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.
The North Carolina greenhouse is just the latest chapter in BrightFarms’ vision to be the national leader in local produce.
Catalyst portfolio company Pax8, the best place for IT professionals to buy cloud products, announced investment plans into its Canadian Microsoft business, which grew a notable 73% since June of 2020. The company plans to expand in the market and add significant resources to its partners in the region, driving more Microsoft cloud sales enablement and support.
Catalyst portfolio company EDB, a leading contributor to PostgreSQL, marked 2020 with record growth. The company expanded its technology portfolio with the acquisition of UK-based 2ndQuadrant, establishing it as the largest dedicated provider of PostgreSQL products and solutions worldwide.
BrightFarms has secured more than $100 million in debt and new equity capital to support robust expansion plans. The Series E round of funding was led by Cox Enterprises, which now owns a majority stake in the company, and includes a follow-on investment from growth equity firm Catalyst Investors. BrightFarms will use the funds to invest in its current farms and retail programs and expand its network of regional indoor farms across the U.S.