Like Resource Connect Pty Ltd

announced 10/16/2017 via BNC Analysis

SmartTrans Holdings Limited, will acquire Resource Connect Pty Ltd

synopsis: SmartTrans Holdings Limited is pleased to announce that it will acquire Resource Connect Pty Ltd and iCuro Pty Ltd (iCuro) for (resourceconnect.com.au). Resource Connnect is a profitable, privately-held personnel supply chain management solutions business that strongly complements SmartTrans’ transport supply chain management division.
buyer: SmartTrans Holdings Limited (ASX:SMA:$2.50)
SmartTrans Australia provides state-of-the-art logistics solutions for transport and field services operations. Their hosted solutions allow clients to deliver their in-field services and deliveries with increased efficiency, visibility and compliance "
target: Resource Connect Pty Ltd
Resource Connect’s patented system platform (icuro.com.au) is a cloud-based solution that allows its blue chip customers to coordinate the movement of personnel at multiple widely-distributed locations in real time. The business operates from its headquarters in Hendra, Queensland.
price ($mm)
$13
rev ($mm)
$6
EBITDA ($mm)
EV / rev
2.2x
EV / EBITDA
announced 1/5/2022 via PR Newswire

ServiceTitan, will acquire FieldRoutes

synopsis: ServiceTitan will acquire FieldRoutes, a leading cloud-based and mobile SaaS provider in the pest control and lawn care industry. The acquisition will enhance ServiceTitan's existing suite of technology and empower FieldRoutes to accelerate growth and provide its customers with exceptional service to help them grow their business.
buyer: ServiceTitan
ServiceTitan is an end-to-end business management software platform that powers key workflows and connects key stakeholders in a trades business. The company's software platform includes CRM, intelligent dispatch, custom reporting, marketing automation, a mobile solution for field techs, and more. "
target: FieldRoutes
FieldRoutes is a cloud-based and mobile SaaS provider for field service businesses. Its platform automates many aspects of field service operations for customers with office management, advanced route optimization, payment processing, digital sales, marketing, and customer acquisition capabilities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/8/2021 via BNC Analysis

ClearCourse Partnership LLP, will acquire Eworks Manager

synopsis: ClearCourse, a group of innovative technology companies in the UK, will acquire, will acquire Eworks Manager, a UK-based provider of job management software for field services. Eworks enables businesses to manage their jobs from their office or mobile device. Their software provides solutions for job scheduling, inventory, invoicing, and more.
buyer parent: Aquiline Capital Partners
buyer: ClearCourse Partnership LLP
ClearCourse is a UK partnership of innovative technology companies providing membership software to groups, organisations and small businesses. Their companies help customers manage their members and clients, administer their business workflow, & automate their payment processes seamlessly. "
target: Eworks Manager
Eworks Manager is a UK-based provider of job management software for field services. Eworks enables businesses to manage their jobs, staff and paperwork from their office or mobile device. Their software provides solutions for job scheduling, inventory, quotes, invoicing, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/14/2021 via BNC Analysis

Causeway Technologies Limited, acquired Ermeo SAS

synopsis: Causeway Technologies Ltd, the UK’s largest software provider to the construction market, has acquired Erméo SAS, a French software company. Erméo is the developer of field service management software for the construction, highway maintenance, railway networks exploitation, oil & gas, manufacturing, and public transportation sectors.
buyer: Causeway Technologies Limited
Based in the UK, Causeway is the only global software provider that powers the design, build, operation, and maintenance of the built environment. Causeway offers an expanding suite of cloud software solutions that support and digitize front-line project performance and supply chain operations. "
target: Ermeo SAS
Ermeo is a French software company and a developer of field service management software. Ermeo's web and mobile solution lets companies digitize operations and documents, manage data in real-time, automate data reporting and manual processes to drive business, and more.
price ($mm)
rev ($mm)
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EV / rev
EV / EBITDA
announced 12/13/2018 via BusinessWire

SilverLake, will acquire ServiceMax

synopsis: GE Digital and Silver Lake announced an agreement for GE Digital to sell a majority stake in ServiceMax, a leading provider of cloud-based software productivity tools for field service technicians, to Silver Lake, the global leader in technology investing.
buyer: SilverLake
Silver Lake is the global leader in technology investing, with about $39 billion in combined assets under management and committed capital and a team of approximately 100 investment and value creation professionals located in Silicon Valley, New York, London, Hong Kong and Tokyo. "
target parent: General Electric Company
target: ServiceMax
Founded in 2007, ServiceMax is a leading industry provider of field service management software. ServiceMax’s platform provides a full suite of applications, including inventory and parts logistics, scheduling and workforce optimization, and work order management.
price ($mm)
rev ($mm)
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announced 9/26/2018 via Company Press Release

