Text-Em-All Achieves Employee Ownership Milestone
Text-Em-All becomes Employee-Owned
Text-Em-All, a mass messaging platform, delivers personalized, informational, and emergency alerts to large groups. Text-Em-All is an 18-year-old software-as-a-service (SaaS) company with 42 employees, proudly headquartered in Frisco, Texas. The company is also known as a quick way to get important messages or information to several people simultaneously.
Just last week, Text-Em-All announced they reached a significant milestone for their company, they are now 100% employee-owned! The innovative Perpetual Purpose Trust (PPT) model was a collaboration with Common Trust. Common Trust helps business owners exit to their employees and community, all while ensuring a seamless ownership transition. This collaboration will help Text-Em-All reach its goal of being a 100-year company and providing a secure future for their employees. As mentioned on their own website, they opted for this approach because they believe employee ownership represents capitalism at its best. If you’re interested in reading more about software companies transitioning, check out one of Dr. Hand’s previous articles that covered why the CEO of CodeWeavers chose to convert his software company to an employee ownership trust!