by TAMARAC, Fla. — City Furniture has taken a minority ownership stake in digital technology services company PeakActivity.
PeakActivity said that it will use the investment to accelerate its overall growth and fund further innovation in the home furnishings segment. On its website, the company describes itself as “a digital acceleration and technology services company that enables progress for businesses at every point of their digital journey through modernization, optimization, innovation, and engineering services.”
“City is working hard to build a world class organization that is best in class in technology. The future of the home industry and all industries hinge on technology and innovation,” City CEO Andrew Koenig said in a release.
“Our partnership with PeakActivity is more important now than it has ever been. We are convinced that taking a position in PeakActivity will accelerate our technological advantages in the market and result in a better customer and associate experience overall.”
The companies said that “with shared goals and shared financial outcomes, the partnership between the companies will be strengthened to a level they have not had previously and is a testament to the quality of the work they have done together over the past five years.”
“City has been one of our longest standing and best clients, driving us to innovate, to think, and work both faster and better,” said Manish B. Hirapara, CEO of PeakActivity. “With this investment, our relationship becomes even more significant and is unlike that of any other client relationship we have. I expect that we continue to grow together and thrive together in the future. We are stronger than we’ve ever been before now as true partners.”
