Teakwood Capital Portfolio Company, HomeSphere, Named Among CIOReview’s “Most Promising Construction Tech Solution Providers of 2016”
Dallas, Texas (PRWEB) December 09, 2016 -- Teakwood Capital, a Dallas, Texas private equity firm, today announced its portfolio company, HomeSphere, the homebuilding industry’s first and only B2B digital lead generation and customer retention platform, has been selected by CIOReview as one of the “20 Most Promising Construction Tech Solutions of 2016.”
“Each year we recognize companies that are making a significant impact on their industry through technology,” said Jeevan George, Managing Editor of CIOReview. “HomeSphere seeks to solve the construction industry’s most difficult technological challenges with its user-friendly, intuitive and streamlined solutions that empower market collaboration.”
HomeSphere provides residential homebuilders with access to exclusive rebate opportunities and offers building product manufacturers a fail-safe strategy to develop targeted homebuilder leads. Nearly 1,900 local and regional homebuilders and 55 national building product manufacturers representing 80 brands engage on the company’s digital platform.
“Our team is grateful for the honor,” said HomeSphere President and CEO Glenn Renner. “CIOReview recognized the bright outlook for our company and the chance to create significant value for our customers – builders, manufacturers and distributors – through the implementation of technology.”
In November, HomeSphere received a major growth capital investment from Teakwood Capital to expand its sales and marketing teams. The company will also seek to develop and bring to market new digital tools to connect the residential construction industry.
“This recognition is further validation of the superior job the HomeSphere team has done developing its service platform and delivering strong returns for customers, as well as the company’s significant potential for future growth,” said Shawn Kelly, Managing Director at Teakwood Capital.
About Teakwood Capital
Teakwood Capital is a Dallas, Texas private equity firm. It invests in profitable technology-focused companies typically located in Texas and neighboring states with revenues below $25 million that are interested in accelerating growth with expansion capital and top-tier talent. The firm has deep, hands-on operating experience which is complemented by an Executive Partner team of successful ex-CXOs working closely with portfolio company management teams to create value through organic revenue growth, operational improvements, and sustainable intellectual property. For more information, visit teakwoodcapital.com.
About HomeSphere
HomeSphere is the homebuilding industry’s first and only B2B digital lead generation and customer retention platform connecting a digital community of local home builders and national building product manufacturers, including 55 building product manufacturers representing 80 brands, and nearly 1,900 local and regional home builders. Leveraging exclusive, actionable market intelligence and access to sought-after relationships, HomeSphere’s solutions deliver ultra-targeted business opportunities with more profit potential. For more information, visit homesphere.com.
About CIOReview
Published from Fremont, California, CIOReview is a print magazine that explores and understands the plethora of ways adopted by firms to execute the smooth functioning of their businesses. A distinguished panel comprising CEOs, CIOs and IT VPs including the CIOReview editorial board finalized the "20 Most Promising Construction Tech Solution Providers 2016" and shortlisted the best vendors and consultants. For more information, visit cioreview.com.
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Allison Burum, Teakwood Capital, http://www.teakwoodcapital.com, +1 (214)392-5545, [email protected]
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