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Jeff Westphal Announces Funding Support for New Ventures

·1 min read

PHILADELPHIA, August 02, 2022--(BUSINESS WIRE)--Jeff Westphal, Founder of two new ventures, MeaningSphere™, and Mosaic™, announces the sale of 4.5 million Class A Shares of Vertex Inc. to Tensile Capital of Larkspur, CA and 500,000 Class A Shares to Sheffield Partners, LP, a subsidiary of Sheffield Asset Management LLC.

"Tensile Capital has extensive experience in the enterprise technology space, and shares my confidence that the Vertex Board and management team will continue to realize outstanding performance over the long term," said Westphal, who served Vertex Inc. successively as President, CEO and Chair from 1996 to 2020.

Jeff is also announcing the acceleration of 2022 efforts to advance meaning-based practices in business and education, a passion born from his own journey of meaning-based leadership at work, and through meaning-based learning practices within his family’s educational experience.

MeaningSphere enables all people to create and pursue deeper meaning in their work, whatever that work might be. Mosaic accelerates the movement of families and educators toward meaningful, experiential, collaborative learning at school, home, and within independent communities dedicated to this approach.

In addition to these new endeavors, Jeff and his wife Jenifer continue to invest in the potential of meaning-based learning through their visionary support of Drexel University’s Innovation Engine and the Freddie Reisman Center for Translational Research in Creativity and Motivation.

For more information visit www.jeffwestphal.org.

The sales were completed pursuant to an effective registration statement and related prospectus filed by the company with Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220802005964/en/

Contacts

Ngaire Duncan
nduncan@jwestphal.com