Deutsche Beteiligungs AG, will acquire FLS GmbH

synopsis: Deutsche Beteiligungs AG will acquire the majority of the shares in Germany-based FLS (Fast Lean Smart) as part of a management buyout (MBO). FLS sells software that enables companies to plan and optimise their schedule and route planning as well as their deployment of field service employees and vehicles.
buyer: Deutsche Beteiligungs AG (DB:DBAN:$88.86)
Deutsche Beteiligungs AG ("DBAG") is a leading German private equity company. Since 1965, DBAG has been a preferred partner for equity funding of successful companies whose products and services have made them leaders in their markets. "
target: FLS GmbH
Germany-based FLS (Fast Lean Smart) sells software that enables energy suppliers, industrial companies, financial service providers, retail and real estate companies to plan and optimise their schedule and route planning as well as their deployment of field service employees and vehicles.
price ($mm)
rev ($mm)
$9
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 6/6/2018 via Company Press Release

SAP SE, acquired Coresystems

synopsis: SAP, a technology company that develops enterprise application software for companies and industries across diverse sectors, has acquired Coresystems, a leading provider of mobile and cloud-based field service and workforce management software for mid-sized and large enterprises’ field service organizations.
buyer: SAP SE (SAP:$28,572.00)
SAP is a technology company that develops enterprise application software for companies and industries across diverse sectors. The company offers solutions for asset management, commerce, finance, human resources, manufacturing and sustainability as well as research and development, and engineering."
target: Coresystems
Coresystems is a leading provider of mobile and cloud-based field service and workforce management software for mid-sized and large enterprises’ field service organizations.
price ($mm)
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EBITDA ($mm)
EV / rev
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announced 5/14/2018 via BNC Analysis

JCurve Solutions, will acquire Riyo Pty Ltd

synopsis: JCurve Solutions, an Australian provider of cloud-based software solutions, will acquire Riyo, an Australian company that offers a booking, dispatch and payment (BDP) platform for service based businesses. Riyo allows businesses to respond to scheduled or on-demand bookings, dispatch workers, record transactions and process customer payments.
buyer: JCurve Solutions (ASX:JCS:$8.13)
JCurve Solutions is an Australian company that provides cloud-based software solutions to improve business performance. JCurve Solutions offers Enterprise Resource Planning (ERP) and Telecom Expense Management (TEM) software that helps small businesses to increase their efficiency and reduce costs. "
target: Riyo Pty Ltd
Riyo is an Australian company that offers a booking, dispatch and payment (BDP) platform for service based businesses. Riyo allows businesses to respond to scheduled or on-demand bookings, create new schedules, dispatch workers, monitor and record transactions and process customer payments.
price ($mm)
$0.45
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/8/2017 via PR Newswire

IFS AB, acquired WorkWave

synopsis: IFS, the global enterprise applications company, announced it has completed the acquisition of WorkWave LLC, a leading provider of highly scalable, cloud-based Software-as-a-Service (SaaS) solutions for the Field Service and Last Mile Delivery and Logistics industries.
buyer parent: EQT
buyer: IFS AB
IFS is a globally recognized leader in developing and delivering enterprise software for enterprise resource planning, enterprise asset management and enterprise service management. IFS brings customers closer to their business, helps them be more agile and enables them to profit from change. "
target parent: Chicago Growth Partners
target: WorkWave
WorkWave is a leading provider of highly scalable, cloud-based Software-as-a-Service (SaaS) solutions for the Field Service and Last Mile Delivery and Logistics industries.
price ($mm)
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announced 11/24/2016 via Market Wire

AnalytixInsight, will acquire Euclides Technologies, Inc.

synopsis: Big Data Analytics company, AnalytixInsight Inc. has entered into a definitive agreement to acquire certain assets of Euclides Technologies, Inc. Euclides is an expert Systems Integrator and consulting partner for field service management solutions. Euclides Technologies provides optimized software solutions based on the ClickSoftware suite.
buyer: AnalytixInsight (TSXV:ALY:$1.66)
AnalytixInsight Inc's Big Data Analytics platform helps transform data into narratives. Their flagship product Capital Cube provides high-quality financial research and content for investors, information providers, finance portals and media. "
target: Euclides Technologies, Inc.
Euclides is an expert Systems Integrator and consulting partner for field service management solutions. Euclides Technologies sells and provides optimized software solutions based on the ClickSoftware suite to enhance the efficiency of field service organizations.
price ($mm)
$1.00
rev ($mm)
$4
EBITDA ($mm)
EV / rev
0.4x
EV / EBITDA
closed 11/10/2016 via BusinessWire

