(Denver – Oct. 28, 2015) HomeSphere, the homebuilding industry’s leading digital B2B customer acquisition and retention platform, announces new ownership through a management buyout. Cypress Growth Capital provided the financing for the transaction, and East Wind Advisors acted as exclusive financial advisor to the seller.
Founded in 1999 with a vision of creating a digital community for the construction industry where suppliers and builders could conduct business, HomeSphere has a long history of leading the homebuilding industry into the digital age. Its software platform connects more than 80 building product manufacturer brands across 23 product categories with more than 17,000 local and regional homebuilders.
The transaction positions HomeSphere as the exclusive digital platform for residential construction and delivers additional capital to accelerate innovation and new product development.