We announced a partnership today with RedHouse Associates, one of Houston’s newest, startup accelerator teams, and I wanted to share the good news. This partnership is extremely beneficial to Onit for many reasons as it will help us accelerate our product development, add functionality to our existing products and prepare us for growth.
Since the early 1990’s, the partners of RedHouse Associates have been involved as founders, senior executives, angel investors, directors, and advisors with a number of fast growth technology companies. Its team draws on a collective wealth of experience that has assisted Texas-based companies in raising more than $1 billion in growth capital funding, created hundreds of jobs, and participated in many successful exits.
Today, RedHouse Associates provides strategic advice and services to assist clients in developing business plans, devising product strategies, growing sales organizations, preparing senior management teams for interaction with investors, and advising its clients on raising capital and strategic exits.
Some of RedHouse Associates’ impressive portfolio includes PentaSafe (acquired by NetIQ in 2002), RLX Technologies (acquired by HP in 2005), The Planet (acquired by SoftLayer in 2010 and Phurnace (acquired by BMC in 2009). Some current ventures include LiquidFrameworks, Paymetric, GolfNet and Illumitex.
Mike Clark of RedHouse Associates shares our enthusiasm for Onit:
“After our first meeting with Onit, it was clear that they are able to deliver the next generation of Enterprise Process Management. The founders of Onit are proven entrepreneurs and we are excited about the size of the market, the potential sales pipeline, and referenceable customer base.”