GE Digital, acquired ServiceMax

synopsis: GE Digital announced it has completed the acquisition of ServiceMax, a leader in cloud-based field service management (FSM) solutions. The acquisition provides GE Digital with new capabilities in the market for industrial service, enabling customers to immediately gain more value from their assets and find greater efficiency in their processes.
buyer parent: General Electric Company
buyer: GE Digital
GE Digital connects streams of machine data to powerful analytics, providing Industrial companies with valuable insights to manage assets and operations more efficiently. World-class talent and software capabilities driving big gains in productivity, availability and longevity. "
target: ServiceMax
ServiceMax is a leading industry provider of field service management software. The company reimagines and creates solutions for the people who install, maintain, and repair machines across dozens of industries as the provider of complete end-to-end mobile and cloud-based technology for the sector.
price ($mm)
$915
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/21/2016 via BusinessWire

Evatic, acquired Tesseract

synopsis: Evatic, a leading service management software vendor has acquired Tesseract, a UK based service management software company. The acquisition strengthens and complements Evatic’s product portfolio, fortifying the industry’s approach to service management and improving the end-user experience.
buyer: Evatic
Evatic is a leading European service management software company with the head office in Trondheim, Norway and offices in Sweden, Germany, France, Poland and Singapore. They develops and sells the Evatic Service Management System to companies operating in the service industry. "
target: Tesseract
Tesseract offer a range of professional services to facilitate the installation and deployment of the Tesseract Field Service Management Software. These Professional services include project management, consultancy, training and technical support.
price ($mm)
rev ($mm)
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EV / EBITDA
closed 8/30/2012 via PR Newswire

Chicago Growth Partners, acquired Marathon Data Systems, LLC

synopsis: Marathon Data Systems, a leading provider of comprehensive turnkey SaaS software solutions used by field service businesses, such as pest control and HVAC repair service providers, to manage a wide variety of critical business processes, announced that the company was acquired by Chicago Growth Partners, a leading growth equity investor.
buyer: Chicago Growth Partners
Chicago Growth Partners is a Chicago-based private equity investment firm that CGP executes its growth-focused investment strategy across four industries: Technology-Enabled Services, Education, Healthcare and Industrial Growth. "
target parent: Concentric Equity Partners, L.P.
target: Marathon Data Systems, LLC
Marathon Data Systems provides configurable, fully featured software solutions for field service businesses of all sizes that can be accessed on a SaaS or on-premise basis. Marathon offers a suite of services designed to mitigate the key pain points that field service companies face.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/22/2021 via BNC Analysis

Symphony IndustrialAI, acquired Proceedix

synopsis: Symphony Industrial AI announced the acquisition of connected frontline worker (CFW) platform developer Proceedix. This acquisition extends Symphony Industrial AI manufacturing industrial software solutions further into plant and factory processes.
buyer parent: SymphonyAI
buyer: Symphony IndustrialAI
Symphony IndustrialAI is a provider of industrial solutions. Symphony IndustrialAI helps their clients to reduce unplanned maintenances, unwarranted capital expenditures, and unexpected downtime. They offer solutions for condition monitoring, asset performance management, and predictive maintenance."
target: Proceedix
Proceedix leverages cloud computing, mobile and wearable technology to offer state-of-the-art human-driven inspection and instruction support. Proceedix’s goal is to mobilize people in industry to handle even the most complex processes away from their desks.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/21/2015 via Market Wire

JLL, acquired Corrigo Incorporated

synopsis: Consistent with its disciplined approach to strategic acquisitions and investments in innovative technology solutions, JLL has completed its acquisition of Corrigo Incorporated, a pioneer in cloud-based facility management solutions that improve productivity, increase transparency and provide advanced business analytics.
buyer: JLL (JLL:$20,131.30)
JLL is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. "
target: Corrigo Incorporated
Corrigo provides the real-time, cloud-based facilities and service management solutions used across the multi site facilities and service provider world. Its customers range from Fortune 50 companies to SMBs in multiple industries.
price ($mm)
rev ($mm)
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EV / EBITDA
closed 12/23/2019 via PR Newswire

Diversis Capital, acquired WorldAPP

synopsis: WorldAPP, the leading provider of enterprise-grade mobile workflow and data capture technology, announced they have been acquired by Diversis Capital, a software and technology focused private equity fund that targets situations where it can add unique value.
buyer: Diversis Capital
Diversis is a software and technology focused private equity fund that targets situations where it can add unique value. With a collaborative approach to investing, its Operating Partners and Strategic Advisors work alongside management teams to help build successful organizations. "
target: WorldAPP
WorldAPP helps mid to large organizations improve how they collect, manage, and leverage data across the enterprise. Using the Form.com and Key Survey platforms, WorldAPP works with customers to understand their needs and configure complete solutions which integrate with their current systems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/27/2022 via PR Newswire

