The transaction marks K1's seventh exit in 2024 and will contribute to completion $2.9 billion with the amount of business received YTD
MANHATTAN BEACH, Calif., October 28, 2024 /PRNewswire/ — K1 Investment Management, LLC (“K1”), one of the largest investors in small business software companies, today announced that its portfolio company. Irwina leading provider of investor relations (IR) and financial markets software, has entered into a definitive agreement to be acquired by FactSet (NYSE: FDS | NASDAQ: FDS), a global digital financial platform and business solutions provider. The transaction is expected to close in the coming weeks and marks K1's second exit from a publicly traded buyer since the summer.
From the initial investment of K1 in 2021, Irwin grew revenue by 4x by introducing new products like Irwin IQ, expanding into the European market, and gaining valuable partnerships with groups like FactSet and the New York Stock Exchange. This growth builds on it Irwin's position as the leader in the investor relations software market, has become the trusted solution for companies and their advisors to facilitate investor engagement and relationship management.
“We are proud to be like that David Whyte again Mark Fasken's leading the institutional shareholder and working with them Irwin's changing the IR landscape,” he said Tarun JainPrincipal in K1. “K1's focus is to be the largest investor in small, innovative, and fast-growing businesses around the world, and help build them into industry-changing category leaders. The acquisition of their industries. Irwin FactSet is a testament to the two co-founders, the platform they built and the strength of the relationship we had with them.”
Irwin's The solution is used by IR professionals, who use the platform for investor targeting, shareholder monitoring, relationship management, and engagement analysis. FactSet discovery will continue to compile Irwin's an investor relations platform with FactSet data, analytics, and research workflows, aimed at providing corporate issuers and IR teams with a unified, end-to-end solution for managing their investor relations and capital markets efforts.
“The investment from K1 and the subsequent partnership has been invaluable Irwin to scale as quickly as we did,” he said David WhyteFounder and CEO of Irwin. “K1's strategic guidance and operational support ” and their background knowledge in business software ” have contributed to our growth and this final sale to FactSet. We are excited about this next chapter in our journey and are confident.” Irwin we will continue to see success under FactSet's ownership.”
The sale of Irwin marks the seventh K1 occurrence in 2024, and the third to be sold to a strategic buyer this year. K1 has noticed $2.9 billion in business value year to date through notable exits including GoCanvas (sold Nemetschek GroupFRA: NEM) and Axcient (sold to ConnectWise, a Thomas Bravo portfolio company).
About Irwin
Irwin empowers IR professionals with a purpose-built investment relationship and capital markets platform. Our solutions integrate data and intelligent automation to streamline how teams find and communicate with investors, monitor shareholder changes, and manage all communications. By consolidating data and eliminating administrative tasks, Irwin seeks to free up IR teams to focus on strategic engagement and relationship building. It is established and has its own headquarters Toronto, Canada, Irwin serves a global community of public companies and their advisors who rely on our solutions to manage and improve their investor relations programs.
For more information, visit www.getirwin.com or follow us on LinkedIn.
About K1
K1 is one of the largest investors in small business software companies. The headquarters is inside Manhattan Beach, CaliforniaK1 partners with strong management teams of high-growth software businesses, using performance-oriented growth strategies to grow portfolio companies. Dedicated to transforming industries and driving productivity, K1 has partnered with more than 240 enterprise software companies since its inception.
K1's unique focus, driven by its one team, one office, and one fund strategy, has resulted in the realization of many of its portfolio companies. Examples include Apttus (sold to Thomas Bravo), Axcient (sold to Connectwise, supported by Thomas Bravo), Buildium (sold to RealPageNASDAQ: RP), The truth (sold from insightsoftware, supported by TA participants and Genstar), Checkmarx (sold to Insight Partners and Hellman and Friedman), Clarizen (sold to Planviewsupported TA participants again TPG Capital), FMG Suite (sold at Aurora Capital Partners), GoCanvas (sold at Nemetschek GroupFRA: NEM), Granicus (sold in Vista Equity Partners again Harvest Partners), Inthinc (sold to Orbcomm (NASDAQ: ), NASDAQ: ORBC ), Litera (sold to Hg Capital), Rave Mobile Safety (sold to TCV; now owned by Motorola Solutions (NYSE: )NYSE: MSI), TeamDynamix (sold to Level Equity), Unified (now owned by iHeartMediam NASDAQ: IHRT), WorkForce Software (sold to Insight Partnersnow owned by ADP, NASDAQ: ADP) and It is allowed (sold to Exterrosupported Leeds Equity).
For more information, visit k1.com and follow K1 Investment Management on LinkedIn.
