$45M investment in SMS Assist
Insight Venture Partners invested 45 million dollars in SMS Assist, a multisite property management company. The startup company is approaching 100.000 locations served and saving tens of millions of dollars for its customers. 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 companies, including Family Dollar, CBRE, O’Reilly Automotive, Colony Capital etc.
Today, SMS Assist manages a network of more than 20.000 certified 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 client’s property maintenance costs while simultaneously improving service quality and speed of delivery.