Dispatch.me, acquired Youreka

synopsis: Dispatch has acquired Youreka, the leading smart mobile forms product built on the Salesforce platform. The combination will allow Youreka and Dispatch to accelerate their respective business, expand the partnership with Salesforce, and bring new innovation to the enterprise field service market.
buyer: Dispatch.me
Dispatch is the leading provider of software solutions for enterprise service brands that rely on independent service providers. Dispatch gives service brands visibility into the performance of their independent service providers and control over the customer experience those pros deliver. "
target: Youreka
Youreka is closing the skills gap with its proprietary, no-code mobile technology platform that makes it easy to build smart mobile service applications that assist frontline workers across various industries, including health and life sciences, energy, utilities, manufacturing, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 12/5/2019 via Company Press Release

Accel-KKR, acquired InSight Mobile Data, Inc.

synopsis: Accel-KKR, a technology-focused investment firm, has acquired InSight Mobile Data, Inc. (IMD), a provider of fleet and mobile worker management software and services. IMD's StreetEagle software platform provides the ability to capture, analyze and integrate mission-critical data from all mobile assets to improve operational efficiency and safety.
buyer: Accel-KKR
Accel-KKR is a technology-focused investment firm with $5 billion in capital commitments. The firm focuses on software and IT-enabled businesses well-positioned for topline and bottom-line growth. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions. "
target: InSight Mobile Data, Inc.
InSight Mobile Data (IMD) is a pioneering provider of fleet and mobile worker management software and services. Their StreetEagle software platform provides the ability to capture, analyze and integrate mission-critical data from all mobile assets to improve operational efficiency and safety.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/9/2019 via PR Newswire

IFS Ltd., will acquire Astea International Inc.

synopsis: IFS, a company that develops and delivers enterprise software for customers, will be acquiring Astea International, a global provider of end-to-end service management software solutions that offer all the cornerstones of service lifecycle management.
buyer parent: EQT AB
buyer: IFS Ltd.
IFS develops and delivers enterprise software for customers around the world who manufacture and distribute goods, maintain assets, and manage service operations. The industry expertise of their people and solutions, together with commitment to their customers, has made them a recognized leaderr. "
target: Astea International Inc. (:$27.18)
Astea International is a global provider of end-to-end service management software solutions that offer all the cornerstones of service lifecycle management, including customer management, service management, asset management, forward and reverse logistics management and optimization.
price ($mm)[EV]
$64 [$67]
rev ($mm)
$27
EBITDA ($mm)
EV / rev
2.8x
EV / EBITDA
closed 9/5/2019 via BusinessWire

bigtincan, acquired Asdeq Workforce

synopsis: Bigtincan, the leader in mobile, AI-powered sales enablement automation, has acquired the Australia-based AsdeqLabs, whose platform provides support for field-based employees and mobile service capabilities, helping to usher in the next evolution of service enablement and customer engagement for revenue accountability.
buyer: bigtincan (ASX:BTH:$22.22)
Bigtincan helps sales and service teams increase win rates and customer satisfaction. The company’s mobile, AI-powered sales enablement automation platform features the industry’s premier user experience that empowers reps to more effectively engage with customers and encourages team-wide adoption. "
target: Asdeq Workforce
AsdeqLabs is an Australian software company. AsdeqLabs' platform provides support for field-based employees and mobile service capabilities, helping to usher in the next evolution of service enablement and customer engagement for revenue accountability.
price ($mm)
$0.33
rev ($mm)
$0
EBITDA ($mm)
EV / rev
1.2x
EV / EBITDA
announced 10/16/2017 via BNC Analysis

SmartTrans Holdings Limited, will acquire Resource Connect Pty Ltd

synopsis: SmartTrans Holdings Limited is pleased to announce that it will acquire Resource Connect Pty Ltd and iCuro Pty Ltd (iCuro) for (resourceconnect.com.au). Resource Connnect is a profitable, privately-held personnel supply chain management solutions business that strongly complements SmartTrans’ transport supply chain management division.
buyer: SmartTrans Holdings Limited (ASX:SMA:$2.50)
SmartTrans Australia provides state-of-the-art logistics solutions for transport and field services operations. Their hosted solutions allow clients to deliver their in-field services and deliveries with increased efficiency, visibility and compliance "
target: Resource Connect Pty Ltd
Resource Connect’s patented system platform (icuro.com.au) is a cloud-based solution that allows its blue chip customers to coordinate the movement of personnel at multiple widely-distributed locations in real time. The business operates from its headquarters in Hendra, Queensland.
price ($mm)
$13
rev ($mm)
$6
EBITDA ($mm)
EV / rev
2.2x
EV / EBITDA
announced 10/16/2017 via BNC Analysis

