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Chicago — May 5, 2015 — SMS Assist, the innovative mobile and cloud-based multisite property management company, announced a $45 million investment from New York-based Insight Venture Partners.
“The backing of world-class investment firms like Insight Venture Partners and Pritzker Group continues to fuel our innovation and ensure that SMS Assist leads the industry in quality and customer satisfaction,” said Michael Rothman, SMS Assist’s chief executive officer. “This capital will allow SMS Assist to accelerate our investment in technology and people, take advantage of new opportunities, and continue our rapid growth.”
SMS Assist is revolutionizing multisite property management using its proprietary, cloud-based platform to provide a fully-outsourced business solution for a growing list of national and Fortune 500 companies including Family Dollar, CBRE, O'Reilly Automotive, Inc., and Colony Capital.
SMS Assist manages a network of more than 20,000 certified affiliate subcontractors providing the highest quality maintenance services to more than 90,000 client locations. The company’s advanced technology platform is designed to continuously reduce clients’ property maintenance costs while simultaneously improving service quality and speed of delivery.
Since an infusion of capital from Pritzker Group in October 2013, SMS Assist has experienced explosive growth in revenue, profitability, and operating scale. The company now employs more than 400 people from its Chicago headquarters. The investment from Insight Venture Partners will allow the company to enter new markets and accelerate its growth.
“With its customer-centric management focus and first-in-class technology, SMS Assist is approaching 100,000 locations served and saving tens of millions of dollars for its customers,” said J.B. Pritzker, managing partner of Pritzker Group. “Its scalable technology means there is plenty of room to grow in this $50 billion market.”
For more information, visit www.smsassist.com.
