K1 Investment Management, LLC (“K1”), a leading investment firm focusing on high-growth enterprise software companies, today announced that it has completed the sale of its portfolio company Certent, Inc. (“Certent”), the category leader in software-as-a-service solutions for financial disclosure management and equity compensation. insightsoftware, a global provider of enterprise software solutions for the Office of the CFO, backed by TA Associates and Genstar Capital, acquired the business.
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K1 first invested in Certent in 2012 and was the only institutional investor in the company. Since K1’s initial investment, Certent’s customer base grew by more than 3x and its revenue grew by more than 5x.
With K1’s backing, Certent achieved significant scale and profitability through an active buy-and-build strategy. Certent leveraged K1’s sector specialization, sourcing capabilities and operational resources to complete and integrate five add-on acquisitions which expanded the company’s product line and geographic breadth. Additionally, 13 Certent executives, including the company’s CEO, CTO and SVP of Global Services, graduated from K1’s proprietary year-long executive development course, the Advanced Management Program (“AMP”).
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“We appreciate K1’s support in helping us achieve significant growth and market penetration over the years,” said Jorge Martin, CEO of Certent. “Looking back, the journey exceeded all of my expectations. The investments K1 made in me personally and in our team and culture allowed us to build the category leader in equity and disclosure management. We are excited to join forces with insightsoftware and look forward to the next phase of the company’s evolution.”
Certent first appeared on Inc. Magazine’s Inc. 5000 list in 2013 and has remained on the list every year since then. Additionally, in October 2020, the company was ranked #1 in customer satisfaction and recognized as a market leader in G2 Crowd’s inaugural report for equity management software, further validating the company’s market presence.
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