SmartTrans Holdings Limited, will acquire Resource Connect Pty Ltd

synopsis: SmartTrans Holdings Limited is pleased to announce that it will acquire Resource Connect Pty Ltd and iCuro Pty Ltd (iCuro) for (resourceconnect.com.au). Resource Connnect is a profitable, privately-held personnel supply chain management solutions business that strongly complements SmartTrans’ transport supply chain management division.
buyer: SmartTrans Holdings Limited (ASX:SMA:$2.50)
SmartTrans Australia provides state-of-the-art logistics solutions for transport and field services operations. Their hosted solutions allow clients to deliver their in-field services and deliveries with increased efficiency, visibility and compliance "
target: Resource Connect Pty Ltd
Resource Connect’s patented system platform (icuro.com.au) is a cloud-based solution that allows its blue chip customers to coordinate the movement of personnel at multiple widely-distributed locations in real time. The business operates from its headquarters in Hendra, Queensland.
price ($mm)
$13
rev ($mm)
$6
EBITDA ($mm)
EV / rev
2.2x
EV / EBITDA
closed 7/28/2021 via Company Press Release

Wolfepak Software, purchased Welltrax from Vertrax

synopsis: WolfePak Software, a leading provider of business automation cloud solutions for the oil and gas industry, announced the acquisition of the Welltrax and Fleet Management product lines from Vertrax. Welltrax is a cloud-based, fully integrated load, dispatch, and driver management solution designed for bulk transporters.
buyer parent: Charlesbank Capital Partners LLC
buyer: Wolfepak Software
WolfePak Software is a leading provider of financial, accounting and regulatory compliance software to the oil and gas industry. WolfePak's software packages can be customized with additional modules to meet more complex accounting and reporting needs as their client's business grows. "
seller: Vertrax
Welltrax is a cloud-based, fully integrated load, dispatch, and driver management solution designed for bulk transporters. Vertrax is the leading provider of Supply Chain Management solutions within the oil and gas bulk liquid distribution supply chain.
price ($mm)
rev ($mm)
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closed 10/16/2012 via PR Newswire

Marathon Data Systems, LLC, acquired Viamente

synopsis: Marathon Data Systems, a leading provider of Software-as-a-Service solutions for field service businesses, announced that it acquired Viamente SRL, a Verona, Italy-based SaaS provider of route optimization solutions for small, medium and large businesses in the field service, transportation and logistics industries.
buyer parent: Chicago Growth Partners
buyer: Marathon Data Systems, LLC
Marathon Data Systems provides configurable, fully featured software solutions for field service businesses of all sizes that can be accessed on a SaaS or on-premise basis. Marathon offers a suite of services designed to mitigate the key pain points that field service companies face. "
target: Viamente
The Viamente Route Planner is an intuitive web-based Routing Optimization Software for Fleet Management, Field Service Management, Mobile Workforce Management and Pickup/Collection and Delivery companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 6/28/2021 via BusinessWire

RLDatix, acquired Allocate Software Limited

synopsis: RLDatix, the international leader in governance, risk and compliance (GRC) solutions for healthcare, announced the acquisition of UK-based Allocate Software, a leading provider of human capital management solutions that help healthcare organisations deliver safe and effective care.
buyer parent: TA Associates
buyer: RLDatix
Toronto-based RLDatix helps organizations drive safer care by providing governance, risk and compliance tools that drive overall improvement and safety. Their suite of cloud-based software helps organizations report on adverse events, reduce healthcare-acquired infections and ensure patient safety. "
target parent: Vista Equity Partners
target: Allocate Software Limited (MSWEF:$25.50)
Allocate Software is a leading international provider of Human Capital Management solutions, supporting the operational and administrative needs of health, care, defence and commercial sectors.
price ($mm)
rev ($mm)
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EV / EBITDA
closed 12/23/2020 via Bloomberg

CAE, Inc., acquired Merlot Aero

synopsis: CAE Inc., a high technology company that provides solutions to make the world a safer place, has acquired Merlot Aero Ltd., a cloud based airline operations management solution based in New Zealand. Merlot Aero enables airlines to create long-range crew plans and optimize their schedules.
buyer: CAE, Inc. (CAE:$2,429.84)
CAE is a high technology company, at the leading edge of digital immersion, providing solutions to make the world a safer place. CAE reimagines the customer experience and revolutionize training and operational support solutions in civil aviation, defence and security, and healthcare. "
target: Merlot Aero
Merlot Aero is a cloud based airline operations management solution based in New Zealand. Merlot Aero streamlines and optimizes aircraft and crew utilization for airlines of any operations type and size. Their solutions enable airlines to create long-range crew plans and optimize their schedules.
price ($mm)
$25
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/10/2019 via BusinessWire

