RF Investment Partners Announces Successful Exits of NetVendor and OffenderWatch, Strengthening Momentum in Vertical SaaS Strategy
RF Investment Partners, a prominent growth capital investment firm, has announced the successful exits of two of its software portfolio companies—NetVendor and OffenderWatch. These transactions mark important milestones in the firm’s ongoing vertical SaaS investment strategy and reflect its ability to support founders and management teams through periods of rapid scaling, operational improvement, and long-term value creation.
The exits underscore RF’s disciplined approach: providing not only capital, but also hands-on operational support that helps portfolio companies accelerate growth, enhance product capabilities, and build strong leadership infrastructure. As RF continues to expand its software footprint, these two exits serve as a testament to the firm’s growing influence in the SaaS ecosystem.
NetVendor, one of the companies involved in the recent exits, has established itself as an essential technology platform for property management companies (PMCs) seeking more efficient ways to manage vendor compliance and credentialing. Founded in 2009, NetVendor was created to simplify what has historically been a time-consuming and high-risk process for property managers. The platform automates the collection, verification, and ongoing management of vital vendor documentation—including certificates of insurance, business licenses, IRS forms, and background checks. Through automation and streamlined workflows, NetVendor helps reduce operational risk, improve compliance, and strengthen the relationship between PMCs and the vendors they rely on.
RF Investment Partners, alongside Greenridge Growth Partners, originally invested in NetVendor in May 2021. Over the following years, the company experienced impressive growth, driven by new product enhancements, strong customer adoption, and the increasing need for compliance-focused digital tools in the property management industry. With its successful exit, NetVendor is now poised for its next phase of expansion under new ownership by Five Arrows, the alternative assets unit of Rothschild & Co. This transition positions the company to accelerate innovation and scale further as demand for automated vendor management continues to rise.
The second platform exit, OffenderWatch, highlights RF’s strategic efforts within the public safety and compliance software sector. Based in Covington, Louisiana, and founded in 2000, OffenderWatch is recognized as one of the leading providers of sex offender registration and compliance solutions for law enforcement agencies across the United States. Its software enables agencies to streamline offender monitoring, coordinate multi-jurisdictional data sharing, and ensure adherence to complex local and federal compliance requirements.
RF invested in OffenderWatch in 2022 to help support its next stage of growth, product expansion, and market reach. During the partnership, RF worked closely with the company’s leadership to help strengthen operations and enhance scalability. This included recruiting and integrating additional executive talent, providing financial and operational guidance, and supporting strategic initiatives tied to product development and market expansion.
OffenderWatch CEO Ben Luzynski acknowledged the meaningful impact of RF’s involvement, stating, “RF brought practical, hands-on help to our team, adding senior talent, bringing operational discipline, and navigating M&A execution to help us scale. Their support allowed us to focus on innovation and delivering greater value to our clients while advancing the platform. We’re grateful for their partnership and energized for the future.”
RF Managing Director Patrick Riggio reflected on the collaboration with similar appreciation. “It has been a privilege to work alongside OffenderWatch and its exceptional management team to accomplish our shared goals,” he said. “We focused on operational initiatives and building scalable infrastructure to strengthen the platform and expand its market reach. We’re proud of what we achieved together and confident that the company is well-positioned for continued success with STG as its new capital partner.”
The successful transitions of both NetVendor and OffenderWatch reinforce RF’s reputation as a committed partner with significant expertise in vertical software markets. Over the past several years, the firm has invested in 13 software platforms, spanning industries such as compliance, workflow automation, public safety, real estate operations, and niche SaaS categories. RF’s ability to deliver not only capital but also meaningful operational support distinguishes it within the lower middle-market investment landscape.
As RF Co-Founder and Managing Partner Peter Fidler noted, “Our partnerships with OffenderWatch and NetVendor reflect the value of our collaborative, hands-on approach and our commitment to supporting founder-led companies through meaningful stages of growth. We’re proud of the outcomes achieved alongside both teams and look forward to continuing to invest in innovative, mission-critical software businesses that drive lasting impact in their industries.”
With these two successful exits, RF Investment Partners continues to build momentum in its targeted software investment strategy. The firm plans to remain active in identifying and supporting growing software businesses that address critical operational challenges across sectors. By integrating strategic capital with operational guidance and deep industry insights, RF remains well positioned to fuel the next generation of category-defining vertical SaaS companies.
Source Link:https://www.businesswire.com/
