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Tallwave : Shows Record Growth and Portfolio Success in 2015

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12/16/2015 | 05:21pm CET

SCOTTSDALE, AZ--(Marketwired - Dec 16, 2015) - Tallwave, an Arizona-based innovation services company that helps new and growing technology companies build products and take them to market, today announced record growth in revenue and clients served in 2015. The company is also proud to announce record success for several of its portfolio companies.

Tallwave's mission -- to help turn great ideas into commercial successes -- hasn't been felt more strongly in the Valley and beyond than it was in 2015. Over the course of the year, the company realized a 100 percent year-over-year growth rate, expanded its leadership team and offices, and supported numerous innovative companies in bringing their concepts to market.

"At the start of this year we set out to rebrand and refine our service offerings, and we're happy to report it has proven a good shift for Tallwave and our portfolio companies," said Jeffrey Pruitt, CEO and co-founder of Tallwave. "We introduced an end-to-end software product development service that enables clients to not only build their products, but build their business in the process. This provided clients a way to leverage our expertise in building new ventures resulting in a year of record growth for Tallwave."

Tallwave's portfolio companies have also reached record achievements in 2015, including:

Ethology. A digital marketing agency based in Scottsdale, Ethology finished the year with 20 percent growth. The agency signed numerous top-tier clients including Farmers, Culligan and American Signature/Value City Furniture, and also created 12 new jobs.

Shelvspace. Shelvspace is a cloud-based sales platform for consumer packaged goods (CPG) companies. Fully launched in 2014, it is already used by more than 75,000 U.S. grocery and convenience store representatives. To manage the growth, the company expanded its team.

SOOH Media. SOOH Media is an interactive photo kiosk for brands and venues, expanded and reached new heights in revenue. The company expanded into the Los Angeles market and added several global brands to their portfolio, including Pepsi, W Hotels, Fry's Groceries, Cox, and iHeartMedia.

SyCara Local. In 2015, SyCara, a local SEO management tool, was acquired by SIM Partners, a location-based marketing platform based in Chicago.

Tallwave Capital. Launching with a $13.15-million investment fund in late 2014, Tallwave Capital hired Principal Nate Mortensen to manage the investment fund in June 2015. Throughout the year the fund has invested in fast-growth technology companies in Arizona and in the Western U.S. A few notable investments include Pure Chat, Allbound, Picmonic, Iris PR Sofware, Shelvspace, Chalk Digital, Local ID, and more.

In addition to growth in revenue and clients, Tallwave expanded its offices to Portland, Oregon. The company also made additional investment into its own team by promoting Ed Borromeo to COO, Scott Williams to lead engineer, and leadership promotions in marketing, client management, and design for Tanner Tegtmeyer, Hannah Rosen, Chelsea Winkle, and Paul Van Tuyl.

About Tallwave
Tallwave helps innovative teams transform ideas into successful business ventures by building great products and getting them to market with a better chance of success. The innovation services company provides a full suite of solutions including product development, prototyping, UX and visual design, positioning and branding, and customer acquisition. Tallwave is headquartered in Scottsdale, Ariz. Learn more at www.tallwave.com.

© Marketwired 2015
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