SiteCompli Announces Acquisition of EMPOWER

Acquisition boosts SiteCompli's industry-leading suite of high impact compliance solutions with enhanced workflow tools, mobile technology, expanded data monitoring and analytics capabilities

Jul 07, 2015, 09:00 ET from SiteCompli

NEW YORK, July 7, 2015 /PRNewswire/ -- SiteCompli, the leading provider of compliance monitoring, reporting and alerting software to New York City area property owners, managers, tenants, institutions and investors, announced today that it has acquired EMPOWER, an influential NYC-based technology company that provides pioneering compliance-related tools and workflow solutions to the real estate industry.

"SiteCompli's acquisition of EMPOWER is a defining moment in NYC real estate and it represents a critical step in our future expansion. Across the country and around the globe, compliance has never been tougher for real estate organizations," said Ross Goldenberg, Co-Founder and Co-CEO of SiteCompli. "When we started this journey in 2008, compliance management was an offline process, even at the most sophisticated firms. Today, using SiteCompli solutions to track compliance and reduce cost and risk has become an indispensable best practice for nearly every major real estate player in the market.  This acquisition demonstrates our leadership position as the industry standard compliance solution for the market going forward, in both New York and beyond." 

Combined, SiteCompli and EMPOWER's client base of New York City real estate organizations spans over 1.5B square feet, including the largest and most influential owners and managers in the City.  SiteCompli's deep commercial client list now includes SL Green, Tishman Speyer, The Durst Organization, Brookfield Properties, Vornado Realty Trust, Jack Resnick & Sons, Cushman & Wakefield, CBRE, Jones Lang LaSalle, Boston Properties, and Paramount, and residential clients include FirstService Residential, The Related Companies, Douglas Elliman Property Management, Langsam Property Services, Ditmas Management, Jack Resnick & Sons, Wavecrest Management, Stonehenge and Charles H. Greenthal.

"While the adoption of technology on the transactional side of the market has received the lion's share of attention, in just a few years, SiteCompli has quietly revolutionized the way major real estate organizations operate their assets on a day-to day basis," explains SiteCompli Co-Founder and Co-CEO, Jason Griffith. "This acquisition reflects SiteCompli's continued focus on mitigating risk, saving time and reducing fines and violations in an unprecedented regulatory environment.  With innovative compliance tracking, powerful workflow tools and a talented team with deep industry and tech expertise, EMPOWER perfectly complements SiteCompli's core capabilities of deep technical knowledge, industry leading service and support and unprecedented research and data science capabilities."

"This is an extremely exciting moment in the history of EMPOWER" said Jack Wurtzel, Co-Founder of EMPOWER and now VP of Product Innovation at SiteCompli. "In SiteCompli, we've found an incredible partner who shares our vision and passion for the future of property and compliance data. Working together will accelerate our ability to deliver on that vision, for our clients and for the entire real estate industry."

The integration of the two companies will provide significant benefits to the NYC real estate market in the form of new compliance data, breakthrough analytics and reporting and enhanced workflow and mobile tools, while also positioning SiteCompli to fulfill a broader need for critical compliance in new markets and sectors.

"As a tech company, we have always kept a sharp focus on the development of innovative tools and practical solutions. The incredible technology and support organization that SiteCompli has built completely complements those inventions," said Dave Gross, Co-Founder of EMPOWER and now VP of Software Engineering at SiteCompli, "We're thrilled to be able to combine our strengths and bring best-in-class compliance solutions to our customers, the most demanding real estate organizations in the industry."

About SiteCompli
SiteCompli provides breakthrough technology that automatically and continuously updates and aggregates critical data on violations, complaints, inspections, fines, hearings, jobs, and permits for property owners and managers throughout New York City, helping them stay ahead of compliance issues from the city's key agencies including the DOB, ECB, HPD, DEP, DSNY, FDNY, among others. SiteCompli efficiently tracks and notifies customers of compliance issues through timely alerts and analysis, saving customers time and money, and allowing them to focus their efforts on solving issues rather than identifying them.

In July 2014, SiteCompli received a strategic investment from DMG :: Information (dmgi) the business to business information division of the Daily Mail and General Trust. The financing is and continues to be utilized to further SiteCompli's rapid growth as an essential information platform for leading real estate organizations. dmgi invests in and develops a portfolio of highgrowth, innovative companies that provide crucial information based services.

For more information about SiteCompli, please visit www.sitecompli.com.

For more information about dmgi, please visit www.dmginfo.com

Contact:
For SiteCompli: Jason Griffith, Co-Founder, pr@sitecompli.com

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SOURCE SiteCompli



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