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K1 Completes Strategic Exit of GoCanvas to Nemetschek Group

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K1 Achieves $1.7B in Liquidity Since December 2023

MANHATTAN BEACH, Calif., July 3, 2024 /PRNewswire/ — K1 Investment Management (“K1”), one of the largest small-cap enterprise software investment firms, yesterday completed the sale of its portfolio company GoCanvas®. GoCanvas, a leading field worker collaboration software provider, was acquired by Nemetschek Group (FRA: NEM), a leading global provider of software solutions for the architecture, engineering, construction, operations (AEC/O) and media industries.

With this realization, K1 has generated a record $1.7B in proceeds from 9 distribution events over the past seven months

Following K1’s acquisition of GoCanvas in 2019, the company made substantial investments to drive customer-focused innovation and propel its growth trajectory, and revenue grew by close to 4x. During the partnership, K1 facilitated the strategic add-on acquisitions of DeviceMagic and SiteDocs, further enhancing GoCanvas’s market presence and product offerings, and solidifying its position as a category leader in field worker collaboration software. With strong annual recurring revenue (ARR) growth of approximately 20% in recent years, GoCanvas generated an ARR of USD $67 million in 2023.

The sale, which represents a milestone for both K1 and GoCanvas, culminates in an all-cash deal valued with an acquisition multiple of approximately 11.5x 2023 ARR. K1’s initial investment of over $100 million came from its fourth fund, K4, raised in 2018.

Sujit Banerjee, Managing Director at K1 Operations, commented on the strategic exit, emphasizing the pivotal role of management in GoCanvas’s success. “The sale of GoCanvas marks yet another highlight in K1’s ongoing commitment to building category leading enterprise software companies. We are proud to have partnered with Viyas Sundaram and the entire management team, whose dedication and leadership have been instrumental in GoCanvas’s transformation into a market leader.”

Viyas Sundaram, CEO of GoCanvas, expressed gratitude for K1’s support and guidance throughout the partnership. “I joined GoCanvas because I believed in K1’s strategic insights and operational expertise. Their unwavering commitment to our vision has been instrumental in our growth and success. Today is a testament to the power of the partnership between the entire GoCanvas team and K1. Together with Nemetschek, we are well-positioned to realize the potential of the platform we’ve built and embrace the opportunities ahead as we enter this next phase of expansion.”

The transaction highlights K1’s strategic vision and value creation initiatives during a period marked by heightened demand for private equity distributions. With this realization, K1 has generated a record $1.7B in proceeds from nine distribution events over the past seven months.   

Headquartered in Manhattan Beach, California, K1 is committed to building category leading enterprise software companies that transform industries and drive productivity. Some examples include Apttus (sold to Thoma Bravo), Buildium (sold to RealPage, NASDAQ: RP), Certent (sold to insightsoftware), Checkmarx (sold to Insight Partners and Hellman & Friedman), Clarizen (sold to Planview), FMG Suite (sold to Aurora Capital Partners), GoCanvas (sold to Nemetschek Group, FRA: NEM), Granicus (sold to Vista Equity Partners and Harvest Partners), Inthinc (sold to Orbcomm, NASDAQ: ORBC), Litera (sold to Hg Capital), Rave Mobile Safety (sold to TCV; now owned by Motorola Solutions, NYSE: MSI), TeamDynamix (sold to Level Equity), Unified (now owned by iHeartMedia), Workforce Software (sold to Insight Partners), and Zapproved (sold to Exterro).

Moelis & Company LLC served as the exclusive financial advisor to GoCanvas. Kirkland & Ellis LLP and Morris, Manning & Martin, LLP served as legal advisors.

About K1

K1 is one of the largest small-cap investment firms building category leaders in enterprise software. With a mission to change industry landscapes, K1 partners with strong management teams of high-growth software businesses, utilizing operationally focused growth strategies to rapidly scale portfolio companies. Since its inception, K1 has collaborated with over 240 enterprise software companies. K1’s exclusive focus, driven by its single team, single office, and single fund strategy, has led to realizations for many of its portfolio companies.

