On August 1st 2016, Novidam Capital Partners completed its acquisition of Home Control Systems, Inc., of New Jersey, in a debt and cash asset transaction. Home Control Systems is a residential burglary alarm business focused on eastern New Jersey, providing homeowners with security solutions since the mid-nineties. HCS is a natural add, and will be managed and aligned with our portfolio to continue to increase footprint and customer reach.
Through its new Novidam Ventures fund, NCP has completed its first early stage investment, providing venture capital funding in Realster LLC’s Series A fundraising round, as well as in its Series A-1 round. Realster is a real estate technology company operating as a SaaS platform. Realster focuses on solving bottlenecks in residential leasing software, while at the same time making the residential brokerage market more efficient. Realster’s online platform is currently in early beta-mode at www.gorealster.com and is projected to launch in full in January 2017.
Following its focus on tech-enabled service companies closely associated with the real estate industry, Realster fits NCP’s portfolio criteria well. As part of the investments, NCP serves on Realster’s Board of Advisors.