Williams, a global investment bank specializing in M&A advisory
services, announces that it advised FRONTSTEPS, a portfolio company of
CIP Capital, on its strategic investment in Caliber Software (Caliber).
FRONTSTEPS is an industry leading SaaS platform serving single-family
and condo high-rise associations with unified property management,
resident portals, accounting, payments and security solutions. The
transaction was led by Mike
Titterington and Gunnar Shaw of Harris Williams’ Technology,
Media & Telecom (TMT) Group.
“FRONTSTEPS’ end-to-end, market leading real-estate SaaS platform and
comprehensive suite of property management solutions provide immense
value to its customers,” said Mike Wilkins, a managing director at
Harris Williams. “The highly strategic investment in Caliber greatly
enhances the FRONTSTEPS platform by adding accounting capabilities and
creating a single platform for the association community management
industry. We are excited about the opportunity ahead for the business.”
“Under the leadership of CEO Jamie Clymer and with the backing of CIP
Capital, FRONTSTEPS has become a clear market leader within property
management software,” added Erik Szyndlar, a director at Harris
Williams. “We are proud to have worked with an exceptional management
team on this transaction and are excited to see the combined company
continue to grow and innovate across the broader real-estate technology
FRONTSTEPS’ mission is to design and deliver technologies that simplify
how people build, connect, operate and secure modern communities.
FRONTSTEPS serves over 17,000 residential communities with its industry
leading community management and security software offering in-app
payments, resident self-service, visitor management, communication tools
and more. Combined with Caliber, the company now serves over 34,000
CIP Capital is a New York-based private equity firm focused on investing
in growth-oriented, middle market companies across the business
information and technology-enabled services sectors in North America.
The fund seeks to invest in proven, profitable businesses that provide
their customer bases with critical information, data-driven insights and
value-added outsourced services. CIP Capital targets investments in
sectors including tech-enabled business services, data-driven marketing
services, human capital management and knowledge services.
Serving thousands of housing and condominium associations, Caliber is an
accounting system built by software professionals who know how to
deliver and support feature-rich, scalable and architecturally-sound
software solutions into the public domain.
Williams, an investment bank specializing in M&A advisory services,
advocates for sellers and buyers of companies worldwide through critical
milestones and provides thoughtful advice during the lives of their
businesses. By collaborating as one firm across Industry Groups and
geographies, the firm helps its clients achieve outcomes that support
their objectives and strategically create value. Harris Williams is
committed to execution excellence and to building enduring, valued
relationships that are based on mutual trust. Harris Williams is a
subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).
Harris Williams’ TMT Group advises leading private and public companies,
entrepreneurs, private equity firms and venture capital firms on mergers
and acquisitions and capital-raising transactions worldwide. The TMT
Group has deep domain expertise in the Software/SaaS and Internet &
Digital Media segments, with particular emphasis on specific verticals
including education technology, data analytics, energy technology,
fintech, public sector, and supply chain/logistics—with a dedicated
healthcare technology (HCIT) practice. Across verticals, the firm also
advises technology services and networking solutions businesses. For
more information on the TMT Group and its recent transactions, visit the TMT
Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of FINRA
and SIPC. Harris Williams & Co. Ltd is a private limited company
incorporated under English law with its registered office at 5th Floor,
6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar
of Companies for England and Wales (registration number 07078852).
Harris Williams & Co. Ltd is authorized and regulated by the Financial
Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH
is registered in the commercial register of the local court of Frankfurt
am Main, Germany, under HRB 107540. The registered address is
Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email
Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No.
awaited). Harris Williams is a trade name under which Harris Williams
LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate
Finance Advisors GmbH conduct business.
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