K1 Investment Management to Sell Subsplash to Roper Technologies in Strategic Acquisition

K1 Investment Management to Sell Subsplash to Roper Technologies

In a significant move within the technology investment landscape, K1 Investment Management, LLC, a prominent player in the small-cap enterprise software sector, has announced that its portfolio company Subsplash has reached a definitive agreement to be acquired by Roper Technologies, Inc. (NASDAQ: ROP), a distinguished member of the S&P 500 index. This transaction not only highlights K1's strategic direction but also marks its third exit to a publicly traded company within the last year, showcasing the firm's robust investment strategy.

Founded in Seattle by Tim Turner, Subsplash is recognized as a leading AI-powered engagement platform tailored for mission-driven organizations. The platform combines a comprehensive suite of AI functionalities, mobile applications, media distribution, digital donations, group messaging, and church management tools, serving over 20,000 faith-based organizations globally. This acquisition aligns well with Roper’s focus on innovative software solutions, enhancing its portfolio while continuing to elevate the services provided by Subsplash.

K1's journey with Subsplash began in 2019, and during this time, the company has remarkably scaled its product offerings, market strategies, and revenue streams—achieving an astonishing sevenfold expansion in annual recurring revenue (ARR) since K1's investment. This success illustrates how K1 has adeptly fostered the growth of Subsplash, positioning it as a leader within its category. The inclusive AI-driven platform fosters community engagement by integrating various functionalities, essential for churches and similar organizations looking to connect better with their audiences.

George Mansour, Partner at K1, reflected on the significance of this exit, emphasizing the firm's commitment to supporting founder-led companies in scaling their operations. “Subsplash is a prime example of what's possible with the right mix of mission, market, and management,” he stated. He further highlighted that, even in a challenging economic climate where liquidity is constrained, the strength of Subsplash’s operations and business model has facilitated this successful transition.

Tim Turner, CEO of Subsplash, expressed his gratitude towards K1 for their invaluable support throughout the partnership. He remarked, “K1 was an invaluable partner on this journey. They brought deep domain knowledge and strategic clarity to the table.” Turner is optimistic about joining Roper, stating that the alignment between their long-term goals would allow Subsplash to innovate further and serve its customer base more effectively.

This landmark sale to Roper Technologies is K1's fifth exit to strategic buyers and its third announced realization in just 2025, against the backdrop of broader market conditions. This series of successful dealings includes the recent sales of Irwin to FactSet and GoCanvas to Nemetschek Group, showcasing K1's ability to navigate the complexities of the investment landscape skillfully. Notably, this deal was curated without the involvement of investment bankers, as K1's internal business development team successfully sourced it, further underscoring their strong relationships with strategic buyers.

About Subsplash

Subsplash has established itself as a leader in SaaS, fintech, and AI, boasting an award-winning digital engagement platform used by over 20,000 churches and ministries worldwide. Dedicated to aiding mission-driven organizations, Subsplash focuses on providing centralized, easy-to-manage systems that facilitate improved audience engagement. As the creators of the Ultimate Engagement Platform™, their innovation encompasses custom mobile apps, AI functionalities, live streaming, and comprehensive church management tools aimed at delivering a delightful user experience.

For more information about Subsplash and its offerings, visit their website at www.subsplash.com.

About K1

K1 is one of the foremost investors in the small-cap enterprise software sector. Focused on transforming lives and industries, K1 collaborates with high-performing B2B software management teams to drive growth through operationally focused strategies. Since its inception, K1 has invested in over 250 companies, successfully realizing numerous exits such as Apttus and Axcient, reinforcing its reputation as an industry leader in enterprise software investment. For further insights and updates, visit k1.com or follow K1 Investment Management on LinkedIn.