CIP Capital

CIP Capital Completes Investment in Community Investors

Community Investors

CIP Capital Completes Investment in Community Investors
Growth-oriented, sector-focused private equity firm to invest in leading provider of SaaS-based solutions to the property management and homeowner association markets

September 16, 2015 – CIP Capital Fund, L.P. (“CIP Capital”) has completed a platform investment in Community Investors, Inc. (“CII” or the “Company”).  Community Investors is a leading provider of SaaS solutions to the property management and residential homeowner association (“HOA”) markets. CII’s software solutions enable its customers to streamline operations, communicate with homeowners and manage their security needs through an integrated, cloud-based web portal. In addition to HOAs, the Company provides software solutions to homebuilders and real estate agents.

“Today’s announcement represents a significant step in CII’s path towards creating an enterprise class platform that is unparalleled in the homeowner association market. Through our partnership with CIP Capital, CII will continue to expand its presence in our core verticals while heavily investing in technology in order to expand our product offerings,” said Tim Vollman, Chief Executive Officer of Community Investors.  The existing management team of CII will continue to lead the Company going forward.  The Company will be investing in next generation technology solutions and product development across each of its end markets while adding new service lines organically and through strategic acquisitions.   

Justin Lipton, Managing Partner of CIP Capital, commented: “We are excited about partnering with the management team to accelerate growth with the leading property management and security software solution in the homeowner association market.  We believe there is a unique opportunity to scale the business in the core community operations segment, while strategically evaluating adjacent markets through investments in the Company’s technology platform.”  Scott Marden, Managing Partner of CIP Capital, added: “CIP is committed to investing in targeted businesses which provide best in class, integrated solutions for its customers.  The CII investment fits squarely within CIP Capital’s Technology-Enabled Services sector focus and is a platform with a significant consolidation opportunity in a highly fragmented space.” Community Investors is the fifth platform investment for CIP Capital.

About Community Investors, Inc.:

Community Investors is a leading national provider of SaaS solutions to the property management and HOA markets. The Company’s products are sold across the lifecycle of an HOA community, beginning with the residential construction phase, during the sales process, and ultimately on a go forward basis through property management and community interaction solutions. CII provides a true end to end SaaS solution to property managers and HOAs, enabling its clients to run more profitable and competitive businesses.  The Company is headquartered in Denver, CO with offices in Irvine, CA.  For more information please visit: http://www.communityinvestorsinc.com/.

Scott Marden Joins Judges Panel at the fourth AARP Health Innovation@50+ LivePitch in Miami, FL

aarp 

April 16, 2015

The fourth AARP Health Innovation@50+ LivePitch will take place Thursday, May 14, 2015 at the Miami Beach Convention Center. LivePitch is the premier showcase featuring the most exciting start-up companies in the “50 and over” health technology and innovation sector. The event offers the venture capital and angel investor community as well as the media, and consumers, the opportunity to connect with outstanding start-ups.

“This year 228 outstanding companies from around the world applied to present on stage at AARP Health Innovation@50+, making our job of selecting the finalists extremely difficult,” said Jody Holtzman, AARP’s senior vice president of Thought Leadership. CIP Capital's Managing Partner Scott Marden will be one of this year's expert judges

Scott Marden Joins Panel at Chicago Booth's 14th Annual Private Equity Conference

 

 

 

February 20, 2015

The Private Equity Group and the Polsky Center for Entrepreneurship and Innovation at Chicago Booth host their 14th Annual Private Equity Conference.

CIP Capital's Managing Partner Scott Marden is a featured speaker on the panel "Realizing Returns through Operational and Strategic Enhancements" at this year's 14th Annual Beecken Petty O'Keefe & Company Private Equity Conference. The Private Equity Conference brings together financiers, students, and entrepreneurs to network and share insights into the dynamics of investing in a constantly changing economy.

I Drive Safely and DriversEd.com Merge to Form eDriving, Creating the Leading Provider of Online Driver Training in the United States

eDriving

I Drive Safely and DriversEd.com Merge to Form eDriving, Creating the Leading Provider of Online Driver Training in the United States
Company Also Announces Key Additions to the Senior Management Team

January 20, 2015 – Oakland, CA – CIP Capital, a middle-market private equity fund, announced the formation of eDriving LLC (the “Company”), the leading provider of online driver’s education, defensive driving education, behind-the-wheel training and fleet driving safety. eDriving was created by the strategic combination of I Drive Safely, a CIP Capital portfolio company, and DriversEd.com, the leading provider of online and behind-the-wheel driver education solutions to teenagers, in the second half of 2014. The Company will be located in Oakland, CA and Carlsbad, CA with local offices throughout the United States.

