K1 Investment Management

Our 2024 Q3 Update is now live! In a record-breaking year for K1, we have realized $2.9 billion in enterprise value through six realizations in 2024, including Q3 exits such as GoCanvas, acquired by Nemetschek Group, and Axcient, acquired by ConnectWise, a Thoma Bravo portfolio company.* We have also been active in acquiring new businesses, including Board Intelligence and MariaDB (formerly NYSE: MRDB). Other 2024 YTD highlights include: - 30 K1 portfolio companies featured on the Inc. Magazine #Inc5000 - 24 Accelerate events hosted with over 600 guests, including Fortune 500 and Global 2000 executives - 174 leaders placed across our portfolio Read the full #Q3Update here: https://lnkd.in/gHqAuch8 #categoryleaders *Data provided is as of 9/30/2024 – Please see full disclosures, disclaimers, and list of YTD investments and realizations here: https://lnkd.in/gzB4hCRe

Thrilled to announce our portfolio company Irwin has entered into a definitive agreement to be acquired by FactSet (NYSE: FDS | NASDAQ: FDS). Since our initial investment in 2021, Irwin has grown revenue by 4x and built upon their position as a leader in the IR software market through introducing new products, expanding into the European market, and securing key partnerships. Congratulations to Irwin’s co-founders, David Whyte and Mark Fasken, and the entire Irwin team on this milestone. This will mark K1’s seventh exit in 2024, contributing to over $2.9 billion in enterprise value realized year-to-date. Read more here: https://lnkd.in/gt6b495A #categoryleaders 

Exciting news from our portfolio – Board Intelligence has completed its acquisition of TeamEngine, joining forces to strengthen AI-powered governance software and expand their reach across Europe. This partnership combines Board Intelligence’s AI-powered platform with TeamEngine’s established presence in the Nordic region, positioning them to deliver value to both public and private sector clients through improved decision-making and innovative governance solutions. Read more here: https://lnkd.in/gZFR6kYy #categoryleaders #BoardIntelligence #TeamEngine 

Proud to share the next chapter for our portfolio company Axcient, a category-leading provider of advanced business continuity and disaster recovery (BCDR) software for managed service providers (MSPs), which has entered into a definitive agreement to be acquired by ConnectWise, a Thoma Bravo portfolio company. Since our initial investment, Axcient’s annual recurring revenue has grown by 7.5x, driven by customer-focused innovation and strategic acquisitions. This acquisition marks another milestone for Axcient in their mission to protect MSPs and their clients from evolving cybersecurity risks. With this transaction, K1 has realized over $1.8 billion of liquidity in the past ten months, reflecting our commitment to building category-leading companies. Congratulations to the entire Axcient team on this incredible journey. We look forward to seeing their continued success as part of ConnectWise. Read more here: https://lnkd.in/gAU7ruuG #categoryleaders #BCDR #MSPs

We're excited to announce the completion of our acquisition of MariaDB, a leader in enterprise database solutions, and the appointment of Rohit De Souza as CEO. This strategic investment positions MariaDB to further expand its presence in the enterprise market and continue delivering innovative, scalable solutions globally. With upcoming features like vector search and a Kubernetes Operator, MariaDB is poised to drive advancements in AI-driven, cloud-native solutions. We’re thrilled to support MariaDB as it enters this new phase of growth and innovation. Read more here: https://lnkd.in/g52EzsQn #categoryleaders #MariaDB

We’re proud to announce that Routeware, Inc., a leading provider of integrated technology solutions for the waste and recycling industry, acquired Wastech, Inc., the owner of RUBICONSmartCity and RUBICONPro. By combining Routeware’s robust suite of products with RUBICONSmartCity and RUBICONPro’s specialized platforms, the company will be positioned to deliver comprehensive and innovative solutions across both the public and private sectors of the waste management industry. Read more: https://lnkd.in/gzEDuYM3 #categoryleaders #wastemanagement

We're proud to announce that 30 K1 portfolio companies have made this year's Inc. 5000 list of the fastest-growing private companies in America! This achievement underscores the incredible innovation and growth happening across our portfolio. Congratulations to: COMPLY, ControlUp, Crownpeak, Cyara, Eltropy, Employ, GoCanvas, Gravyty, Hiver, HR Acuity, IRONSCALES, Ivy.ai, IXOPAY (TokenEx), Logicbroker, Lumistry (Digital Pharmacist Inc.), Murj | Empowering Modern Cardiac Device Care, Ocelot, Panopto, Pentera, RentRedi, Responsive, RethinkFirst, Reveal, Routeware, Inc., Smarsh, Subsplash, TeamDynamix, TechnoMile, and Trackforce Valiant + TrackTik! Kudos to all for this well-deserved recognition. We're honored to be part of your journey. Learn more here: https://lnkd.in/g-aAT7dM #categoryleaders #Inc5000

We are thrilled to announce our strategic growth investment in Board Intelligence, the AI-powered board management software platform trusted by over 40,000 leaders across 3,000 organizations globally, including Aston Martin Lagonda Ltd, Generali, Nationwide, Schroders, the National Health Service (NHS), and Zurich Insurance Group. This partnership aims to drive the next phase of growth for Board Intelligence, enhancing its leading board collaboration platform for clients worldwide. Jennifer Sundberg and Pippa Begg have built an innovative platform that transforms board decision-making. This investment supports their mission and helps to accelerate product innovation, geographic expansion, and strategic acquisitions. Read the full press release here: https://lnkd.in/gD6nA6J5 #categoryleaders #BoardIntelligence #boardmanagement #AI

Congratulations to our portfolio company GoCanvas on successfully completing their acquisition by the Nemetschek Group (FRA: NEM), a global provider of software solutions for the AEC/O and media sectors. Under K1’s guidance, GoCanvas enhanced its market presence through strategic acquisitions and strengthened its position as a leader in field worker collaboration software. Thank you to the entire GoCanvas team for their dedication and leadership, which has been instrumental to the company's success. This transaction exemplifies our commitment to building category leaders and has contributed to K1's $1.7 billion in liquidity from various distributions since December. Read more here: https://lnkd.in/geqyZ9CR #categoryleaders

Direct from the NYSE Floor! Check out this #NYSEFloorTalk with Kim Crawford Goodman, CEO of Smarsh, discussing how Smarsh helps customers navigate the complexities of digital communication compliance amidst increasing regulatory scrutiny and data volumes. #categoryleaders #NYSE #AI #innovation