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StrongTech sold in management buyout
July 23rd, 2008 by Washington VC
We are pleased to announce that yet another incubated WashingtonVC baby has grown up and left the nest. StrongTech, an RFID and asset management software company, whose growth and strategy was nurtured by WashingtonVC, has been sold to its founders and well established outside investors.
WashingtonVC saw a gem in the early stages of StrongTech that needed some extra polish, and we did just that … including a name and slogan change, overall rebranding, market positioning redevelopment, Internet development and search optimization, sales and marketing strategy, industry relationship development; and finally, the most recent stage, where we helped raise outside capital and recruit a strong advisory board.
Aside from RFID deployment at large institutions, StrongTech is making great strides with its SaaS asset management software (EZ asset). EZ asset integrates nicely with Google Apps, and with great fortune has established itself as a premier Google partner.
WashingtonVC will maintain an advisory role along with a minority interest in the future of StrongTech.
Congratulations to StrongTech founder and CEO Mike Patterson along with Paul Marsolan, and the rest of their team.