K1 Investment Management Acquires Majority Stake in Certify and Chrome River
March 5, 2019
K1 Investment Management will acquire a majority stake in Certify and Chrome River Technologies in a transaction valued at over $1 billion, combining the two leading travel, expense, and invoice management software businesses. The combined organization will operate with separate management teams while coordinating product investments to deliver a more comprehensive, cloud-based expense and invoice automation suite for customers across SMB and enterprise segments.
- Buyers
- K1 Investment Management
- Targets
- Certify, Chrome River Technologies
- Sellers
- Founders of Certify and Chrome River, Bain Capital Ventures
- Industry
- Cloud & SaaS
- Location
- United States
- Transaction Type
- Buyout
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