January 26, 2010
The hardest thing about writing this first substantive post was deciding what to discuss. There are so many issues happening on macro, micro, collective and individual basis that it is almost impossible to pick a first topic to address. We are fortunate to have an amazing cadre of clients who are doing some incredible things both because of and in spite of the economic downturn that has affected all of us in some way.
January 6, 2010
Congratulations to our client StepChange Group and its founders, Greg Rau and Kevin Tate, for recently being acquired by Powered, Inc. Powered is an Austin-based enterprise backed by Austin Ventures who will leverage StepChange’s deep expertise in social media marketing and application development.
It was a great transaction for StepChange as it provides the company with a much broader platform to offer their services. On a personal level, I know that for Kevin and Greg this was a great transaction as they were able to grow a services business to the point of a very successful exit – not something easily achievable at any time, particularly during the worst downturn in the past 80 years. We advised Greg and Kevin through the transaction and got so see first-hand their collective business acumen that has fueled their success.
In a relatively quiet 2009 in terms of M&A activity, I’m glad to see some local Portland players stepping up. Great work guys.