The announcement included a statement from Jerry Poch, managing director of FirstMark Capital, which was described in a prepared statement as the Company's largest investor. Poch becomes the chairman of the company's board of directors. Despite the kind words, having an investor take over the board chairmanship has the suggestion that the money people aren't completely happy with what has happened to their money. It's clear Tectura would like to have gone public a few years ago, but market conditions interfered. Tectura has raised a decent amount of venture capital over the years as it in initially grew by acquisitions. But it has been very quiet of late.
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CEO PETRZELKA LEAVING TECTURA
Terry Petrzelka, who founded international Dynamics reseller Tectura, is retiring from the company he founded in 2001. Petrzelka will remain with the company during the next three months with his day-to-day responsibilities being assumed by Duane Bell, the COO, who becomes CEO and president.
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