Los Angeles, CA, September 18, 2015 --(PR.com
)-- K1 Investment Management (“K1”) announced today that it realized its investment in Community Investors, Inc. (“CII”), a leading provider of software-as-a-service (SaaS) solutions to the residential real estate industry. CII offers cloud-based software providing community associations and homeowners with transparency into board and community operations, security through visitor management and access control, access to home warranty information, and connections to top-tier local real estate agents.
Tim Vollman, Chief Executive Officer of CII, noted that “CII has developed a tremendous portfolio of SaaS solutions which automate manual tasks and increase productivity across the residential real estate industry. The combination of sector focus, direct sourcing and operational best practices that K1 brought to bear has produced a true industry leader.”
In February 2013, K1 formed CII by combining the two market leading providers of community operations software for homeowner associations. In 2014, CII further extended its platform with the consolidation of additional solutions with community security and homeowner services functionality.
Taylor Beaupain, Managing Partner at K1, commented “The sale of CII validates K1’s strategy of investing in growth stage enterprise software companies which provide mission-critical systems of record. K1’s partnership with Community Investors, Inc. demonstrates the multiplier effect of scaling an already-successful business through a combination of organic growth and complementary acquisitions. Community associations play a critical role in the residential real estate marketplace and we are pleased to see CII emerge as the leading consolidator in the space. We wish CII and its management team continued success in the future.”
About Community Investors, Inc.
Community Investors, Inc. is a software-as-a-service (SaaS) system of record for the residential real estate industry. The company’s products automate information access, work processes, internal and external communication, time and expense tracking, vendor management, board requests, homeowner requests, delivery tracking, visitor management, security and other functions. CII is headquartered in Denver, Colorado. For more information please visit http://www.communityinvestorsinc.com/
About K1 Investment Management
K1 is a West Coast-based venture capital firm investing in high-growth private companies across North America. We seek to help dynamic businesses achieve successful outcomes by identifying and executing organic and acquisition-based growth opportunities that can position our companies as industry leaders. Our team members have been investing in software companies for over 20 years. K1 typically invests alongside strong management teams that continue to guide their organizations on a day-to-day basis. As partners, we seek to provide meaningful strategic and financial support to help our companies reach their full potential. Our investments vary in the level of ownership in order to meet the needs of entrepreneurs and managers. We provide a broad range of transformative, consultative services to our portfolio companies. For more information please visit www.k1capital.com.