WorkWave acquires Team Software
WorkWave, Holmdel, New Jersey, has signed an agreement to purchase Team Software, a provider of software and solutions for cleaning, janitorial, security and facility management service providers. The acquisition should be finalized at the end of September.
Together, these companies bring more than 100 years of experience, enabling WorkWave to offer a broader set of solutions that strengthen the capabilities of service companies.
“This acquisition marks a major milestone in the execution of WorkWave’s strategy to enter new markets, while leveraging our proven track record in helping our customers provide superior service and create fast-growing businesses. and very profitable, ”said David F. Giannetto, CEO of WorkWave. “We are delighted to join forces with TEAM to deliver on 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 sole supplier of the broadest set of software and SaaS 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 customer value, enabling more customers, in more geographies, with more industry-specific solutions, to fuel continued business growth. . “
The team will expand WorkWave’s presence in major international markets.
“We are thrilled to join an industry leader like WorkWave, who has proven expertise in the service industry and 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.