202214 Jan

Meet the New Owners of Caktus

Summary

We formed an eight member steering committee made up of interested (and skeptical) people from a cross section of the wider team. As a practical matter, we could not become 100% employee owned at this time -- for instance, it would require refinancing the mortgage on our beautiful downtown Durham HQ -- but we will be working towards that in the future. Caktus is also now governed by an official board of directors, recognized in our operating agreement, that includes Colin and me, as well as three elected employee-owner representatives. Todays announcement is a major accomplishment that both helps differentiate us in the marketplace and demonstrates the commitment and ownership our team feels over their work. Caktus is a team of Django, Python, and React experts headquartered in the heart of downtown Durham, North Carolina.

Source: Caktusgroup

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Companies