"That was the message from Global Technology Industry Association (GTIA) CEO Dan Wensley, who this week showcased how the organization has emerged from the ashes of CompTIA with a renewed mission, alongside ambitious channel-focused investments. Earlier this year, CompTIA's $250 million revenue-generating training and certification business was sold to private equity, while GTIA retained the association and charitable foundation elements. An unprecedented move in the nonprofit tech association world, the sale created a perpetual endowment that now funds GTIA's operations."
"Board member Jason McGee confirmed that the funds are already performing above expectations in global markets. "This endowment means GTIA will never have to rely solely on membership dues again," he said. "It allows us to invest in the community, fund innovation, and give back - forever." Wensley told the audience: "Our commitment is to people, to resources, to community, and to advancement. Those four pillars define everything GTIA will do for the channel going forward.""
GTIA emerged after the sale of CompTIA's $250 million training and certification business to private equity, retaining association and charitable foundation elements. The sale created a perpetual endowment that now funds GTIA's operations. The endowment removes reliance on commercial revenue and sponsorships and enables investments in member programs, research, education, and charitable work. Board members report the funds are performing above expectations in global markets, allowing permanent financial independence from membership dues. GTIA commits to four pillars: people, resources, community, and advancement. Nancy Hammervik was appointed chief channel officer to drive external relations and expand global membership.
Read at ChannelPro
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