BREAKING: Portland's Certify acquired in $100M deal

Portland's Certify acquired in $100M deal

Certify LLC, the Portland company founded in 2008 that offers cloud-based expense management software, has been acquired by K1 Investment Management, a Los Angeles-based private equity firm, in a deal worth $100 million.

The deal, described as a "majority recapitalization," means K1 is now majority shareholder of the company, though the company's co-founders, CEO Bob Neveu and CTO Alan Neveu, remain minority shareholders and will remain in their respective positions. The deal is not expected to negatively impact the company's roughly 90 employees in Portland. 

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