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[Pittsburgh, PA – October 5, 2022]: fivestar*, a 25-year-old custom software solutions company, today announced its acquisition by the Revision Collective, a Cincinnati, OH-based privately-held, employee-owned parent company. Revision exists to bring like-minded businesses together and grow their collective impact while caring for each company’s unique stakeholders: employees, client partners, and communities. The acquisition allows fivestar* to continue to provide the same high level of service that clients have come to expect, with increased capabilities and operational efficiency. The company will continue to be led by CEO/Cofounder, Lou Camerlengo and fivestar*’s professionals with a commitment to operate the business for the good of all stakeholders. Chairman/Cofounder, Dave Colaizzi will act in an advisory role during the transition.
“When Dave Colaizzi and I founded fivestar* 25 years ago, our vision was simple: Bring together talented people to solve client challenges in an environment that supports long-term client relationships, work life balance and community service,” fivestar* CEO, Lou Camerlengo commented. “Being part of the Revision Collective who shares our values and culture enables that vision to continue well into the future.”
“fivestar* will retain its team and commitment to delivering value. There will be no interruptions in the services provided,” added Lou Camerlengo. “Our team is now part of a 100% Employee-Owned company, joining a collective group of businesses focused on a triple bottom line of people, planet, and profit. We could not be more excited for everyone at fivestar* and the positive impact this transition will have on our client partners.”
Five Star Development, Inc. (fivestar*) will become Fivestar* Inc., an Ohio corporation and will continue to operate from their Pittsburgh North Shore offices.
“When Dave Colaizzi and I founded fivestar* 25 years ago, our vision was simple: Bring together talented people to solve client challenges in an environment that supports long-term client relationships, work life balance and community service” - Lou Camerlengo
“When we started our first company Ingage Partners, Michael Kroeger, co-CEO and I were building a small company of a few employees. It didn’t take us long to realize that by bringing together a committed, talented, and passionate group of like-minded people our opportunity for growth and impact would be unlimited. By adding fivestar* to our portfolio of companies under the Revision Collective, we are recommitting to our vision of using business as a force for good. We couldn’t be more excited about the future for all of our stakeholders.” said Kelly Dolan, Revision Co-CEO.
About The Revision Collective: Revision Founders Michael Kroeger and Kelly Dolan took a leap of faith to start Ingage Partners, a Revision Collective portfolio company. Fueled by the desire to succeed in business while giving back to the community, they discovered Certified B Corps. B Corps measure company performance across a triple-bottom-line of people, planet and profit. Ingage Partners became a Certified B Corp and has continued to grow year over year both in impact and profit. It is from this framework that they decided to go a step further to build a holding company of like minded businesses. The idea is that by forming a collective of businesses for good, we can expand our impact, accelerate our growth and secure our future as an employee-owned collective. https://www.revisioncollective.com/
About fivestar*: With over 25 years of experience, Fivestar* develops custom web and software solutions that centralize workflows, optimize processes, and enable decision-making through real-time data and business intelligence. With Pittsburgh roots and a global reach, fivestar* helps clients in a wide range of industries. Fivestar* focuses on developing projects and relationships that last, developing on average eight projects for a client over five or more years. Along with working with corporate clients, fivestar* is heavily involved in workforce development and education initiatives that help prepare individuals and organizations for the future of work through the intelligent use of technology. Working with regional and national partners, fivestar* has developed solutions that connect students, workers, adult learners, and veterans with re-skilling and career pathway opportunities. https://www.fivestardev.com/
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