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Porch Group makes unusual promise in latest acquisition — guaranteeing its stock will double

GeekWire

Big deals have become almost run-of-the-mill for Seattle-based home services tech company Porch Group , which has been acquiring an array of companies in areas such as home inspections, moving, real estate, and insurance. ” The net impact, he said, is “less dilution and more value for our shareholders.”.

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Porch makes stock market debut, raising $322M to fuel its ambitions in home services technology

GeekWire

Eight years later, he just took the company public from the same house. “We’ve now earned the opportunity to build what we set out to,” the Porch CEO said via video from Seattle on Thursday morning, thanking the company’s employees, investors and partners before the ceremonial ringing of the Nasdaq opening bell.

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Law firm is strictly watching the Houser LLP data breach

Dataconomy

All details regarding the Houser LLP data breach In a disclosure made to the office of Maine’s attorney general on Wednesday, it was revealed that during the incident related to the Houser LLP data breach, certain documents were not only encrypted but also illicitly extracted from the company’s network.

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Seattle startup founders, investors react to new state capital gains tax that targets stocks

GeekWire

The law imposes a 7% tax on capital gains of more than $250,000 from the sale of stocks and bonds, excluding revenue from real estate and retirement accounts, among other exceptions. ” Ted Hawksford is CEO of Seattle startup LiquidPlanner, which was acquired this month by Boston software company Tempo. .

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Tech Moves: Top Blue Origin engineer joins SpaceX; Axon hires HTC Vive exec; Porch adds to board

GeekWire

Law enforcement technology company Axon added former HTC Vive exec Chris Chin as vice president of immersive tech. The company says its mission is to help de-escalate police use of force by providing transparency, technologies and tools that can replace deadly weapons. Chris Chin. Axon Photo). — Headquartered in Scottsdale, Ariz.,

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Newly public, Porch makes 4 acquisitions for more than $122M, discloses larger-than-expected loss

GeekWire

Three weeks after its stock market debut, Seattle-based home services technology company Porch Group announced four acquisitions , including an agreement to buy Irving, Texas-based insurance company Homeowners of America for $100 million in cash and stock, expanding its footprint in the insurance tech market. See full slide deck.

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Porch completes $100M Homeowners of America acquisition, doubling down on insurance market

GeekWire

Porch Group, the Seattle-based home services software company, completed its $100 million acquisition of Homeowners of America Inc. Based in Irving, Texas, Homeowners of America operates in six states but is licensed to operate in 31 states. Porch cut its net loss in half in 2020, to $51.6 (Porch Group Photo). million in 2019.