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CINC Systems Receives Growth Investment from Spectrum Equity and Announces New Senior Executives

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CINC Systems, the largest provider of SaaS solutions for the community association industry, announced that it has received a growth investment from Spectrum Equity, bolstered its executive team and launched an investment fund to support its customers’ growth.

The investment from Spectrum Equity, a leading growth equity firm investing in internet-enabled software and information services companies, will support CINC Systems’ product innovation and expand its sales and marketing efforts. Spectrum is CINC’s first institutional investor.

CINC Systems serves approximately 16,000 of the estimated 350,000 HOAs in the U.S. CINC-served communities total nearly 2 million homes. About 25% of the American population lives in a community association and more than 60% of new housing built for sale is within associations. CINC Systems has clients in 26 states and, through its 18-bank partner relationships, in more than 100 partner banking branch locations.

Ryan Davis, a seasoned technology executive with experience delivering growth solutions to small- and medium-sized businesses, joins CINC Systems as Chief Executive Officer. Ryan joins from RentPath, where he was Chief Product and Marketing Officer and oversaw the multifamily real estate marketplace’s expansion into multiple new business lines. He’s a former Weather Channel executive and McKinsey & Co. consultant.

“CINC has grown tremendously in recent years because of its technology, institutional knowledge and customer service,” Davis said. “We will continue the company’s rapid growth, while strengthening our banking partnerships and telling our story to the many property management companies who don’t yet know how CINC can help them grow and position them for long-term success.”

Shea Dittrich, most recently of Nexus and the former Vice President of Marketing for CoStar Group, joins CINC System as Senior Vice President of Sales and Marketing. Former CEO Robert McCullar will remain on the executive team as Chief Operating Officer.

“No other solution closes the gap between banking and accounting like CINC. The resulting efficiency and scalability, when combined with our management platform, are transformational for our customers,” said CINC Systems Founder and Chairman Bill Blanton. “We’re excited to partner with Spectrum Equity and benefit from its deep expertise in growing SaaS businesses, as well as domain knowledge of both fintech and real estate software. With strengthened resources and an expanded leadership team, we are better positioned to drive future growth and continued innovation.”

CINC Systems has designed and developed products from the ground up, specifically to serve the needs of association management companies. This approach combines association accounting and management solutions into a single software program that provides CINC clients with association management systems, cloud accounting, and integrated banking options—all in one place. The intuitive product suite has resulted in a loyal client base with strong growth and customer retention.

“Ultimately, clients serve as the foundation for all of CINC Systems’ business initiatives,” said Mike Farrell, Managing Director at Spectrum Equity. “The company’s earliest clients provided it with the feedback and collaboration to develop software that solved their specific challenges. Since then, CINC Systems’ client base has continued to be a critical source of new product ideas. We are thrilled to support the team as the market opportunity for CINC and its customers only continues to grow.”

As another mechanism to enable the growth of community association management companies seeking to expand, Blanton announced this week the public launch of a sister company, CINC Capital. The fund, created by Blanton, includes a portion of the proceeds from Spectrum Equity’s investment in CINC Systems, provides capital and strategic counsel for community association management companies to acquire other small- to medium-sized community association management companies across the United States.

CINC Capital has a unique blend of community association and banking expertise. It expects to fund 15 to 20 transactions a year and has already completed several before its public unveiling this week.

In conjunction with Spectrum Equity’s investment, Mike Farrell of Spectrum Equity has joined CINC Systems’ board of directors. Also joining are Robert Petrie and Chris Trower. Petrie is the CEO of Origami Risk and an industry veteran with more than 20 years of operating experience. Trower is the founder of Electric Law and has more than 40 years of experience as counsel to companies and as an operator and board member.

Financial terms of the transaction were not disclosed.

 

SOURCE CINC Systems

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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.

Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.

“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”

“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”

For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  

About ICIS

ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.

Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.

ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.

About RELX

RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.

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Bybit Web3 Announces “Mantle Sharding With Ethena” Campaign

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DUBAI, UAE, March 28, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, is thrilled to announce a campaign in collaboration with Mantle Network: Mantle Sharding With Ethena. This exciting event offers $MNT holders the opportunity to earn a share of a massive 2.5 billion Ethena Shards.

