SiteCompli Receives Strategic Investment from dmg :: information to Fuel Rapid Growth and Innovation

NEW YORK, Aug 4, 2014 /PRNewswire/ -- SiteCompli, the leading provider of compliance monitoring, reporting and alerting technology to New York City area property owners, managers, institutions and investors and dmg :: information (dmgi), the business to business information division of the Daily Mail and General Trust, today announced the completion of a strategic investment in SiteCompli. The financing will be used to continue SiteCompli's rapid growth and leading position as an essential information platform for real estate organizations.

dmgi invests in and develops a group of high-growth, innovative companies that provide high value B2B information and software services, including US-based companies Xceligent, EDR, Trepp, BuildFax, Real Capital Analytics (minority investment), Hobsons and Genscape and Landmark in the UK.

SiteCompli was founded in 2008 by Jason Griffith and Ross Goldenberg and has quickly become the industry standard technology solution used by New York City property owners and managers to stay on top of compliance issues including violations, fines, permits, equipment inspections, hearings and more.

"We are excited to partner with dmgi and its portfolio companies for this next chapter in SiteCompli's growth," said Jason Griffith, SiteCompli Co-Founder. "In just a few short years we've fundamentally changed the way commercial and multi-family buildings are managed and operated in one of the toughest markets on earth, yet we view our work as having only just begun." Co-Founder Ross Goldenberg adds, "Through the synergy created by this partnership, we look forward to bringing new insights and information to our clients and the real estate industry as a whole, ushering in an unprecedented era of transparency and risk mitigation into the sector."

"SiteCompli is an exceptional business led by a terrific team. It really delivers value to its customers on the operational side of the commercial real estate sector, cracking the code on marrying technology to big data and delivering impactful and critical insights that save its customers significant costs and provide them with decreased risk, efficiency gains and, ultimately, safer and better buildings," said Suresh Kavan, dmgi's CEO.

SiteCompli's dramatic growth has been driven by increasing demand from leading real estate organizations looking to maintain compliance with local laws. With regulations becoming more complex and a growing government focus on enforcement, SiteCompli enables its users to stay one step ahead of compliance challenges by delivering up to the minute alerts, reports and understanding of key developments before they become costly issues. SiteCompli monitors over 1 billion square feet of real estate in New York City, including over 60% of large office buildings and more than half a million residential apartment units.

Kavan concludes, "Our strategic investment in SiteCompli demonstrates our continued commitment to bringing increased transparency to the important real estate sector. Jason, Ross and the extraordinary team at SiteCompli have built a great business that delights their customers with innovative products and we look forward to supporting them as they continue to grow their business. In particular we believe that there are a number of benefits that our family of commercial real estate companies can bring to the Company's products and customers."

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. The online resource stays 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. By tracking the entire portfolio in one digital location, the service saves customers time and money and allows them to focus their efforts on solving issues rather than identifying them. SiteCompli helps its customers avoid fines and get their arms around the increasingly complex and high stakes regulatory environment. Founded in 2008 by Jason Griffith and Ross Goldenberg, SiteCompli monitors the portfolios of leading residential and commercial owners and managers in New York including FirstService Residential, Ditmas Management, Douglas Elliman Property Management, Langsam Property Services, Urban American, Jack Resnick & Sons, CBRE, Tishman Speyer, L&L Holding Company, Brookfield Properties, The Durst Organization and many, many others. For more information about SiteCompli, please visit www.sitecompli.com.

About dmg :: information
dmg :: information (dmgi) is a business division of DMGT that manages and develops a portfolio of high-growth, innovative companies that provide B2B information and workflow solutions and analytics to the property, education and energy & commodity markets. dmgi is  headquartered in Stamford, CT.

About DMGT
DMGT is an international business built on entrepreneurship and innovation.  DMGT brings together leading companies and talented people to provide businesses and consumers with high-quality analysis & insight, information, news and entertainment.

Contact:
For SiteCompli: Jason Griffith, Co-Founder, [email protected]
For dmgi: Erik Levy, VP Strategy and M&A, [email protected]

SOURCE SiteCompli

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