Add-on Acquisition • Internet Software and Services

Accruent Acquires Verisae

On September 22, 2016, Accruent acquired internet software and services company Verisae from Marlin Equity Partners

Acquisition Context
  • This is Accruent’s 1st transaction in the Internet Software and Services sector.
  • This is Accruent’s 10th transaction in the United States.
  • This is Accruent’s 1st transaction in Minnesota.

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M&A Deal Summary

Date September 22, 2016
Target Verisae
Sector Internet Software and Services
Buyer(s) Accruent
Sellers(s) Marlin Equity Partners
Deal Type Add-on Acquisition

Target Company

Verisae

Minneapolis, Minnesota, United States
Verisae, Inc. is a global provider of SaaS, cloud-based solutions that help large retailers reduce energy and asset lifecycle costs by monitoring and managing energy efficiency, asset performance and environmental compliance.
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Buyer Overview 1

Buyer

Accruent

Austin, Texas, United States

Category Company
Founded 1995
Sector Software
DESCRIPTION

Accruent, Inc. is a provider of physical resource management software. Accruent provides market planning, site selection, project management, lease administration, facilities and space management software that is purpose-built for specific industries to deliver greater customer value. Accruent, Inc. was founded in 1995 and is based in Austin, Texas.


Deal Context for Buyer #
Overall 10 of 16
Sector: Internet Software and Services 1 of 4
Type: Add-on Acquisition 9 of 15
State: Minnesota 1 of 1
Country: United States 10 of 14
Year: 2016 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Business Integration Group

Tempe, Arizona, United States

Business Integration Group, Inc. (BIGCenter) is a provider of integrated workplace management systems (IWMS).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-09 Lucernex

Plano, Texas, United States

Lucernex, Inc. (dba Lucernex Technologies, Inc.) is a cloud-based Integrated Workplace Management System (IWMS) to both emerging and enterprise companies around the globe. The Company’s analytics, market planning, site selection, contract management, project management, facility management and maintenance management solutions are used by their valued customers every day and helps them drive revenue, reduce costs, ensure compliance and mitigate risk.

Buy -

Seller Profile 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.


Deal Context for Seller #
Overall 17 of 65
Sector: Internet Software and Services 3 of 16
Type: Add-on Acquisition 14 of 43
State: Minnesota 1 of 1
Country: United States 15 of 48
Year: 2016 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-13 QualiTest

London, United Kingdom

QualiTest is a global provider of quality assurance and software testing services. Qualitest specializes in AI-powered Digital Assurance, Automation, Performance Engineering, Cyber Security Testing, Accessibility Testing, Blockchain IOT and Drone Technology Assurance. QualiTest offers a wide variety of QA and testing services such as: Test Process Improvement, Test Automation, Performance testing, Onshore testing outsourcing, flexible testing staffing, Exploratory Testing, Scrum Testing and testing tools. QualiTest was founded in 1997 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 EdgeAQ

Nashville, Tennessee, United States

Edgenet, Inc. is a provider of cloud-based product content network (“PCN”) and home improvement configuration software and services. The company’s comprehensive suite of SaaS solutions enable the exchange of detailed product information that can be utilized by retailers, manufacturers and suppliers to manage product data and streamline sales processes. Edgenet’s PCN software platform allows suppliers to collect, upload and share product information, marketing attributes and logistical data with retailers and its configuration tools help facilitate and simplify the design, ordering and manufacturing of configurable products including windows, doors, decking and fencing.

Buy -