AUSTIN, Texas, July 31, 2018 /PRNewswire-PRWeb/ -- BuildGroup, a company that selectively invests in leadership teams with staying power, today announced that former Alert Logic CEO Gray Hall has joined its BuildGroup Executive Program . Hall will kick off the program in Texas, working directly with current and potential BuildGroup portfolio companies.
BuildGroup's unique approach provides permanent capital and side-by-side support to help founding teams achieve greatness. BuildGroup employs a set of proprietary growth frameworks and operational models to increase market traction and avoid common pitfalls and barriers to growth.
"As we execute our strategy of providing long-term capital for entrepreneurs determined to build great companies, we have established the BuildGroup Executive Program to provide experienced executive leadership to our portfolio companies," said Lanham Napier, co-founder and chief executive officer, BuildGroup. "Gray is a proven leader. Having successfully built two Texas-based technology companies over the past 20 years, he's demonstrated his commitment to building for long-term success."
Today's news comes after BuildGroup announced in June that it had raised $330 million in capital to invest approximately 10 emerging software companies over the next five years. Hall will be instrumental in supporting BuildGroup's investment opportunities in Texas by working side-by-side with executive teams and deploying proven strategic models and operational playbooks to amplify the impact of BuildGroup's invested capital.
"I appreciate BuildGroup's hands-on approach and emphasis on helping companies scale to become mainstay market leaders," says Hall. "When BuildGroup invests in a company, it invests for the long haul, and demonstrates that commitment by continuously developing resources to help companies grow. I fully agree with Buildgroup's larger strategy of rethinking how investing can get done, and I'm excited to work with the companies' leadership teams on that mission."
Prior to BuildGroup, Hall was Chairman and CEO of Alert Logic from July 2009 through March 2018, leading the company from $9 million to $125 million in annual revenue, expanding into the UK, and building Alert Logic into a market-leading provider of cloud security solutions. Previously, Hall was co-founder and CEO of VeriCenter, a startup founded in 1999 that Hall built into a leading managed hosting provider with a national data center footprint until its successful sale to SunGard Data Systems in 2007.
BuildGroup was founded by Rackspace alumni Lanham Napier, Jim Curry and Klee Kleber, and Pete Freeland from General Catalyst. BuildGroup was designed as a holding company instead of a venture capital fund to free entrepreneurs from the expectations of quick exits, allowing their companies to pursue long-term greatness. The company invests as a permanent source of capital and has developed unique intellectual property to support emerging growth companies.
About BuildGroup:
BuildGroup is a company that selectively invests in leadership teams with staying power. We back founders who are ambitious enough to want to make a dent in the universe and humble enough to realize they can't do it alone.
By providing permanent capital from aligned investors and avoiding forced exits, BuildGroup frees entrepreneurs to focus on serving customers instead of raising the next round. We believe that great businesses are built, not bought, and that's why our team works side-by-side with founders to create conditions for long-term growth.
BuildGroup was founded in Austin, Texas by a team of proven builders who love nothing more than helping build and grow extraordinary companies.
Always under construction at http://www.BuildGroup.com/.
SOURCE Build Group
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