Catalyst Investors portfolio company Pax8 continues to expand its cloud and channel marketplace for MSPs worldwide. The latest move involves Pax8 acquiring TVG, a Microsoft cloud services partner and software distributor in northeastern Europe. The TVG acquisition propels Pax8 into the Baltic States of Latvia, Lithuania, and Estonia.
Catalyst portfolio company PresenceLearning acquired Global Teletherapy, the leading teletherapy service provider to virtual K-12 schools, and signed a definitive agreement for Spectrum Equity, a leading growth equity firm, and The Rise Fund, TPG’s multi-sector global impact investing strategy, to acquire a majority stake in the company. Bain Capital Double Impact and Catalyst Investors will retain minority stakes and Bain will continue to have representation on the company’s Board of Directors.
Catalyst portfolio company ChowNow, the nation’s leading platform powering online ordering and marketing for independent restaurants, named Andre Mancl as Chief Financial Officer to lead the company’s finance team through ChowNow’s next phase of growth and expansion. Mancl joins ChowNow from Credit Suisse, where he served as the Global co-head of Internet Investment Banking.
Pax8 is no stranger to Denver Business Journal’s awards programs. From Best Places to Work to the C-Suite Awardsand right here in the Fast 50 where they took the first place spot in 2020, the company’s rapid growth, big acquisitions and global expansion are proving that major success can be found in the cloud. The Greenwood Village-based company is clocking in with 549% growth rate this year in the Extra-large category.
Catalyst portfolio company Weave, the all-in-one customer communication platform for small business, was named to the Utah Business Fast 50 list for the third consecutive year. Utah Business Fast 50 companies are selected based on a combination of revenue growth and total revenue.
Catalyst-backed Weave is expanding with a new office recently opening in Lehi, Utah.
Catalyst portfolio company BrightFarms, the leading grower of indoor leafy greens, announced the formation of BrightLabs, a world-class innovation and research hub launching at its Ohio growing facility. Matt Lingard, PhD, a former Bayer plant scientist with over 15 years of experience working at the intersection of biotechnology and greenhouse science, will lead the BrightLabs team as Vice President of Agriculture and Science.
Catalyst portfolio company Pax8, the best place for IT professionals to buy cloud products, announced the acquisition of Resello, a cloud services distributor specializing in making as-a-service easy to understand, sell, and manage. The acquisition enables Pax8 to expand to more than 40 countries across Europe and empowers its fast-growing partner base to accelerate digital transformation worldwide.
Catalyst-backed Pax8 named David Willis, a 28-year Microsoft executive, to the Pax8 Board of Directors. Willis most recently served as the Corporate Vice President for Microsoft’s US One Commercial Partner (OCP) group. Previously, he was Corporate Vice President for the US Small and Mid-Market Solutions and Partners group (US SMS&P).
MSP-focused, born-in-the-cloud distributor Pax8 has acquired Sea-Level Operations in a move the company said will enable it to help its channel partners with coaching and education to improve their operations. The acquisition, for an undisclosed sum, is Pax8’s biggest investment in MSP development to date, said Nick Heddy, chief revenue officer for the Denver-based distributor.