dmgi strengthens portfolio investment in SiteCompli

2014-08-22

The deal demonstrates our continued commitment to bringing increased transparency to the important New York City real estate sector.

Meeting the growing demand from leading real estate organisations looking to maintain compliance with local laws, the business will use SiteCompli to stay one step ahead by delivering up-to-the-minute information before it becomes a costly issue.

We invest in and develop groups of high-growth, innovative companies that provide high value B2B information and software services. This latest partnership will bolster the business’ existing product offering while enabling SiteCompli to continue its rapid growth and leading position as an essential information platform for real estate organisations.

Founded in 2008 by Jason Griffith and Ross Goldenberg, SiteCompli provides breakthrough technology that automatically and continuously updates and aggregates critical data for property owners and managers throughout New York City.

Commenting on the investment, our CEO, Suresh Kavan, said, “SiteCompli is an exceptional business led by a terrific team. It really delivers value to its customers on the operational side of the commercial real estate sector, cracking the code on marrying technology to big data and delivering impactful and critical insights that save its customers significant costs and provide them with decreased risk, efficiency gains and, ultimately, safer and better buildings.

“Jason, Ross and the extraordinary team at SiteCompli have built a great business that delights their customers with innovative products and we look forward to supporting them as they continue to grow their business. In particular we believe that there are a number of benefits that our family of commercial real estate companies can bring to the Company’s products and customers.”

Jason Griffith, SiteCompli Co-Founder, said, “We are excited to partner with dmgi and its portfolio companies for this next chapter in SiteCompli’s growth.” Co-Founder Ross Goldenberg adds, “Through the synergy created by this partnership, we look forward to bringing new insights and information to our clients and the real estate industry as a whole, ushering in an unprecedented era of transparency and risk mitigation into the sector.”