AUSTIN, TX – November 11, 2021 – Greenridge Growth Partners (“Greenridge”), an Austin, Texas-based private equity firm, today announced an investment in NetVendor (“NetVendor” or the “Company”), a leading provider of vendor management and compliance monitoring software to property managers in the United States. With this investment, Greenridge’s Ben Moss and Jack Cardwell have joined the NetVendor board.
Founded in 2011, NetVendor’s suite of software tools and services helps property management companies efficiently navigate vast, geographically distributed vendor networks and complex site-level compliance requirements while ensuring that vendors experience a seamless onboarding experience. In the past several years, the Company has experienced substantial growth and has emerged as the market leading vendor management solution for property management companies and their vendor networks.
“We knew it was the right time to find a partner to help us navigate the next phase of our growth,” said NetVendor founder, Anthony Renaldo. “After getting to know the Greenridge team over the course of the last year, it became clear that we were working with a group that shared our values and could contribute the resources and expertise necessary to help us achieve our vision for growth.”
“As the preeminent vendor management solution in the property management space, NetVendor is well positioned to continue along an impressive trajectory,” said Ben Moss, Partner at Greenridge. “NetVendor is clearly a mission-driven organization that cares deeply about the work that they do for all stakeholders in the property management ecosystem, from property managers, to vendors, and investor groups. We’re honored that they’ve chosen Greenridge to be their partner.”
In conjunction with this investment, Dave Cooper has become the Company’s CEO. Cooper brings over 30 years of experience leading high-growth enterprise software businesses. Prior to joining NetVendor, Cooper held executive leadership positions at Personify, Rockwell Software, and Pavilion Technologies.
“We are confident that Dave will continue to build upon NetVendor’s success,” said Jack Cardwell, Partner at Greenridge. “He is a seasoned leader with a track record of driving innovation and delivering value to clients and shareholders. We’re excited to have him on the team.”
“I’m thrilled to join the NetVendor team at this stage of the Company’s evolution,” said Dave Cooper. “I look forward to accelerating our product roadmap while enhancing our operational capabilities to ensure that vendors and property managers derive even more value from our solutions. I’m honored to join the talented team at NetVendor and I look forward to a successful partnership with Greenridge.”
Founded in 2011, NetVendor is a provider of Software-as-a-Service-based credentialing and compliance solutions to help property management companies track and monitor their vendor networks. By streamlining critical vendor management workflows, NetVendor helps property managers save time, reduce risk, and more effectively manage geographically dispersed vendor networks across multi-family, commercial, student housing, affordable housing, senior living and HOA properties. For more information, visit www.netvendor.net.
ABOUT GREENRIDGE GROWTH PARTNERS
Greenridge Growth Partners is a growth-oriented private equity firm based in Austin, TX. Greenridge seeks to invest alongside outstanding entrepreneurs and business owners looking for the right partner to help them build market-leading businesses. The firm pursues a sector-focused approach within the lower middle market, with an emphasis on enterprise software and technology-enabled service businesses.