Phoenix Business Journal – by Patrick O’Grady
Date: Friday, April 15, 2011, 3:00am MST
Reprinted from: The Phoenix Business Journal:
Software companies in the Phoenix area are ramping up hiring to meet increasing demand for business information technology services.
A variety of software companies, particularly those developing specialized software as a service, are experiencing the uptick.
“Each product that gets developed has to have a market, and a market where people are willing to pay for what they produce,” said Paul Winandy, CEO of WebPT LLC.
Winandy’s Phoenix company developed software for physical therapists. WebPT has hired 17 people since last October, after receiving a $1 million investment from Canal Partners LLC.
Infusionsoft, a Gilbert-based company specializing in marketing software …
With a presence in both Scottsdale, AZ and Orange County, CA – Canal Partners’ managers have successfully created significant value in both public and private enterprises and wish to continue utilizing their entrepreneurial and operational experiences in creating value-added growth.
“Canal Partners is eager to back entrepreneurs with a vision and the ability to execute sound business plans,” explains Canal Partners’ Managing Partner Todd Belfer.
In addition to other successful ventures, Canal Partners owns a majority of Limos.com, which focuses on bringing online reservations to black-car companies has successfully secured $10 million of financing from Austin Ventures to launch their on demand product and expand internationally.