cort is a part of Berkshire Hathaway, and has more than 100 locations across the U.S.
Vancouver-based ZoomInfo, a global provider of go-to-market software, data and intelligence, has been named to the 2021 Fortune Best Workplaces for Millennials List. Fortune worked with its research partner Great Place to Work to find the 100 best employers for those born between 1981 and 1997. To determine millennials' workplace preferences, Great Place to Work analyzed feedback representing more than 5.3 million U.S. employees. ZoomInfo offers a number of incentives to make its workplace more comfortable. The company is returning to in-person work under a hybrid-remote structure to ease employees back into the office setting and enable collaboration while still emphasizing a work-life balance. It focuses on inclusion by offering a network of six employee resource groups that give workers confidence to be themselves at the office. Employees at all levels are frequently asked to provide input and feedback on work projects and company culture.
Jul 28, 2021
POSaBIT appointed Louis Camhi to its board of directors. Camhi has significant experience in capital markets, public companies, payment processing and investment banking, and is an investor in both private and public companies. Previously, Camhi worked as an analyst at Citadel where he managed an equity long short portfolio focused on payments and financial technology companies. Prior to Citadel, Camhi worked as a senior analyst at Three Corner Global, a fundamental long short equity hedge fund. He began his career as an investment banker in the mergers and acquisitions group at Credit Suisse Group. Camhi received his Bachelor of Science in Finance and Accounting from the Leonard N. Stern School of Business at New York University.
POSaBIT is a financial technology company that delivers blockchain-enabled payment processing and point-of-sale systems for cash-only businesses.
HomeStreet, Inc., the parent company of HomeStreet Bank, will reach its 100 year anniversary on August 18, 2021. The state of Washington has issued a Century Corporation certificate acknowledging the incorporation on the same date back in 1921. According to Secretary of State Kim Wyman, that of the nearly 2900 incorporations filed in 1921, only 33 still exist today. HomeStreet is a diversified financial services company headquartered in Seattle, serving consumers and businesses in the Western United States and Hawaii through its various operating subsidiaries. Its principal subsidiaries are HomeStreet Bank and HomeStreet Capital.
PotlatchDeltic announced changes to public access to its Idaho timberlands. Due to severe fire danger in the region, effective immediately and until further notice, all public use of PotlatchDeltic privately-owned timberlands for recreation is suspended. The extreme fire season and continued dry conditions in Idaho are stressing available firefighting resources and risking public safety, property, and impacting wildlife. PotlatchDeltic has closed public access to its ownership areas, including the use of PotlatchDeltic roads and walk-in access. Leased campsites must be vacated before August 1, 2021. The temporary closure is permitted under the access terms in the Idaho Department of Fish and Game's Large Tracts Program. Several other area landowners who participate in the Program have also recently suspended access due to the excessive fire danger. PotlatchDeltic is a Real Estate Investment Trust (REIT) that owns approximately 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi.
Jul 27, 2021
Seattle-based ExtraHop, a provider of cloud-native network detection and response, announced the completion of its acquisition by Bain Capital Private Equity and Crosspoint Capital Partners. The transaction, first announced on June 8, valued ExtraHop at $900 million. Qatalyst Partners served as the exclusive financial advisor to ExtraHop, and Wilson Sonsini served as legal counsel. Morgan Stanley served as the financial advisor to Bain Capital Private Equity and Crosspoint Capital Partners, and Ropes & Gray served as legal counsel. Bain Capital has 22 offices on four continents. The firm has made primary or add-on investments in more than 1,000 companies since its inception, including supporting the growth of cybersecurity and technology businesses. Crosspoint Capital Partners is a private equity investment firm focused on the cybersecurity, privacy and infrastructure software markets and has offices in Menlo Park, CA and Boston, MA.
DigitSec has added Phil Lepanto as vice president of customer success. The company also closed a seed round of financing led by New York-based K20 Fund and individual angel investors to enable security solutions for SaaS (software as a service), including Salesforce. Lepanto serves on the executive committee of K Street Capital and leads Keiretsu's CleanTech Committee as vice chairman. Starting in 2005, Lepanto served as chief technology officer of Connections Media, where he led the technology team for web application development, cybersecurity and IT operations for political and public affairs clients. Before that, he served as vice president of technology operations for Mindshare Interactive Campaigns. DigitSec's patented SaaS Security Scanner, S4, is a comprehensive application security testing platform purpose-built for Salesforce.
AuthenticID announced it has closed a $100 million minority investment from Long Ridge Equity Partners, a technology-focused growth equity firm. The investment will support AuthenticID's continued expansion within telecommunications, financial services, government, and other consumer segments looking to establish trust and mitigate fraud, as well as enable AuthenticID to support the next generation of digital identity platforms. AuthenticID provides document-centric identity verification delivered via a 100 percent automated identity proofing platform. Union Square Advisors served as exclusive financial advisor and DLA Piper served as legal counsel to AuthenticID. Choate, Hall, & Stewart served as legal counsel to Long Ridge Equity Partners. Founded in 2001, AuthenticID is headquartered in Seattle. Founded in 2007, Long Ridge Equity Partners is a private investment firm focused on the financial and business technology sectors.