U.S. greenhouse company and Catalyst portfolio company BrightFarms says there is huge untapped potential in the locally grown produce market and believes the rapidly growing category is roughly where the organic sector was around 15 years ago.
Catalyst-backed Reputation Institute, the world’s leading provider of reputation measurement, management, and intelligence services, named David Stack as Chief Financial Officer. Based at the corporate headquarters in Cambridge, Mass., Stack will assume global executive responsibility for accelerated growth by scaling Reputation Institute’s financial planning, investments and reporting across all of its international markets. Before joining Reputation Institute, he served as the CFO of HubSpot, Qstream, Localytics and Vice President of Finance for EMC and RSA Security.
Catalyst portfolio company MediaMath launched new creative management offerings and supply partnerships to fully integrate native advertising into its omnichannel DSP, empowering clients to leverage a single platform to manage a larger share of their media spend using a creative format that has proven to be more engaging to consumers. The launch comes on the heels of MediaMath’s recent round of funding of $225 million and demonstrates its commitment to improving the consumer experience while create business outcomes.
Catalyst-backed Envoy, the technology leader in global immigration and workforce mobility, released Envoy Compliance. The new product enables organizations to compliantly manage their global workforce through internal employment audits, company level immigration document management as well as forecasting and budgeting tools.
Catalyst-backed Reputation Institute, the world’s leading provider of reputation monitoring, measurement, and management services, was named one of Boston’s Best and Brightest Companies to Work For® by the National Association for Business Resources (NABR). The honor is given to organizations that display a commitment to excellence in their human resource practices and employee enrichment.
Catalyst portfolio company Fusion Risk Management, Inc., a leading provider of business continuity management software and services, named Jim Stewart as Senior Vice President and Chief Financial Officer (CFO). The hire is the next step in Fusion’s continued growth strategy, which has generated five additions to the executive team thus far in 2018.
For the seventh consecutive year, Catalyst-backed Datavail, a leading provider of managed services for applications, business intelligence and databases, has made the 2018 Inc. 5000 list of fastest growing private companies in America. A mere three and a half percent of companies have made the list seven times.
While Catalyst portfolio company BrightFarms limits the number of people in its facilities for food safety reasons, it recently embarked on a virtual reality-driven retail program that allows shoppers to explore operations in the next most personable manner. Now through the end of the year, BrightFarms will set up retail displays during weekends at which shoppers can take a virtual tour of operations and taste the product.
Catalyst portfolio company Xplornet is bringing the necessary telecom infrastructure to New Brunswick rural homes and businesses to provision 5G services. The first phase of the project will begin immediately and is expected to be completed by the end of 2019. This new Xplornet broadband service will support speeds of 100 Mbps. Xplornet will make the province one of the first areas in Canada to have access to 5G ready technology, once the company finishes deploying its hybrid fiber wireless network.
Catalyst-backed BrightFarms recently harvested the first crop from its new 120,000-square-foot indoor greenhouse facility in Wilmington, Ohio. The company invited regional and state officials to the first harvest at the greenhouse located 45 minutes southeast of Dayton to demonstrate the economic impact the new greenhouse will have in the state. While local is the number one demand driver of produce, supermarkets have trouble sourcing the quantity they need, so BrightFarms aims to supply local produce at a commercial scale. The greenhouse is state-of-the-art in both its sustainability and production.