WorkWave will acquire TEAM software
HOLMDEL, New Jersey, September 14, 2021 / PRNewswire / – WorkWave®, a provider of SaaS solutions that support all stages of a service business lifecycle, today announces that it has signed a purchase agreement TEAM software, the world’s leading provider of software and solutions for cleaning, janitorial, security and facility management service providers. The acquisition should be finalized at the end of September.
Much like the recent acquisition of Real Green by WorkWave, the acquisition of TEAM Software marks another rare moment when market leaders come together to create something unique. Together, these companies bring more than 100 years of experience partnering with the world’s best service providers, enabling WorkWave to offer the broadest and most comprehensive set of solutions that enables service companies, from SMEs in business, to develop their activity and improve their profitability. , and beat their competition.
“This acquisition marks a major milestone in the execution of WorkWave’s strategy of entering new markets, while leveraging our proven track record in helping our customers provide superior service and create fast growing and highly successful businesses. profitable ”, declared David F. Giannetto, CEO of WorkWave. “We are delighted to join forces with TEAM to honor our shared commitment to deliver the greatest value to all of our customers. “
“With the acquisition of proven brands such as Real Green, Slingshot, Coalmarch and TEAM Software, WorkWave is now the premier provider of the broadest set of SaaS software and solutions supporting the broadest range of service industries,” said Darren roos, Chairman of the Board of Directors of WorkWave. “WorkWave has a proven track record of creating value for customers. Therefore, enabling more customers, in more geographies, with more industry-specific solutions, fuel the continued growth of the business. “
In addition to its market leadership position in the pest control and green industry verticals, WorkWave will become a leading software provider in the commercial cleaning, janitorial, facilities management and security services with the acquisition of TEAM Software and its business solutions. . TEAM will also expand WorkWave’s presence in key international markets, creating a local presence in the EMEA and APAC region that supports WorkWave’s increased presence abroad. This further supports WorkWave in its mission to help customers grow their businesses, serve their customers and maximize their money in these new verticals and geographies.
“We are thrilled to join an industry leader like WorkWave, who has proven expertise in the service industry as well as a commitment to supporting customer growth through powerful solutions and exceptional service. WorkWave’s mission and approach also reflects the way we think and operate, ”said John leiferman, CEO of TEAM Software. “Together, we can deliver more value-driven innovations to the industries we support with our greater combination of world-class tools, expertise and experience. “
WorkWave is supported by EQT, TA Associates and Serent Capital, and TEAM Software is supported by Accel-KKR.
For nearly 40 years, WorkWave has incorporated best practices into its industry-leading field and last-mile service software solutions to empower top-performing businesses to grow their businesses, serve their customers, and get the most from their money. . Its solutions empower service-oriented businesses to reach their full potential with scalable, cloud-based software solutions that support every stage of a business lifecycle, including marketing, sales, service delivery. , customer interaction and financial transactions. WorkWave is a trusted partner for thousands of customers in a wide variety of industries, including pest control, lawn care, cleaning, HVAC, plumbing and electrical, and last mile delivery. . WorkWave’s award-winning culture and solutions have been recognized with SaaS Awards, Cloud Awards, American Business Awards, NJBIZ Best Places to Work Awards and Stevie Awards for Great Employers. For more information visit workwave.com.
About TEAM software
TEAM Software develops market-leading solutions for businesses powered by a distributed workforce, especially those serving the cleaning and security industries. TEAM’s technology enables businesses to manage and optimize their operations, from front-line service delivery to back-office financial management, providing critical information to reduce risk and costs and improve efficiency , profitability and growth. Founded in 1989, TEAM is the world’s first recognized technology partner and leader for companies that keep the world clean, safe and secure. Customers rely on TEAM’s proven industry expertise, world-class software solutions and exceptional customer experience. Based in the United States, TEAM has additional bases of operations in Australia and the UK For more information, visit teamsoftware.com.
Accel-KKR is a technology-driven investment firm with more than 10 billion dollars in capital commitments. The company focuses on software and technology companies, well positioned for growth in revenue and bottom line. At the heart of Accel-KKR’s investment strategy is a commitment to develop strong partnerships with the management teams of its portfolio companies and a focus on creating value alongside management by leveraging resources. available through the Accel-KKR network. Accel-KKR focuses on mid-market companies and offers a wide range of capital solutions including buyout capital, minority growth investments and credit alternatives. Accel-KKR also invests in a wide range of transaction types, including private company recapitalizations, division splits and going-private deals. In 2019 and 2020, Inc. named Accel-KKR in the category “PE 50 – Best Private Equity Firms for Entrepreneurs”, its annual list of founder-friendly private equity firms. Accel-KKR is headquartered at Menlo Park with offices in Atlanta and London. Visit accel-kkr.com to learn more.
Senior Manager, Strategic Communications
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