M&A Deal Summary

K1 Investment Management Acquires Certify

On June 20, 2017, growth capital firm K1 Investment Management LLC acquired internet software and services company Certify, Inc. for 125M USD

Acquisition Highlights
  • This is K1 Investment Management’s 3rd transaction in the Internet Software and Services sector.
  • This is K1 Investment Management’s 1st largest (disclosed) transaction.
  • This is K1 Investment Management’s 6th transaction in the United States.
  • This is K1 Investment Management’s 1st transaction in Maine.

M&A Deal Summary

Date 2017-06-20
Target Certify, Inc.
Sector Internet Software and Services
Buyer(s) K1 Investment Management LLC
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 125M USD

Target

Certify, Inc.

Portland, Maine, United States
website
Certify, Inc. is an online travel and expense management solution for companies of all sizes. Organizations worldwide book travel and complete expense reports quickly, easily, and cost-effectively using Certify cloud and mobile applications. Certify, Inc. was founded in 2008 and is based in Portland, Maine.

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Buyer(S) 1

Buyer

K1 Investment Management LLC

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2011
SizeSmall
Type Sector Focused
DESCRIPTION

K1 Investment Management, LLC is a West Coast US-based private equity firm investing in high-growth private companies across North America. The Firm has a special interest in enterprise software companies and looks to provide meaningful strategic and operational guidance when working with portfolio companies. K1 Investment Management was established in 2011 and is headquartered in El Segundo, California.


DEAL STATS #
Overall 7 of 29
Sector (Internet Software and Services) 3 of 7
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (Maine) 1 of 1
Country (United States) 6 of 23
Year (2017) 2 of 5
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-28 ControlUp Technologies Ltd.

San Jose, California, United States

ControlUp Technologies Ltd. is a provider of an easy-to-use ITOps analytics and management platform. ControlUp helps ITOps teams to monitor, analyze, and directly remediate problems in their on-premise, hybrid cloud, and cloud infrastructures. ControlUp Technologies is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-10 ChiroTouch

San Diego, California, United States

ChiroTouch is a premier provider of chiropractic software technology solutions, including ChiroTouch Complete Practice Software and SmartCloud Chiropractic EHR Software. With industry-leading support, training and compliance expertise, ChiroTouch partners with practices of every type to help them easily automate operations, improve patient care and increase profitability.

Sell -