CINC Systems Appoints Peter Yang to Chief Technology Officer
CINC Systems, the largest provider of SaaS solutions for the community association industry, has appointed Peter Yang to Chief Technology Officer. Yang’s appointment supersedes CINC’s announcement that it has recently received a growth investment from Spectrum Equity, bolstered its executive team with the appointment of Ryan Davis to Chief Executive Officer and launched an investment fund to support its customers’ growth.
Yang is a seasoned technologist from the Integrated Risk Management, InsurTech, and FinTech sectors. He joins CINC Systems from Ventiv Technology, where he fulfilled the role of CTO, CIO and Chief Architect. He’s a former technology executive of FIS™ and Marsh. Yang earned his B.E. in Biomedical Engineering from Huazhong University of Science and Technology and his M.S. and Ph.D. in Computer Science and Hearing Science from Vanderbilt University.
The investment from Spectrum Equity, a leading growth equity firm investing in internet-enabled software and information services companies, will support CINC Systems’ product innovation and expand its sales and marketing efforts. Spectrum is CINC’s first institutional investor.
CINC Systems serves approximately 16,000 of the estimated 350,000 HOAs in the U.S. CINC-served communities total nearly 2 million homes. About 25% of the American population lives in a community association and more than 60% of new housing built for sale is within associations. CINC Systems has clients in 26 states and, through its 18-bank partner relationships, in more than 100 partner banking branch locations.
Read the full press release from CINC Systems on their recent growth investment here.
CINC Systems provides transformational technology and services for the community association industry, redefining the way its clients and partners do business. Founded in 2005, CINC Systems became the first Internet-based integrated accounting and property management system for the community association industry. Since its founding, CINC Systems has experienced steady growth, with clients in 26 states and over 100 partner banking branch locations. Learn more at www.cincsystems.com.
Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy. For over 25 years, the firm has partnered with proven entrepreneurs and management teams to build long-term value in market-leading internet-enabled software and information services companies. Representative investments include Ancestry, Bats Global Markets, Definitive Healthcare, GoodRx, Lynda.com, Origami Risk, SurveyMonkey, Trintech and Verafin. For more information, including a complete list of portfolio investments, visit www.spectrumequity.com.
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