DENVER--(BUSINESS WIRE)--Community Investors, Inc. (“CII”), a leading provider of SaaS solutions for property managers, residential homeowner associations (“HOAs”) and homebuilders, has completed its acquisition of Compendia, Inc. (“Compendia”), an Escondido, CA based company.
Compendia, established in 1999, is a leading provider of homeowner and community web portals and manuals primarily serving both single family and multi-family homebuilder markets.
Compendia’s solutions enable its clients to reduce customer service costs and streamline operations while simultaneously managing risk, ensuring compliance and improving overall client satisfaction. Together, Compendia and CII now serve 6 of the top 10 national homebuilders.
“Risk management is more critical for homebuilders today than it has ever been before,” said Tim Vollman, Chief Executive Officer of Community Investors. “Compendia’s web tools, homeowner manuals and maintenance reminders are a highly effective risk management tool for both residents and HOA Management. We’re delighted to add this best-in-class organization and outstanding team to CII and look forward to investing in and improving our combined solution set to better serve our clients in the future.”
Compendia will operate as a subsidiary of CII and leverage the platform’s commitment to integrated leading technology and future product development.
About Community Investors, Inc.:
Community Investors is a leading national provider of SaaS solutions to the property management, HOA and homebuilder and real estate broker markets. The Company’s products are sold across the lifecycle of an HOA community, beginning with the residential construction phase, during the sales process, and ultimately on a go forward basis through property management and community interaction solutions. CII provides a true end to end SaaS solution to property managers and HOAs, enabling its clients to run more profitable and competitive businesses. The Company is headquartered in Denver, CO with offices in Irvine, CA. For more information please visit: http://www.communityinvestorsinc.com/
Community Investors, Inc. is a portfolio company of CIP Capital (http://www.cip-capital.com/).