Real estate tech company Porch adds five new directors to board ahead of public stock listing

Seattle-based Porch today named five directors that will join the company’s board when it goes public later this year.



a large brick building with a clock: Porch’s Seattle headquarters. (Porch Photo)


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Porch’s Seattle headquarters. (Porch Photo)

The real estate technology venture and home improvement marketplace announced plans in July to become publicly traded through a merger that values the Seattle company at $523 million. Porch will combine with PropTech Acquisition Corp., a special purpose acquisition company, or SPAC.

The board members will join on Porch’s first day of public trading. They include:

  • Javier Saade, founder and managing partner of Impact Master Holdings; venture partner at Fenway Summer Ventures; former associate administrator of the U.S. Small Business Administration.
  • Chris Terrill, former CEO of HomeAdvisor and Angie’s List; board member of Realogy Holdings Corp. and Infogroup.
  • Regi Vengalil, CFO of Egencia (Expedia’s corporate travel division); former global head of corporate development and strategy at Expedia Group. He will serve as
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Microsoft Races Ahead On RPA (Robotic Process Automation)

Last year, Robotic Process Automation (RPA) was the fastest growing segment of the global enterprise software market (the technology helps to automate repetitive and tedious processes). And as for this year, the momentum has accelerated. Because of the impact of the COVID-19 pandemic, companies have scrambled to boost their automation efforts.

The dominant players in the RPA market include UiPath, Blue Prism and AutomationAnywhere. But there is another tech operator that has been making dramatic gains: Microsoft. 

The company definitely has many advantages: a massive customer base, thousands of talented engineers, a rich ecosystem of partners, a best-of-breed cloud infrastructure and many complementary apps. Microsoft has also been innovating at a rapid pace.  Consider that more than 350,000 organizations use the Power Automate platform

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EMERGING MARKETS-Asia lower, Thai baht declines ahead of c.bank decision

    * Graphic: World FX rates tmsnrt.rs/2egbfVh
    * Graphic: Foreign flows into Asian stocks tmsnrt.rs/3lKhL5I
    * Ringgit falls after Anwar claims parliamentary majority
    * Thai central bank decision around 0700 GMT

    By Anushka Trivedi
    Sept 23 (Reuters) - Asian emerging currency and stock
markets lost more ground on Wednesday, with the Thai baht
suffering from concerns about a struggling economy while the
Malaysian ringgit fell after opposition leader Anwar Ibrahim
claimed he had a majority in parliament.
    This week's strength of the U.S. dollar continued to weigh,
with the Taiwanese dollar a consistent outperformer,
thanks to its tech-heavy economy, again the only outlier. 
    Stock markets were all down across the board, led by
Malaysia, with India bucking the trend thanks to signs
of more deals for the energy-to-retail conglomerate Reliance
, already the subject of major investment from
Facebook, Google and other big foreign players this year.

    The ringgit fell 0.7% 
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