For more information, visit k1.com and follow K1 Investment Management on LinkedIn.

About GoCanvas

GoCanvas simplifies business automation, replacing outdated processes and paperwork with a mobile platform. Compatible with smartphones and tablets, it enables seamless information collection and sharing across organizations, offering real-time business insights. Customizable for any business, GoCanvas empowers workforces, enhances data value, and improves colleague connections and customer engagement.

About the Nemetschek Group

The Nemetschek Group is a globally leading provider of software for digital transformation in the AEC/O and media industries. Its intelligent software solutions cover the entire life cycle of construction and infrastructure projects and allow creatives to optimize their workflows. Customers can plan, construct, and manage buildings and infrastructure more efficiently and sustainably, and develop digital content such as visualizations, films, and computer games in a creative way. The software company drives new technologies and approaches such as artificial intelligence, digital twins, and open standards (OPEN BIM) in the AEC/O industries to increase productivity and sustainability. We are continuously expanding our portfolio, including through investments in disruptive start-ups. More than 7 million users are currently designing the world with the customer-focused solutions of our four segments. Founded by Prof. Georg Nemetschek in 1963, the Nemetschek Group today employs more than 3,400 experts.

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SOURCE K1 Investment Management

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Quote.com Announces New Senior Leadership Additions

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ST. PETERSBURG, Fla., April 22, 2026 /PRNewswire/ — Quote.com, a leading tech-enabled, omnichannel performance marketing organization, today announced the addition of two new executive team members to support the company’s continued growth and strategic expansion. Chase Nichols joins as Chief Marketing Officer and Ben Hochstetler as Senior Vice President of Marketing.

Quote.com announced the addition of two new executive team members, Chase Nichols and Ben Hochstetler.

The appointments strengthen Quote.com’s leadership team as the company continues to invest in execution, growth, and expanding its ability to help consumers access insurance solutions more easily and efficiently. “We are excited to welcome Chase and Ben to the Quote.com leadership team,” said Nick Stommes, Chief Executive Officer at Quote.com. “Both bring deep industry expertise, experienced execution capability, and a strong focus on operational excellence that will help accelerate our growth while improving how consumers access and compare insurance options. Their leadership will play a critical role at Quote.com as we continue scaling our platform and strengthening our partnerships.”

Chase Nichols joins Quote.com as Chief Marketing Officer; Chase is responsible for all performance marketing planning, organization, and execution, and is focused on driving efficient, measurable consumer touchpoints. With nearly two decades of experience in financial services and performance marketing environments, he brings a data-first approach to scaling growth while balancing brand development and direct-response marketing.

Ben Hochstetler joins as Senior Vice President of Marketing, leading digital marketing strategy and execution across Quote.com’s omnichannel performance marketing footprint. He brings more than 15 years of experience building and scaling performance marketing execution in highly competitive and regulated markets.

About Quote.com

Quote.com is a tech-enabled omnichannel performance marketing organization that delivers high-quality, mission-critical demand at scale to industry-leading partners. The company serves customers across multiple insurance verticals, including auto, home, life, and Medicare insurance. Quote.com provides significant value to consumers by providing an independent, third-party comparison-shopping experience.

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SOURCE Quote.com

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Young Voices Across Oceans: Telling China’s Story Fiji Special Showcases GDI Achievements

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SHENZHEN, China, April 22, 2026 /PRNewswire/ — This year marks the 5th anniversary of the Global Development Initiative (GDI). Shenzhen Media Group’s “Telling China’s Story” program presents a special Fiji season, taking the perspective of young Chinese people to the Pacific island nation of Fiji. It documents the implementation of numerous cooperative projects which are smaller in scale but well-designed, showcasing the heartwarming stories and broad prospects of China and Fiji working together to promote common development and share the fruits of cooperation, vividly illustrating the practical achievements of the GDI.

