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TechBuffalo beefs up its board
TechBuffalo welcomed three new members to its board of directors this March.
The nonprofit training initiative is seeking to create 5,000 technology professionals in Western New York in the coming years, partly by coordinating various workforce efforts already in place. It is supported by a $2 million Empire State Development grant and also received a $500,000 loan in spring 2020 from the Western New York Impact Investment Fund.
TechBuffalo's board is chaired by Michael Moskal, CUBRC’s chief information officer. A previous version of this story incorrectly listed James Partsch as executive director. He is no longer with TechBuffalo.
New board members include:
- Renita DiStefano, Seneca Gaming Corp.’s vice president of information technology and chief information officer.
- Ekua Mends-Aidoo, Evergreen Health’s chief equity and inclusion officer.
- Scott Stenclik, president and CEO of Aleron Group.
Other board members staying on include Christina Orsi, Thomas Quinn, Randy Harris, Jenna Kavanaugh, Eric Reich and Michael Wisler
Got a quarter?
ACV Auctions is set to post its first quarterly earnings report on May 13, including a conference call between management and investors.
The Buffalo-based software company went public March 24, an IPO with deep ramifications for the city’s first software unicorn and its numerous local financial stakeholders.
ACV shares have hovered between $32 and $37 since that time. A variety of Wall Street institutions have initiated coverage of the stock since that time. Jefferies, for instance, called the company a buy in April with a $45 share price target.
Down the I-90
A few other companies east of Buffalo hit major milestones recently. They include:
• Albany-region AtLast Foods raised $40 million in Series A funding to support the development of an 80,000-square-foot indoor farm. AtLast will use the space to grow mushroom-like mycelium for its MyBacon product.
• Also in Albany, 65-year-old swimming pool maker Latham Group raised $380 million in an initial public offering. Growing demand for the company’s fiberglass swimming pools helped it double profits last year, according to the Albany Business Review.
