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News : Kennet Partners and Joe Wang Acquire TreeHouse Interactive
Salt Lake City, Utah March 11, 2015 -- TreeHouse Interactive™, a technology provider in SaaS-based partner relationship management (PRM), announce that Kennet Partners and co-investor Joe Wang have acquired majority ownership of the software company. Wang, who has already made his mark in the Utah high-tech community as president and CEO of local software company LANDesk Software, will lead as the new chairman and CEO. The company’s sole shareholders Craig Flynn and Erich Flynn will remain with the company and collaborate with Wang in leadership positions in development and sales. Craig Flynn will continue to drive product engineering and innovation in his role as executive vice president of engineering. Erich Flynn will expand and lead the company’s sales efforts as chief revenue officer.
"Utah has developed into a hotbed of SaaS technology, and I’m excited to be back in this dynamic market," said Joe Wang, chairman and CEO of TreeHouse Interactive. "My investment in TreeHouse demonstrates my strong belief that Reseller View PRM is by far the best PRM technology available today, backed by a powerful team of people. I look forward to strengthening our technology leadership position in the PRM market and expanding the company worldwide."
"Our Founder, Craig, and I vetted several investment firms over many months for possible investment," said Erich Flynn, chief revenue officer of TreeHouse Interactive. "Kennet Partners and Joe Wang have a proven track record growing successful businesses. We are looking forward to using this investment and adding resources to accelerate sales, product roadmap, and growth objectives while continuing to deliver the innovative technology and support our existing clients have come to expect."
Today's Tip of the Day - Implementation Is Not Magic!
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Published: Thursday, March 12, 2015