With more than 10 million customers to date and 400 employees worldwide, eDriving is the largest provider of online driver education and training solutions to consumers and corporations through its I Drive Safely and DriversEd.com brands, providing online driver training solutions in all 50 states and Canada. The Company is uniquely positioned at the convergence of several key trends: the growth of online education, the exploding marketplace connecting drivers to new business models, the growth of apps and wearable devices to capture and control personal data and behavior, and the growing public focus on mitigating distracted and unsafe driving. In addition to online course delivery, the Company also has more than 110 DriversEd.com branded cars providing behind-the-wheel instruction—the only national provider offering first-time drivers a bundled solution consisting of online driver education and behind-the-wheel driver training. The Company also has a growing presence in the corporate fleet training market, with an initial focus on small to medium sized fleets. The combination will accelerate eDriving’s launch of next-generation content, telematics and technology solutions to students and their parents, adult drivers, contract drivers, corporations and insurance companies. It will also enable the Company to better serve students and corporate and academic partners immediately with an expanded portfolio of courses, broader reach, and combined domain expertise. 

The Company also announced a series of management additions in conjunction with the creation of eDriving. Celia Stokes joined the Company in January 2015 as Chief Executive Officer. Ms. Stokes most recently served as the interim President of Envision Experience. She spent the previous eight years as EVP and Chief Marketing Officer at K12 Inc. (NYSE: LRN), a leading provider of online education curriculum and technology solutions to students and state and local governments. Ms. Stokes brings more than 25 years of executive leadership and strategic marketing experience with a primary focus on the education, online marketing, travel and e-commerce industries.  “I am excited to lead eDriving and accelerate growth through the combination of the two leading brands in a very dynamic market,” Ms. Stokes said. “We are extremely well positioned against the fascinating 'drivatization' trend happening not just in the US but around the world that is delivering driving-centered business models at a pace and scale unimaginable a few years ago. Our mission is to offer a full suite of solutions that maximize road safety and enhance personal control of driver behavior and data. We will be the compelling choice for teenagers, adult drivers, contract drivers, corporations, regulatory agencies, insurance companies and the myriad other potential partners interested in this rapidly evolving ecosystem of drivers, cars and business models dependent on road safety.”  

In addition, the Company announced that Lowell Orelup has joined as Chief Marketing Officer. Mr. Orelup brings over 20 years of leadership experience within technology driven sales and marketing companies, most recently serving as VP of Marketing for Lending Tree (NASDAQ: TREE), a leading online lender exchange.

George Montgomery, the previous CEO of I Drive Safely, has been named as Chairman of the Board of eDriving and will partner with Ms. Stokes and the Board to execute the Company’s long-term strategy. Mr. Montgomery stated: “I look forward to working with Celia and the rest of the management team as they build out the team and lead the Company into its next phase of growth.” 

Strategic Acquisition in Healthcare Bolsters OnCourse Learning’s Content Offering

OnCourse-Logo

Strategic Acquisition in Healthcare Bolsters OnCourse Learning’s Content Offering

January 5, 2015 – Waukesha, WI - OnCourse Learning (OCL) today announced the purchase of Gannett Healthcare Group (GHG) from Gannett Co., Inc. GHG is a leading provider of continuing education, certification test preparation, online recruitment, digital media, publications and related services for nurses and other healthcare professionals in the United States. GHG consists of market leading brands like Nurse.com, CE Direct and ContinuingEducation.com. GHG will become a new business unit within the OnCourse Learning portfolio known as OnCourse Healthcare Group, along with OnCourse Financial Services and OnCourse Real Estate Groups.

“The acquisition of GHG serves as a significant step in building OnCourse Learning’s footprint as a leading provider of professional training, education and certification solutions in regulated markets. I look forward to leveraging our market leading learning management and compliance platform Symphony™ to provide healthcare professionals with the educational content necessary to enhance their current position, obtain advancement or enter a new career.” said Patrick Sheahan, President & Chief Executive Officer of OnCourse Learning.

“We are very excited to partner with OnCourse Learning and leverage the marketing, technology and content development resources of a larger organization to better serve our customers and accelerate growth within our healthcare markets.” said Melyni Serpa President & Chief Executive Officer of Gannett Healthcare Group. "Our longstanding commitment to our customers and the healthcare audiences we serve remains intact. Our customers will continue to enjoy the same high level of partnership, products and services that they have come to expect from GHG."

OnCourse Learning is a CIP Capital portfolio company.