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  5. FranConnect Acquires World Manager

M&A Deal Summary

FranConnect Acquires World Manager

On August 30, 2022, FranConnect acquired information technology company World Manager

Acquisition Highlights
  • This is FranConnect’s 1st transaction in the Information Technology sector.
  • This is FranConnect’s 1st transaction in Australia.

M&A Deal Summary
Date 2022-08-30
Target World Manager
Sector Information Technology
Buyer(s) FranConnect
Deal Type Add-on Acquisition

Target

World Manager

Sydney, Australia
World Manager provides a way for multi-location businesses to develop and deploy highly customized branded content to support front-line employee training for improved onboarding and engagement and enables brands to monitor engagement success at the unit-level. Operations teams are empowered to deliver and monitor best practice training, access up-to-the-minute data, staff training unit-level performance appraisals, and satisfaction surveys with benchmark reporting. World Manager's customers include some of the largest multi-location retail, restaurant, and hospitality brands, including Forever 21, Nike, Billabong, Domino's, Long John Silver's, Walk-On's Sports Bistreaux, Nando's, Gloria Jean's Coffees, and Ben & Jerry's. World Manager was formed in 2005 and is based in Sydney, Australia.

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Buyer(S) 1

Buyer

FranConnect

Herndon, Virginia, United States
Category Company
Founded 2000
Sector Software
DESCRIPTION

FranConnect is a provider of SaaS-based franchise management systems. The company has served over 600 franchise customers and over 100,000 franchise locations. FranConnect's comprehensive software suite provides franchise organizations an end-to-end suite for growing their businesses. FranConnect was founded in 2000 and is based in Herndon, Virginia.

DEAL STATS #
Overall 3 of 4
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 4
Country: Australia M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 FranchiseBlast

Gatineau, Quebec, Canada

Finally is an app for continuous franchise improvement! Schedule, perform, and analyze franchisee field audits. It has developed a user-friendly franchise management system. The company combined several easy to use tools (such as our franchisee field audits app) into an integrated platform with the goal of improving franchisee profitability. Finally was formed in 2007 and is based in Gatineau, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-27 RizePoint

Salt Lake City, Utah, United States

RizePoint is a provider of SaaS company innovative software solutions to conduct audits, inspections, and self-assessments that empower businesses to streamline processes, reduce risk, and elevate brand reputation, to better bottom-line results. RizePoint was founded in 1997 and is based in Salt Lake City, Utah.

Buy -
Mergr

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