SALT LAKE CITY, Utah, March 12, 2015 TreeHouse Interactive, the technology leader in SaaS-based partner relationship management (PRM), announced today 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 powerhouse LANDesk Software, will lead the fast-growing PRM market leader 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 tech companies have become a hotbed for venture capital investments over the last few years with several companies including InsideSales.com, Domo, AtTask, Jive and more accepting investment deals to expand. In fact, Utah ranks 7th nationally in venture capital funding for 2014. According to the PwC/NVCA MoneyTree Report, Utah companies raised over $800 million in venture capital funding in 2014. That beats $316.2 million raised in 2013.channel programdemand generationlead generationMarketing Automationpartner portal
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