Alpine Consolidated Announces Sale of US Based Espresoh Tech, LLC to Its Management
Represents the next step of strategic transformation on building an engineer-owned global software product development company; Enhances the company’s ability to attract, motivate, and retain top technical talent in the industry; Strengthens the company’s long term competitive positioning by aligning margins with employee equity ownership.
Alpine Consolidated, a Washington-based venture investment company, announced that it was selling its ownership of Espresoh Tech to its senior management team in the US, led by Marcel Barbulescu, its Managing Director. Espresoh Tech will be led by Daniel Markovits, Espresoh’s EU-based CEO. Since its acquisition by Alpine Consolidated in 2019, Espresoh Tech has grown its portfolio to multiple US companies, including AutoEurope, a global leader in international car rental services, and FiscalNote, a DC-based company focused on global policy and market intelligence.
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Since Alpine acquired Espresoh Tech in 2019, it has relied on the vision and continued support of its Board of Directors: Elan Blutinger, Managing Director of Alpine Consolidated, a Washington-based venture investment company, Jan Rosenberg, the CEO of cloud service leader Datatility and multiple technology ventures, Mike Sands, co-founder of Orbitz and CEO of Chicago-based Signal.co, and Hasan Dossal, a former Verizon finance and operations executive.
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“With the accelerated pace of software product innovation in the US and abroad, Espresoh Tech has been able to leverage the best software talent and expertise in market-changing ventures, accelerating their growth and positioning them at the forefront of innovation. It’s time to let those closest to the customers take ownership of the company,” said Elan Blutinger, Chairman of the Board of Directors at Espresoh Tech.
Marcel Barbulescu, former CEO and President of Espresoh Tech noted that “Espresoh is in the best hands with its top managers and engineers at the forefront of operations. I’ve worked alongside this ambitious team for the past three years, and there’s no challenge they can’t solve. If there’s one key skill they can deliver, that is end-to-end software excellence.”
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