WASHINGTON (dpa-AFX) - K1 Investment Management, LLC , one of the largest investors in small-cap enterprise software, announced that its portfolio company, Subsplash, has reached a definitive agreement to be acquired by Roper Technologies, Inc. (ROP). The transaction is expected to close in the near term, and marks K1's third exit to a publicly traded strategic buyer in the past year.
Subsplash, started in Seattle by CEO Tim Turner, is a top platform that uses artificial intelligence to help mission-focused groups. It offers tools like mobile apps, media sharing, online donations, group chats, and church management features.
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