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JumpStart Inc. Turns a Profit in Deal

Wednesday, May 12, 2010

Excerpt of story provided by Plain Dealer
Written by Tom Breckenridge

The region's publicly funded venture group will see its first payday from the acquisition of a company it helped grow.

JumpStart Ventures, the development arm of JumpStart Inc., will recover a $340,000 investment and a bit of profit from the buyout of DIY Real Estate Solutions, a Cleveland-based developer of software used by landlords and property managers, officials said.

Yardi Systems of Santa Barbara, Calif., a global supplier of property management software, bought DIY...
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