CapStreet Partners, acquired PCS Software

synopsis: The CapStreet Group has completed the majority recapitalization of PCS Software, a provider of integrated transportation management software solution for the inland trucking industry. PCS Software's solution allows a carrier or broker to run their entire operations including dispatch, fleet management, and accounting with one integrated solution.
buyer: CapStreet Partners
The CapStreet Group is a private equity firm that invests in owner-managed, lower middle market companies. CapStreet targets companies operating in the outsourced business service sector and the industrial distribution, services and manufacturing sectors. "
target: PCS Software
PCS Software is a leading developer of hosted software solutions designed specifically for the ground transportation industry. Their software is designed to create an effective workflow environment that improves accountability and performance.
price ($mm)
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closed 4/30/2019 via PR Newswire

Openforce, acquired Flexible Workforce

synopsis: Openforce®, a provider of the most widely adopted platform for onboarding, contractor and vendor settlement, compliance management and risk mitigation solutions for independent contractor workforces, has acquired Flexible Workforce, LLC, a leading contractor and vendor management platform for the courier, last mile, and logistics segments.
buyer parent: Riverside Partners, LLC.
buyer: Openforce
Openforce® is the leader in technology-driven services that reduce operating costs and mitigate compliance risk for companies using independent contractors. Their cloud-based applications help businesses achieve more sustainable, profitable growth. "
target: Flexible Workforce
Flexible Workforce, LLC is a leading contractor and vendor management platform for the courier, last mile, and logistics segments. Flexible WorkForce was developed to eliminate the costly processes required to recruit, onboard, screen, check compliance, and pay a flexible driving workforce.
price ($mm)
rev ($mm)
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EV / rev
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announced 6/20/2018 via Company Press Release

Cabcharge Australia Limited, will acquire Mobile Technologies International Pty Ltd

synopsis: Cabcharge, a provider of electronic payment systems and software for taxis in Australia, will acquire Mobile Technologies International (MTI), a global provider of taxi dispatch and booking technology. MTI's solutions include driver apps, soft-meters, smartphone booking apps, driver portals, web-bookers, management dashboards and more.
buyer: Cabcharge Australia Limited (ASX:CA:$120.51)
Cabcharge is a provider of electronic payment systems and software for taxis in Australia. Their solutions include a personalized payment card, single use e-tickets, and gift cards. They also offer a cloud based travel management platform that give taxi companies better visibility and insight. "
target: Mobile Technologies International Pty Ltd
Mobile Technologies International (MTI) is a global provider of taxi dispatch and booking technology. MTI's solutions include driver apps (smartphone or tablet), soft-meters, camera systems, smartphone booking apps, driver portals, web-bookers, web TelOps, management dashboards and more.
price ($mm)
$4.92
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/13/2018 via Company Press Release

RCI Bank and Services, acquired iCabbi

synopsis: RCI Bank and Services, a French bank specializing in automotive financings and services, has acquired a 75% stake in iCabbi, an Ireland-based company that provides cloud-based taxi dispatch management software solutions. iCabbi's solutions help taxi companies reduce their operational costs and increase efficiency through automation.
buyer parent: Groupe Renault
buyer: RCI Bank and Services
RCI Bank and Services is a French bank specializing in automotive financings and services for the customers and dealership networks of Groupe Renault, the Nissan Group, and Mitsubishi Motors. The company has financed over 1.77 million contracts and has sold more than 4.4 million services. "
target: iCabbi
iCabbi is an Ireland-based company that provides cloud-based taxi dispatch management software solutions. Their solutions help taxi companies reduce their operational costs and increase efficiency through automation, resulting in happier drivers and happier customers.
price ($mm)
rev ($mm)
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closed 4/23/2018 via Company Press Release

Vista Equity Partners, acquired Allocate Software Limited

synopsis: Hg announced the sale of Allocate Software, the leading international provider of healthcare workforce management software, to Vista Equity Partners. Allocate’s solutions support the operational and administrative needs of healthcare professionals in all settings as well as defense and maritime staff globally.
buyer: Vista Equity Partners
Vista Equity Partners is a leading private equity firm focused on investing in software and technology-enabled businesses. With over $31 billion in cumulative capital commitments, Vista seeks to partner with world-class management teams looking to reach their full potential. "
target parent: HgCapital
target: Allocate Software Limited (MSWEF:$25.50)
Allocate Software is a leading international provider of workforce optimisation software to the healthcare, defense and maritime sectors. Allocate’s solutions support the operational and administrative needs of healthcare professionals in all settings as well as defense and maritime staff globally.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/4/2016 via Company Press Release

