Jul 27, 2021
Seattle-based ExtraHop, a provider of cloud-native network detection and response, announced the completion of its acquisition by Bain Capital Private Equity and Crosspoint Capital Partners. The transaction, first announced on June 8, valued ExtraHop at $900 million. Qatalyst Partners served as the exclusive financial advisor to ExtraHop, and Wilson Sonsini served as legal counsel. Morgan Stanley served as the financial advisor to Bain Capital Private Equity and Crosspoint Capital Partners, and Ropes & Gray served as legal counsel. Bain Capital has 22 offices on four continents. The firm has made primary or add-on investments in more than 1,000 companies since its inception, including supporting the growth of cybersecurity and technology businesses. Crosspoint Capital Partners is a private equity investment firm focused on the cybersecurity, privacy and infrastructure software markets and has offices in Menlo Park, CA and Boston, MA.
DigitSec has added Phil Lepanto as vice president of customer success. The company also closed a seed round of financing led by New York-based K20 Fund and individual angel investors to enable security solutions for SaaS (software as a service), including Salesforce. Lepanto serves on the executive committee of K Street Capital and leads Keiretsu's CleanTech Committee as vice chairman. Starting in 2005, Lepanto served as chief technology officer of Connections Media, where he led the technology team for web application development, cybersecurity and IT operations for political and public affairs clients. Before that, he served as vice president of technology operations for Mindshare Interactive Campaigns. DigitSec's patented SaaS Security Scanner, S4, is a comprehensive application security testing platform purpose-built for Salesforce.
AuthenticID announced it has closed a $100 million minority investment from Long Ridge Equity Partners, a technology-focused growth equity firm. The investment will support AuthenticID's continued expansion within telecommunications, financial services, government, and other consumer segments looking to establish trust and mitigate fraud, as well as enable AuthenticID to support the next generation of digital identity platforms. AuthenticID provides document-centric identity verification delivered via a 100 percent automated identity proofing platform. Union Square Advisors served as exclusive financial advisor and DLA Piper served as legal counsel to AuthenticID. Choate, Hall, & Stewart served as legal counsel to Long Ridge Equity Partners. Founded in 2001, AuthenticID is headquartered in Seattle. Founded in 2007, Long Ridge Equity Partners is a private investment firm focused on the financial and business technology sectors.
In Seattle, Walsh Construction Co. promoted Joe Grim to senior project manager, and hired Sam Slothower, Ian Kurle and Keenan Souve as project engineers. Grim joined the company in early 2007 as an assistant superintendent and transitioned to project engineer soon afterward. He was promoted to superintendent in 2010 and project manager in 2018. Grim is managing the Bellwether Housing and Mercy Housing NW Cedar Crossing project, the El Centro Childcare TI project, and the Pacific Housing NW Colina East & West project. Slothower interned with Walsh at the Community Roots Housing Station House project in summer 2019 and Chief Seattle Club Together project in summer 2020. He recently graduated from Washington State University with a degree in construction engineering, and is supporting the estimating department. Kurle interned with Walsh over the past two summers at the Wesley Homes and DES Capitol Campus Child Care Center projects. He recently graduated from Boise State University with a degree in construction management and will be working with the Elisio project team. Souve interned on the DESC Hobson Place project last summer 2020, and is a recent WSU civil engineering graduate. He is working on-site at Hobson Place.
Skanska hired Dana Kimble as senior director of business development in Seattle. Kimble is an Associate Design-Build Professional with over six years in regional and local business development roles at Coffman Engineers. She has 20 years of experience working in marketing and business development roles across health care, higher education, commercial office, life sciences, museums and athletic venues. She also has served on the board of the Design-Build Institute of America's Northwest Region for the past three years, and chairs the regional membership committee for the organization.
Matt Thibeau was promoted to group leader of Hermanson Co.'s Tech Major Projects team. With over 25 years of industry experience, Thibeau oversees a group providing mechanical design and construction services to technology companies across the Puget Sound region. He joined Hermanson in 2013 and has worked with tech clients including Amazon, Facebook, Google and Microsoft. He previously spent over 12 years working with Vulcan in South Lake Union.
Jul 23, 2021
Raisbeck Engineering has appointed Tim Morgan as vice president of engineering. In his new role, Morgan will be responsible for leading the company's engineering activities, overseeing product development and certification of current and future programs, and further developing the company's strategic goals of accelerating business growth. Previously, Morgan served for over 20 years at TTF Aerospace, a design-build, certification company for commercial aircraft cabin systems and interior components, in several leadership capacities including president and founder. He also served as engineering manager at AIM Aerospace. Morgan has also spent time involved in government affairs and industry organizations promoting aerospace interests and initiatives. Headquartered in Seattle, Raisbeck Engineering, an Acorn Growth Aerospace and Defense company, is a provider of aircraft modifications for business, commercial and military aircraft.
Summit Bank, the fourth-largest bank headquartered in Oregon, announced the formation of a Eugene/Springfield Advisory Board, comprised of six business leaders in the community. The advisory board will provide guidance and direction to Summit Bank's Eugene/Springfield leadership team. The new advisory board members are Kyle Hudson (CEO at IMA Financial/KPD), Paula Lafferty (CEO at SnoTemp), Rusty Rexius (founder & co-president at Rexius), Casey Roscoe (SVP at Seneca Sawmill), Kelly Sutherland (executive director at Relief Nursery Eugene) and Scott Williams (board chairman at Hamilton Construction). Summit Bank has offices in Eugene/Springfield, Central Oregon and the Portland Metropolitan area.
Sendle, a shipping carrier specifically designed for small eCommerce businesses, announced a new partnership with GLS, expanding its shipping service for thousands of small businesses. Part of the International GLS Group network that delivers two million shipments across the world each day, GLS-US is now teaming up with Sendle to give small businesses access to faster time in transit, competitive rates and reliable shipping. Sendle's partnership with GLS is a step forward in expanding its U.S. network to bring more choice to the market. Sendle also offers integrations with leading eCommerce platforms including eBay, Shopify, Etsy, Squarespace and WooCommerce. The company was co-founded in Australia in 2015 by James Chin Moody and is headquartered in Sydney and Seattle. GLS is a Europe-based multinational transportation company that offers scalable small parcel, LTL and truckload brokerage/dedicated solutions to businesses across all industries within its U.S. market.
The city of Pasco is experiencing a period of growth as industry, major companies, and new residents come to the city, according to city officials. Darigold, Reser's, and Local Bounti recently announced that they are planning to build new agricultural facilities in Pasco. The city of Pasco has a population of close to 80,000, and another 50,000 people are expected to move there by 2038. Median housing prices right now are around $337,000. The city recently completed its land use comprehensive plan and expanded its Urban Growth Area, both of which coincide with the development of the Broadmoor area of Pasco. The city is working with private investors on projects for the more than 1,000 acres west of Broadmoor Boulevard. The mixed-use development plan currently includes more than 6,000 homes, 160 acres of commercial zoning, retail areas, and space for parks. The city will be kicking off a significant effort to develop a Downtown Master Plan. The city will engage with business owners, citizens, and investors to provide a roadmap for revitalization. The plan comes on the heels of several projects already underway, including a $6 million makeover of Pasco's Farmer's Market and the construction of the $22.3 million Lewis Street Overpass.