CINC Systems is the largest provider of community association accounting and management software.
"As we navigated our way through rapid growth, the Spectrum team provided thought partnership, support, and smart questions that allowed us to focus on what’s most important. They're easy to access, quick to understand a new situation, and thoughtful in jointly developing a plan."
Ryan Davis, CEO of CINC Systems1
Sector
Status
Current
Headquarters
CEO
Founder(s)
Bill Blanton
Partnership Year
2020
The CINC Story
CINC Systems was founded in 2005 by Bill Blanton, a third-generation banker and real estate expert who saw a critical gap in the homeowners association landscape. By taking community association management to a cloud-based, dedicated solution, CINC has simplified community management, and elevated association living.
In 2020, CINC partnered with Spectrum as their first institutional investor to support product innovation and expand its sales and marketing efforts. Since the investment, CINC has scaled revenue substantially, while making significant investments in its product – recruiting key talent across their c-suite, and more than doubling their full-time headcount. The company has also built out its go-to-market process, expanded their customer success team, launched VendorPay, and upgraded their tech stack.
Today, CINC is the largest solution dedicated to the community association management industry, processing over $7.8 billion in payments annually. The platform is used by over 600 association management companies, serving over 37,000 homeowners associations and over 4,400,000 homeowners.
- Statements made herein by current or former employees of Spectrum Equity portfolio companies for which no compensation was paid. Spectrum may have the ability to exercise discretion on portfolio company employee compensation, promotion and other employment decisions and certain portfolio company executives may also be investors in Spectrum Equity funds.
"As we navigated our way through rapid growth, the Spectrum team provided thought partnership, support, and smart questions that allowed us to focus on what’s most important. They're easy to access, quick to understand a new situation, and thoughtful in jointly developing a plan."
Ryan Davis, CEO of CINC Systems1
Insights and News
CINC Systems Bolsters Leadership Amid Record-Breaking Growth
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Spectrum Continues Partnership with CINC; Hg Joins as Strategic Investor
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CINC Systems Announces the Launch of TresRE
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CINC Systems Announces Partnership with SmartProperty’s Living Reserve Study™
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CINC Systems Receives Growth Investment from Spectrum Equity and Announces New Senior Executives
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