BSM Technologies Inc., acquired Mobi Corporation

synopsis: BSM Technologies Inc. announced the acquisition of substantially all of the assets of Mobi Corporation. Mobi’s appointment scheduling, route optimization and analytics software solutions are expected to provide a strong complement to BSM’s current product suite; positioning to increase market share, and further strengthen its competitive position.
buyer: BSM Technologies Inc. (BSMZF:$45.04)
BSM Technologies Inc., through its subsidiaries, is a global top 20 commercial fleet telematics provider for automatic vehicle location (AVL) solutions that improve efficiency, accountability and reduce costs for fleet operators. "
target: Mobi Corporation
Mobi Corporation, founded in 1996 by satellite experts from MIT Lincoln Labs, is a leader in the data analytics space. They provide large commercial fleet operators, optimizing operations and driving increased revenue while minimizing costs.
price ($mm)
$8.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/20/2013 via PR Web

VerticaLive, Inc., acquired MarineCFO, Inc.

synopsis: Verticalive Inc., a leading provider of vertical cloud solutions and development technologies for entrepreneurs and enterprises, announced that it has acquired MarineCFO, the leading provider of enterprise software solutions to the marine transportation industry.
buyer: VerticaLive, Inc.
VerticaLive is a leading provider of development technology for Microsoft platforms. The VL Business Framework enables rapid development and deployment of private or public cloud applications, virtual hosted solutions, or on-premise solutions. "
target: MarineCFO, Inc.
MarineCFO is the leading provider of On-Vessel, Marine Operations, Personnel, Fleet Maintenance, and Financial Management solutions to the marine transportation industry. The company was founded in 2007.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/7/2016 via PR Newswire

Verizon Communications, acquired FleetMatics, Inc.

synopsis: Verizon Communications Inc., America's most reliable wireless network, has acquired Fleetmatics, a leading global provider of fleet and mobile workforce management solutions. Their solution enable businesses to meet the challenges associated with managing local fleets, and improve the productivity of their mobile workforces.
buyer: Verizon Communications (VZ:$129,549.00)
Verizon operates America's most reliable wireless network, with more than 112 million retail connections nationwide. The company also provides communications and entertainment services over America's most advanced fiber-optic network and delivers integrated business solutions to customers worldwide."
target: FleetMatics, Inc. (FLTX:$320.40)
Fleetmatics is a leading global provider of mobile workforce solutions for service-based businesses of all sizes delivered as software-as-a-service. Their solution enable businesses to meet the challenges associated with managing local fleets, and improve the productivity of their mobile workforces.
price ($mm)[EV]
$2,350 [$2,183]
rev ($mm)
$311
EBITDA ($mm)
$66
EV / rev
7.0x
EV / EBITDA
32.9x
closed 12/8/2011 via BusinessWire

Grey Mountain Partners, acquired Stratix Corporation

synopsis: Grey Mountain Partners, a Boulder, CO-based private equity firm, has acquired a majority interest in Stratix Corporation. Headquartered in Norcross, Georgia, Stratix Corporation provides enterprise mobile software and service solutions by designing, developing, delivering and managing its customers’ mobile IT systems and assets.
buyer: Grey Mountain Partners
Grey Mountain Partners is a Boulder, CO-based private equity firm that invests in lower middle-market companies across a wide range of industries and in transactions with enterprise values between $30 million and $150 million. "
target: Stratix Corporation
Stratix Corp is a leading provider of enterprise mobile software and service solutions. From architecting highly configurable rules-based Stratix Mobile software solutions to managing an entire company's mobile assets, Stratix delivers results in operational efficiency and improved customer service.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/11/2011 via BusinessWire

Masternaut UK Ltd. merged with Cybit Holdings PLC.,

synopsis: Cybit and Masternaut, the industry’s acknowledged experts in vehicle tracking, fleet and driver management solutions, announced that they have combined to form a single, pan-European telematics company. The new organisation, which retains the Masternaut name, will have more than 500 employees supporting a 10,000-strong customer base.
buyer parent: Francisco Partners
buyer: Cybit Holdings PLC.
Cybit Holdings Plc provides Internet-based vehicle telematics software and solutions internationally. It delivers a range of wireless solutions for the management and monitoring of remote assets. "
target parent: Aéroports de Paris
target: Masternaut UK Ltd.
Masternaut is Europe's leading mobile resource management provider specialising in Vehicle & Asset Tracking, Mobile Workforce Applications and Microsoft Dynamics CRM and ERP software.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/26/2009 via BNC Analysis

Hub Telecom, acquired Masternaut UK Ltd.

