Condo Control Central Secures Growth Equity Investment from Klass Capital

TORONTO, Feb. 5, 2015 /CNW/ - Condo Control Central, a leading provider of cloud-based communication and management systems for condominiums, is pleased to announce that it has secured a growth equity investment from Klass Capital.

Condo Control Central will use the funds to grow its team, as well as to continue to develop and expand its online system for condominiums.  Since launching the platform in 2012, the Company has gained significant sales traction.  Major property management and security companies, as well as condominium developers, are rapidly adopting the software in their buildings.

The condo industry presents a massive, virtually untapped opportunity for Condo Control Central. "This funding will allow us to ramp up our sales and marketing activities, as well as continue to expand and improve our product based on client feedback," said Brian Bosscher, President and Founder of Condo Control Central.

Condo Control Central enhances the experience for both condo managers and residents by automating manual, laborious tasks such as visitor parking, amenity booking, and package tracking. "We are impressed with how intuitive, and easy-to-use the software is and believe it will set the new standard for condo management," commented Daniel Klass, President of Klass Capital.

"This round of financing demonstrates that the investment community recognizes the value our platform brings to condominiums, as well as the potential for the company's growth. We are more determined than ever to become the market leader in the condominium software vertical," added Brian.

"We are very excited about Condo Control Central's vision and look forward to supporting the business as it expands. Brian is an experienced technologist with deep knowledge of the condo market, and culturally, he is a great fit with the Klass family of companies," said Daniel.  Klass' portfolio consists of 15 high-growth enterprise SaaS businesses.

About Condo Control Central

Founded in 2008 in Toronto, Condo Control Central is the developer of the popular Condo Control Central cloud-based platform for condominiums. Their product is known for its ability to manage communication and operations for condos of all sizes.  Condo Control Central is a Canadian company based in Toronto.

The company's mission is to provide every condominium unit owner, property manager and board member in North America with the most cost effective, efficient and user-friendly communication and management platform available on the market today.  For more information about Condo Control Central, visit its website at www.condocontrolcentral.com.

About Klass Capital

Klass is a growth equity firm established to provide expansion stage capital to high growth enterprise software businesses. The company's target equity investment size is between $1 million and $20 million. Klass moves quickly, has a collaborative approach, and strongly believes in adding value to its partners. Klass has built a portfolio of 15 high growth enterprise software businesses. For more information about Klass, visit its website at www.klass.com.

SOURCE Condo Control Central

Wayne Smith, 888-762-6636 x 705 or [email protected]