K1 Investment Management, LLC , one of the largest investors in small-cap enterprise software, announced that its portfolio company, Subsplash, has reached a definitive agreement to be acquired by Roper Technologies, Inc. (ROP). The transaction is expected to close in the near term, and marks K1's third exit to a publicly traded strategic buyer in the past year.
Subsplash, started in Seattle by CEO Tim Turner, is a top platform that uses artificial intelligence to help mission-focused groups. It offers tools like mobile apps, media sharing, online donations, group chats, and church management features.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.