DivvyHQ exits: They built this KC startup brick-by-brick, now it fits within a bigger story
February 29, 2024 | Tommy Felts
A Kansas City marketing tech startup’s acquisition by Lytho, a leading creative project management platform, is built upon the two brands’ complementary company ideologies and tech, said Brock Stechman.
“We’re seeing a lot of consolidation in our market, and this was an opportunity where we could collaborate and come together seamlessly with a single, specialized, unified solution,” the co-founder of DivvyHQ told Startland News.
Lytho formally announced the acquisition this week. The deal closed Jan. 31. Financial details of the exit were not disclosed.
Founded in 2011 by Stechman and Brody Dorland, DivvyHQ is an award-winning content operations platform that makes it easy for global marketing, content, and communications teams to get organized, plan, produce, and publish high-quality content more efficiently.
“Building a company from the ground up, brick-by-brick, is incredibly difficult,” Stechman said in a LinkedIn post announcing the exit. “It truly truly does take a village. For those who have been a part of our journey thus far, I can’t thank you enough.”
“Of course, I’m very proud of what we’ve built,” he continued. “But I’m much more proud of who we built it with. Who you work with makes all the difference in the world.”
DivvyHQ is expected to continue as a standalone product for the foreseeable future, according to Lytho, although the two companies already have begun integrating their platforms to provide customers with a more seamless and efficient content creation experience.
Stechman is now vice president of strategy for Lytho, with Dorland becoming vice president of marketing.
“We’re excited about these new positions; it’s a great opportunity for us both,” Stechman said.
“And our entire team is being integrated into Lytho,” he continued, detailing plans for DivvyHQ’s 12-person workforce. “We have a remote team, our core team in Kansas City, as well as developers in Argentina and the Philippines through our partnership with Full Scale. Everybody will be able to continue working from where they are now.”
The acquisition of DivvyHQ represents a significant step forward for Lytho and its commitment to providing innovative solutions for content creation and process management, said Doug Thede, CEO of Lytho.
“I am truly excited to incorporate DivvyHQ into the Lytho ecosystem,” he said. “Not only are we adding a solution that serves the unique needs of content marketing and communications teams, but we are also joining forces with experienced professionals who understand our market — both the opportunities and challenges that our customers face.”
For the past 20 years, Lytho has been serving creative teams with best-in-class creative workflow, review and approval, automation, and digital asset management capabilities, according to the North Carolina-based company. This acquisition allows Lytho to quickly expand its reach within marketing organizations and deliver an integrated toolset that manages all aspects of the content creation lifecycle.
“Together we’ll be able to provide unique and highly specialized solutions to make it much easier for marketing content, communications, and creative teams to all work seamlessly together,” said Stechman.
Click here for more on Lytho and the acquisition.
2024 Startups to Watch
stats here
Related Posts on Startland News
Schukman: Authenticity is the ultimate currency for millennials
The facts are in. Millennials prefer cause based products, are willing to pay more for them, and demonstrate strong brand loyalty to companies who weave social good into their stories. On the surface, these stats should be enough for any company to dive head first into branding themselves as social entrepreneurs. But, cause-based marketing is…
Brad Feld contest offering a startup free rent in KC
A prominent venture capitalist is launching an international competition in Kansas City that will offer a startup free office space in one of the area’s tech hotbeds. Brad Feld, co-founder of the Boulder-based Foundry Group, kicked off a contest Tuesday that will allow a startup to live in his Kansas City, Kan., home for one-year…
Digital Sandbox partners with Olathe to lift startups
Business incubator Digital Sandbox KC is widening its reach to suburban Kansas City. Digital Sandbox is partnering with the City of Olathe, Kan., to help launch businesses and boost entrepreneurship with its proof-of-concept model. The organization invests up to $25,000 in businesses for specific projects that help them secure additional funding. “Digital Sandbox has done…
New focus at Sprint Accelerator hopes to lure local firms
Now wrapped up with its second startup class, the Sprint Mobile Health Accelerator has begun prepping for its new mission in 2016. Instead of focusing specifically on mobile health technologies, the Techstars-led accelerator will broadly welcome startups in all mobile technology. The Kansas City-based accelerator welcomes about 10 startups each year from around the world…