synopsis: Hub Telecom SA, subsidiary of Aeroports de Paris, acquired Masternaut, leading European provider of fleet management solutions.
buyer parent: Aéroports de Paris
buyer: Hub Telecom
Hub Telecom SA provides broadband and mobile telecommunication services. It offers telephony, data transmission, multimedia, Wi-Fi, voice, and application services via landlines and mobile links. "
target: Masternaut UK Ltd.
Masternaut is Europe's leading mobile resource management provider specialising in Vehicle & Asset Tracking, Mobile Workforce Applications and Microsoft Dynamics CRM and ERP software.
price ($mm)
$25
rev ($mm)
$52
EBITDA ($mm)
EV / rev
0.5x
EV / EBITDA
closed 4/6/2021 via BNC Analysis

CAE, Inc., acquired RosterBuster

synopsis: CAE, a high technology company that provides solutions to make the world a safer place, has acquired RosterBuster, a flight and cabin crew management app based in the Netherlands. RosterBuster enables airline crews to better-manage their busy schedules, connect to vital and relevant operational information, and communicate with other crew members.
buyer: CAE, Inc. (CAE:$2,429.84)
CAE is a high technology company, at the leading edge of digital immersion, providing solutions to make the world a safer place. CAE reimagines the customer experience and revolutionize training and operational support solutions in civil aviation, defence and security, and healthcare. "
target: RosterBuster
RosterBuster is a flight and cabin crew management app based in the Netherlands. RosterBuster enables airline crews to better-manage their busy schedules, connect instantly to vital and relevant operational information, communicate with other crew members and improve work-life balance.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/9/2020 via Company Press Release

Microlise Ltd., acquired TruTac

synopsis: Microlise, a telematics and transport management solutions provider in the UK, has acquired TruTac, the leading UK provider of fleet compliance and management software for Heavy Goods Vehicles (HGVs) and Public Service Vehicles (PSVs). TruTac offers web-based solutions for tachograph analysis, compliance reporting, time and attendance, and more.
buyer: Microlise Ltd.
Microlise is a telematics and transport management solutions provider in the UK. Microlise provides telematics, real-time journey management and proof of delivery solutions to streamline processes, maximise utilisation and strengthen customer engagement. "
target: TruTac
TruTac is the leading UK provider of fleet compliance and management software for Heavy Goods Vehicles (HGVs) and Public Service Vehicles (PSVs). TruTac offers web-based solutions for tachograph analysis, compliance reporting, time and attendance, vehicle inspections, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/2/2018 via GlobeNewswire

ARCOS, Inc., acquired RosterApps

synopsis: ARCOS, the North American leader in delivering Resource Management SaaS solutions to the utility industry, has acquired Des Moines, Iowa-based Sciengistics, Inc., doing business as RosterApps, a provider of airline ground crew scheduling software.
buyer parent: The Riverside Company
buyer: ARCOS, Inc.
ARCOS is the North American leader in delivering Resource Management SaaS solutions to the utility industry. ARCOS automates crew assembly and resource management daily and during emergencies, ultimately helping to restore energy faster, yet safely, to communities. "
target: RosterApps
RosterApps provides a SaaS scheduling solution for ground personnel supporting commercial and passenger airlines. The company’s clients include passenger airlines such as Jet Blue, Southwest Airlines, and United as well as ground handling contractors for the industry.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/8/2018 via BNC Analysis

Yandex.Taxi, acquired Opteum

synopsis: Yandex.Taxi has announced the conclusion of the acquisition of the company Opteum. Opteum, based in Moscow, specializes in the creation of online services for the management of taxis. They allow the managers and owners of taxi companies to manage wages and compensation to their drivers and to optimize their work on the line.
buyer parent: Yandex N.V.
buyer: Yandex.Taxi
Yandex.Taxi, based in Moscow, is a ride-hailing service. Users can use Yanex.Taxi to track their taxi from the moment they place their order to their destination point. "
target: Opteum
Opteum, based in Moscow, specializes in the creation of online services for the management of taxis. They allow the managers and owners of taxi companies to manage wages and compensation to their drivers and to optimize their work on the line.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/8/2016 via BNC Analysis

Mintra Trainingportal AS, acquired OCS HR AS

synopsis: The Riverside Co. has acquired Norwegian software company OCS HR AS as an add-on to its Mintra Trainingportal AS. OCS, based in Bergen, Norway, provides human resources, crew scheduling and payroll software to companies in the oil and gas and maritime industries.
buyer parent: The Riverside Company
buyer: Mintra Trainingportal AS (OB:MNTR:$25.86)
Mintra Trainingportal AS' proprietary Trainingportal learning management system is tailored to its oil and gas client base and includes extensive functionality, making the switch to e-learning courses convenient for its customers. "
target: OCS HR AS
OCS, based in Bergen, Norway, provides human resources, crew scheduling and payroll software to companies in the oil and gas and maritime industries. The company’s proprietary software automates complex HR processes to make those more efficient.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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