Realization represents K1’s second exit during the coronavirus pandemic
K1 Investment Management, LLC (“K1”), a leading investment firm focusing on high-growth enterprise software companies, announced that it has completed its sale of FMG Suite, LLC (“FMG Suite”), the category leader in cloud-based marketing automation software for financial services professionals, to Aurora Capital Partners (“Aurora”).
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The deal represents K1’s second exit during the coronavirus pandemic.
K1 was the first institutional investor in FMG Suite. Since K1’s initial investment in 2016, FMG Suite’s revenues have grown more than 6x and its customer base has more than tripled.
“We are proud of the category-leading product and customer experience that FMG Suite provides to financial services professionals worldwide,” said Scott White, CEO of FMG Suite. “Our partnership with K1 was a true testament to FMG Suite’s vision and technological capabilities. We are looking forward to the next phase of growth with Aurora.”
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With K1’s partnership, FMG Suite made significant investments to grow its headcount and expand its market penetration. Additionally, FMG Suite leveraged K1’s sector specialization, sourcing capabilities and operational capabilities to complete and integrate five add-on acquisitions.
“We were excited to help FMG Suite scale its operations and create the clear category leader in marketing software to financial services professionals,” said Taylor Beaupain, Managing Partner at K1. “The current market disruption has only strengthened FMG Suite’s competitive position, and we look forward to their continued growth as the economy recovers.”
K1 builds category-leading enterprise software companies. As a global investment firm, K1 assists high-growth businesses to achieve successful outcomes, and invests alongside strong management teams that continue to guide their organizations on a day-to-day basis. With over 90 professionals, K1 changes industry landscapes by assisting with operationally-focused growth strategies designed to assist portfolio companies scale efficiently. Since inception of the firm, K1 has partnered with over 125 enterprise software companies including industry leaders such as Apttus, Buildium, Checkmarx, Clarizen, ControlUp, Emburse, FMG Suite, Granicus, Litera Microsystems, Onit, Rave Mobile Safety, RFPIO, Smarsh, WorkForce Software and Zapproved.
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