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Chicago — June 7, 2016 — SMS Assist, an innovative mobile and cloud-based multisite property management company, announced that it has raised $150 million in Series D funding from Goldman Sachs Investment Partners. Prior investors in SMS Assist include Insight Venture Partners and Pritzker Group Venture Capital.
SMS Assist offers property owners a cloud-based technology platform and a network of more than 20,000 subcontracted affiliates and an estimated 500,000 technicians to address the maintenance and management needs in their 120,000-location portfolio.
The company’s advanced technology platform integrates customer, subcontractor, and SMS Assist operations, eliminating unnecessary steps in the maintenance workflow and allowing clients to reduce costs and improve service, quality, and overall customer experience.
“SMS Assist’s continued, rapid growth into new markets proves how our technology is bringing savings and profitability to our customers and affiliates. Partnering with Goldman Sachs Investment Partners at this stage opens up extensive possibilities for our technology and fully-managed business solution,” said Michael Rothman, chairman and CEO, SMS Assist. “This investment allows SMS Assist to continue developing our technology and capabilities as we move closer towards our goal of servicing 1 million unique locations.”
With its proprietary, cloud-based platform and fully-managed business solution, SMS Assist is revolutionizing multi-site property management for a growing list of national and Fortune 500 companies including Family Dollar, JPMorgan Chase, Jones Lang LaSalle, O'Reilly Automotive, Inc., and Colony Starwood Homes.
“SMS Assist is at the forefront of the next wave of innovation, fundamentally transforming the $50 billion maintenance and management market with its disruptive technology platform while delivering real value and cost savings for its customers,” said J.B. Pritzker, Pritzker Group managing partner.
SMS Assist is a Chicago-based technology company providing multisite property management to a roster of clients with more than 120,000 service locations. Using its proprietary software platform to manage its network of more than 20,000 affiliate subcontractors, SMS Assist offers a suite of property management benefits including leveraged pricing of products and services, $30 million risk indemnification, real-time services validation, instant invoicing, automatic service audits and data analysis to ensure quality and cost efficiency. For more information, visit smsassist.com.