Summit Partners Makes Minority Investment in Associa

DALLAS, TX and BOSTON, MA--(Marketwire - June 11, 2008) - Associa, Inc. (www.associaonline.com), the largest outsourced manager of community associations in the United States, announced today that it has received a minority investment from Summit Partners, a private equity and venture capital firm that has raised more than $11 billion since inception.

Founded in 1979, Associa is America's leading community association management and developer services company. With more than 80 offices across the nation and growing, Associa is the largest company in the United States devoted exclusively to the management of community associations, representing thousands of communities from coast to coast.

Associa has established a variety of national purchasing programs which afford clients products and services of the highest quality at the most competitive prices, as well as community support services such as association websites, newsletters, and other neighborhood communication channels.

"Since our inception in 1979, we have built a network of carefully selected, wholly owned subsidiaries and employed the country's top community management leaders," said John Carona, Founder, President, and CEO of Associa. "Working with Summit Partners, we can expand our superior customer and turnkey solutions for homeowner associations, developers, and more."

"Under the exceptional leadership of John Carona, Associa has experienced dynamic growth over the last three decades and today offers the best services in the industry for the country's top communities," said John Carroll, a Managing Director with Summit Partners. "We are delighted to be an investor in Associa, and look forward to working with John and the rest of the management team." Mr. Carroll and Peter Connolly, a Principal with Summit, will join the Associa board.

Matheson Law Partners PLC served as legal counsel for Associa, and Weil, Gotshal & Manges LLP served as legal counsel for Summit Partners.

About Associa, Inc.

Founded in 1979, Associa, Inc. (www.associaonline.com) is America's leading community association management and developer services company. With more than 80 offices across the nation and growing, Associa is the largest company in the United States devoted exclusively to the management of community associations, representing thousands of communities from coast to coast. Associa has established a variety of national purchasing programs which afford clients products and services of the highest quality at the most competitive prices for their needs, as well as community support services such as association websites, newsletters, and other neighborhood communication channels.

About Summit Partners

Summit Partners (www.summitpartners.com) provides private equity and venture capital for growth companies. Founded in 1984, Summit has raised more than $11 billion in capital and has provided equity, recapitalization, and management buyout financing to more than 300 growing companies across a range of industries. Of these companies, nearly 125 have completed public offerings and more than 110 have been acquired through strategic mergers and sales. Summit Partners has offices in Boston, Palo Alto, and London.

Summit Partners seeks to work with outstanding management teams that have self-financed their companies to profitability and market leadership. Notable business services investments include FleetCor Technologies, Clean Harbors, WebEx Communications, and Wilmar Industries (renamed Interline Brands).

The business of Summit Partners in the UK is regulated by the Financial Services Authority. Summit Partners Limited is registered in England and Wales. The registered number is 4141197, and the registered office is located at 20-22 Bedford Row in London, WC1R 4JS, UK. In the US, Summit Partners operates as an SEC-registered investment advisor. This document is intended solely to provide information regarding Summit Partners' potential financing capabilities for prospective portfolio companies.

Contact Information: Media Contacts: Michael Robinson Associa 214.953.3009 x5584 Joan Miller Summit Partners 617.824.1047