Lock In $MNT and Earn mShards

The official lock-in period for the Mantle Sharding With Ethena campaign runs from March 27, 2024, 10:00 AM UTC to April 26, 2024, 10:00 AM UTC. During this time, Bybit Web3 users can lock in their $MNT tokens to earn coveted mShards. These mShards, fully backed by the Mantle Treasury, can be later redeemed for Ethena’s native token, $ENA.

Maximize Your Rewards and Trade mShards Across DeFi dApps

For maximum reward potential, users are encouraged to keep their $MNT locked throughout the entire campaign period. Rewards are dynamically calculated and updated in real-time based on the total amount of $MNT locked per second by all participants.

Bybit Web3 is proud to be the first ecosystem to enable the trading of Ethena Shards in the form of mShards across various DeFi dApps. This integration marks a significant milestone for Mantle Ecosystem, paving the way for further exciting developments.

Don’t miss this opportunity to earn substantial rewards and contribute to the growth of the Mantle and Ethena ecosystems. For full details and participation instructions, please visit:

https://announcements.bybit.com/en/article/limited-time-offer-lock-in-mnt-and-grab-your-share-of-2-500-000-000-ethena-shards–blt66c8da8bd86d0910/

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting. 

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 25 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit, please visit Bybit Web3.

About Bybit

Bybit is one of the world’s top three crypto exchanges by trading volume with 25 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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Banxso Innovates Financial Freedom with Liquid Interest Rates and Dual Investment Channels

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CAPE TOWN, South Africa, March 28, 2024 /PRNewswire/ — In an unprecedented move within the financial sector, Banxso, a pioneering online trading platform, has announced the launch of its innovative financial product offering consumers unparalleled flexibility with their investments. The platform is set to revolutionize the way South Africans manage their money by offering liquid interest rates on deposits coupled with the unique ability to invest in a diverse array of products.

With an attractive interest rate of 8.7% on client deposits, Banxso is not only positioning itself as a competitive player in the financial services industry but is also redefining investment flexibility. This interest will be directly deposited into clients’ trading accounts, allowing them to further leverage their earnings in the trading market.

A New Era of Financial Flexibility

What sets Banxso apart is the liquidity of its investment model. Clients have the freedom to access their funds at any time, breaking the traditional barriers that often lock investors into fixed terms. This fluid approach to financial management ensures that clients can respond to market changes swiftly, without the constraints of their investments being tied up.

Moreover, Banxso introduces a groundbreaking dual investment channel, enabling clients to simultaneously earn interest on their deposits while actively trading with the same funds. This innovative feature allows clients to maximize their financial potential without having to choose between earning a passive income through interest rates and engaging in active trading.

Empowering Investors with Choice and Control

“Banxso is dedicated to empowering our clients with more control over their financial future,” said Manuel De Andrade – COO of Banxso. “Our unique offering signifies a shift towards more dynamic and flexible financial planning, where our clients don’t have to compromise on their investment strategy. With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

This dual investment approach implies that clients no longer need to navigate the often-difficult choice between securing high interest rates on savings and participating in the potentially lucrative trading market. Banxso’s model is designed to facilitate financial growth and flexibility, making it an attractive option for both seasoned investors and those new to the trading scene.

Setting the Stage for Financial Innovation

Banxso’s innovative financial model is poised to set a new standard in the industry, offering a holistic approach to investment that caters to the diverse needs of today’s investors. By integrating competitive interest rates with a flexible trading system, Banxso is not just a platform for investment; it’s a partner in financial growth.

As Banxso rolls out this unique service, the platform is ready to welcome clients seeking to maximize their investment potential in a flexible and dynamic environment. With Banxso, financial freedom is not just a concept; it’s a reality.

About Banxso

Banxso is a cutting-edge online trading platform based in Cape Town, South Africa, designed to offer a comprehensive suite of financial services and products. With a focus on innovation, transparency, and customer empowerment, Banxso aims to redefine the online trading experience, providing clients with the tools and opportunities necessary to achieve their financial goals.

For more information on Banxso’s offerings and how to take advantage of the liquid interest rates and dual investment channels, visit banxso.com.

Media Contact details:
Manpreet Singh
[email protected]
+16465064978

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