BOSTON, MA (November 7, 2017) – Aeris Partners is pleased to announce WorkWave, a leading provider of Software-as-a-Service (SaaS) field service management, fleet management, and marketing automation solutions, has been acquired by IFS, a portfolio company of EQT, and a leading provider of enterprise software solutions to more than one million users globally.
Aeris Partners served as the exclusive financial advisor to WorkWave shareholders and management.
WorkWave’s scalable suite of cloud-based solutions seamlessly integrates back-office, field, and front-end marketing operations for more than 7,300 SMB and enterprise-scale field service management clients throughout the U.S. and more than 35 countries worldwide. WorkWave’s ability to streamline scheduling, planning and billing, increase field visibility and productivity, and automate marketing and sales activities increases efficiency, productivity, revenue, service quality, and customer satisfaction for its clients.
“WorkWave’s unwavering commitment to product innovation, best-in-class customer support, and the ongoing success of its SMB and enterprise clients is fueling record growth, momentum, and success for the Company,” said David Joncas, Managing Director of Aeris Partners. “We were honored to advise WorkWave’s shareholders and management team on the transaction.”
“WorkWave’s longstanding track record of market leadership and strong organic growth is truly impressive,” said Derek Swaim, Managing Director of Aeris Partners. “WorkWave is a world-class organization and we’re confident the Company has found an ideal partner in IFS and EQT.”
WorkWave is dedicated to simplifying the complexity of running field service and other last mile delivery and logistics businesses. The company’s suite of solutions, which include, among others, PestPac®, WorkWave Service™, ServiceCEO™, WorkWave Route Manager™, WorkWave GPS™, GPS Heroes™ and ContactUs™, allow WorkWave clients to easily improve their back-office efficiency, increase visibility & productivity of field operations, and enhance sales, marketing and customer service through a single, easy to use interface. WorkWave’s platform provides its 7,300+ clients an unprecedented level of business insight and information, enabling them to improve efficiency, increase revenue and provide a 5-Star customer experience. Founded in 1984, WorkWave has been recognized with multiple awards for its outstanding growth and culture, including the Inc. 5000, SaaS Award, and Best Place to Work by NJBiz & Inc. Magazine. For more information, visit: workwave.com
IFS™, headquartered in Linköping, Sweden, develops and delivers enterprise software for customers around the world who manufacture and distribute goods, maintain assets, and manage service-focused operations. IFS’ industry expertise, people and solutions, together with its commitment to customers, has made IFS a recognized leader and the most recommended supplier in its sector. IFS’ team of 3,300 employees supports more than one million users worldwide from a network of local offices and through a growing ecosystem of partners. For more information, visit: IFSworld.com
EQT is a leading alternative investments firm with approximately EUR 37 billion in raised capital across 24 funds. EQT funds have portfolio companies in the US, Europe, and Asia with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence, and market leadership. For more information, visit: eqtgroup.com
About Aeris Partners
Aeris Partners provides premium strategic M&A advisory services to best-in-class software and Software-as-a-Service (SaaS) companies, private equity investors and venture capital firms spanning a range of high-growth vertical markets including healthcare (HCIT), financial technology (FinTech), architecture, engineering and construction (AEC), energy & power (EnergyTech), education (EdTech), analytics, transportation and logistics, and the public sector, among others. Aeris leverages extensive technology domain expertise and an unparalleled commitment to delivering superior M&A outcomes on every transaction. The firm’s senior leadership team has successfully completed more than $20 billion of M&A advisory assignments to date. For more information, please visit: aerispartners.com.
Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC.