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

GeekWire

Porch on Thursday announced the acquisition of Floify , a provider of software used by mortgage companies and loan officers, for $76.5 ” The net impact, he said, is “less dilution and more value for our shareholders.”. Porch says Floify is profitable, with a customer base of more than 1,500 companies using its software.

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SAP prepares to add Joule generative AI copilot across its apps

CIO Business Intelligence

Access to the Joule interface will be included in existing SAP software license agreements, but the generative AI use cases that Joule calls on will be priced based on their business value, SAP chief marketing and solutions officer Julia White said.

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

GeekWire

Porch also disclosed its preliminary financial results for 2020, saying that it expects a net loss between $53 and $55 million for the year, about $20 million further into the red than previously projected in its public filings. Two smaller acquisitions for undisclosed sums: PalmTech home inspection software and iRoofing technology company.

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Seattle’s Porch marks new era as public company with first Super Bowl ad touting home services tech

GeekWire

The company also disclosed its preliminary financial results for 2020, saying that it expects a net loss between $53 and $55 million for the year, about $20 million further into the red than previously projected in its public filings. Just three weeks after that stock market debut, Porch announced four acquisitions for more than $122 million.

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IPO, acquisitions and now a Super Bowl ad, Seattle’s Porch caps a high-profile stretch

GeekWire

The company also disclosed its preliminary financial results for 2020, saying that it expects a net loss between $53 and $55 million for the year, about $20 million further into the red than previously projected in its public filings. Just three weeks after that stock market debut, Porch announced four acquisitions for more than $122 million.

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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.

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

GeekWire

It posted a net loss of $103 million last year on revenue of $77.6 The company told investors earlier this month that it expects to acquire at least four additional software-as-a-service providers in the next year. Porch has been building market share in software and home services through a series of acquisitions in recent years.