SMS Assist, a Chicago, IL-based mobile and cloud-based multisite property management company, raised $45m in funding.
The round was led by Insight Venture Partners. Insight’s Managing Director Ryan Hinkle will join the SMS Assist board of directors.
The capital will allow SMS Assist to accelerate investment in technology and people, continue to grow operations and enter new markets.
Led by Michael Rothman, chief executive officer, SMS Assist provides a cloud-based multisite property management platform that delivers a fully-outsourced business solution for national and Fortune 500 companies including Family Dollar (NYSE: FDO), CBRE (NYSE: CBG), O’Reilly Automotive, Inc. (NASDAQ: ORLY) and Colony Capital (NYSE: CLNY).
The company manages a network of more than 20,000 certified affiliate subcontractors providing maintenance services to more than 90,000 client locations.
SMS now employs more than 400 people from its headquarters in Chicago.