 

The program will air from April 20th to 22nd, 2026. The first episode features Chinese actor Zhao Xiaotong, food blogger Yang Beichuan, and Wu Dongwei, a doctoral student at China Agricultural University, who visit the China-Fiji Juncao Technology Demonstration Center in Nadi, Fiji, to explore how this “Happiness Juncao” from China has taken root and grown in the South Pacific island nation, benefiting people’s livelihoods.

This “Happiness Juncao” has yielded “win-win results” in Fiji, bringing tangible changes to local families. Internet technology engineer Ashmir not only gained a stable income by learning Juncao (a type of grass cultivation) to grow mushrooms, but also successfully paid off his car loan.

During this filming, a “Mushroom Team” of young Chinese people joined Ashmir in a Fijian market to promote mushroom dishes and introduce locals to various new ways to enjoy mushrooms. The humble mushroom became a bond of friendship across mountains and seas, conveying the warm sentiments of mutual understanding between the Chinese and Fijian people amidst the bustling market atmosphere.

 

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SOURCE Shenzhen Media Group

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Laminar Wins Gold 2026 Edison Award for Physical AI that Powers the Self-Driving Factory

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Top honor recognizes Laminar’s innovation and transformation in the CPG manufacturing industry

BOSTON, April 22, 2026 /CNW/ — Laminar, a physical AI solution helping the world’s leading manufacturers run more productive and sustainable factories, announced that it received a Gold 2026 Edison Award in the Manufacturing & Logistics category. The award recognizes Laminar for enabling food and beverage manufacturers to unlock new levels of productivity and sustainability through innovation – running faster production lines while cutting water, chemicals, and downtime.

“Laminar is leading the way CPG manufacturers implement physical AI on the factory floor with first-of-their-kind self-driving processes,” said Annie Lu, Laminar Chief Executive Officer and Co-Founder. “Our patented spectral sensors and complete library of ML models enable a new, transformative approach to closed-loop automation, making the goal of the self-driving factory achievable today. We are honored the Edison Awards recognized our commitment to building a new category of technology and reshaping the future of manufacturing.”

Laminar’s physical AI transforms operations by enabling CPG manufacturers to transition from manual, timer-based operations to self-driving. Deployed across six continents for Coca-Cola, AB InBev, Danone, and Unilever, Laminar delivers measurable sustainability and profitability gains from the same investment. Laminar’s self-driving processes include:

Self-Driving Clean-in-PlaceSelf-Driving Product ChangeoverSelf-Driving Batch OptimizationSelf-Driving Quality ControlAnd more

The Edison Awards, established in 1987 and named in honor of inventor Thomas Edison, celebrates game-changing innovation across industries worldwide. Drawing a global community of innovators across 60+ countries, the Edison Awards elevate solutions that reimagine our future.

Recognition for Laminar’s Innovation

Headquartered at Greentown Labs in Somerville, MA – North America’s leading cleantech incubator – Laminar is a woman-founded startup backed by top-tier investors, including Greycroft, Construct Capital, 2048 Ventures, and Flybridge Capital.

Recognized for its innovation and impact, Laminar received AB InBev’s 2024 Cheers Award for outstanding startup partnership and was named Unilever’s 2023 Supplier Startup of the Year. Laminar’s solution is also deployed in World Economic Forum Lighthouse factories recognized for their leadership in cutting-edge technology.

About Laminar

Laminar’s physical AI helps the world’s leading manufacturers run self-driving factories with more sustainable, efficient operations. Our patented spectral sensors and complete library of ML models transform manual operations into self-driving processes that cut water, chemicals, and downtime in real-time. Deployed in factories across six continents and trusted by global leaders like AB InBev, Coca-Cola, and Unilever, Laminar is building a new category of physical AI that will power the future of process manufacturing. Learn more at runlaminar.com

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SOURCE Laminar

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