WorkWave to acquire Team Software
WorkWave announced Tuesday it has signed an agreement to purchase Team Software, a provider of software and solutions for cleaning, janitorial, security, and facilities management service providers. The acquisition is expected to close at the end of September.
WorkWave is a provider of cloud-based software solutions that support business life cycle management, including marketing, sales, service delivery, customer interaction and financial transactions.
“This acquisition marks a major step forward in the execution of WorkWave’s strategy to push into new markets, while leveraging our proven track record of helping our customers provide superior service and build fast-growing and highly profitable companies,” said David F. Giannetto, CEO of WorkWave, in a statement. “We are thrilled to be joining forces with Team to deliver on our shared commitment to provide the greatest value to our entire customer base.”
WorkWave also acquired Real Green Systems — a provider of software solutions for the landscaping, lawn care and pest control industries — in June 2021.
“With the acquisition of proven brands such as Real Green, Slingshot, Coalmarch, and Team Software, WorkWave now stands alone as the premier provider of the broadest set of SaaS software and solutions supporting the widest range of service industries,” said Darren Roos, chairperson of the board at WorkWave. “WorkWave has a proven track record of delivering customers value, so empowering more customers, across more geographies, with more industry-specific solutions, adds fuel to the company’s continued growth.”
According to WorkWave, the acquisition of Team Software will also expand the company’s presence in international markets.
“WorkWave’s mission and approach mirror how we think and operate, as well,” said John Leiferman, CEO of Team Software. “Together, we can provide more value-driven innovation to the industries we support through our greater combination of world-class tools, expertise, and experience.”
WorkWave is backed by EQT, TA Associates, and Serent Capital, and Team Software is backed by Accel-KKR.