New York, NY, January 28, 2019 --(PR.com
)-- Seigga Capital announced today it’s acquisition of StealthForce, the gig-economy driven resourcing and consulting company for the commercial real estate industry, launched in 2016 by entrepreneur Poonam Mathis. Seigga Capital is an active investor both in real estate assets and technology-enabled startup businesses. While the financial terms of the deal were not disclosed, Seigga Capital will continue to serve the company’s clients by operating StealthForce as a project-based commercial real estate insights provider. Leveraging a network of over 800 consultants, Seigga Capital will also begin technological development of the underlying infrastructure envisioned by StealthForce CTO Prasad Thammineni. The business will be managed moving forward by Wayne Kimball, Seigga co-founder and managing partner, while Mathis will move on to pursue other opportunities.
“Three years ago we set out to solve a persistent inefficiency in insight resourcing for commercial real estate,” Mathis said, “We designed and deployed a solution modeled after the gig economy, built a small army of members nationwide, and won a loyal and varied customer base. Now it’s time to scale, and given its real estate focus, innovation lens, and outsourcing industry expertise, Seigga Capital is the right team to execute on the next phase of growth, taking the StealthForce model and vision, to the next level.”
“The expansion roadmap for StealthForce is clear, and there is great opportunity ahead,” said Kimball who will serve as the new chief executive, “And the need for project-based, flexible talent in commercial real estate will only grow as more and more investors look to hard assets and alternative investments. That trend, combined with the vision by Mathis and the founding team, bode well for the future of the venture.”
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