K1 Investment Management has announced that the company has successfully completed the sale of the FMG Suite to Aurora Capital Partners. The company has added that this is the second major deal of the company during the recent Covid-19 pandemic, which has struck globally.
K1 Investment Management was the very first institutional investor in the FMG Suite. Since the investment of K1 Investment Management, the worth of the overall assets of the FMG Suite has increased up to 6-fold and the company’s customer base has increased three times.
The investment support from K1 Investment Management significantly helps the FMG Suite to expand its market penetration and headcount. Furthermore, it also expands the company’s capability to integrate the five add-on acquisitions.
Chief Executive Officer of FMG Suite, Scott White said, “We are proud of the category-leading product and customer experience that FMG Suite provides to financial services professionals worldwide. 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.”
Managing Partner at K1 Investment Management, Taylor Beaupain said, “We were excited to help FMG Suite scale its operations and create the clear category leader in marketing software to financial services professionals. The current market disruption has only strengthened FMG Suite’s competitive position, and we look forward to their continued growth as the economy recovers.”
About K1 Investment Management:
The K1 Investment Management is a global investment firm focused on providing critical financial assistance to companies, organizations and enterprises. The company has partnered with over 125 leading enterprise software companies across the world, including the Emburse, Checkmarx, Apptus, Buildium, Clarizenm, Litera Microsystems, FMG Suite, RFPIO, Onit, Workforce Software, Rave Mobile Safety and Zapproved.