M&A Deal Summary

TEAM Software Acquires Kwantek

On April 14, 2020, TEAM Software acquired software company Kwantek

Acquisition Highlights
  • This is TEAM Software’s 2nd transaction in the Software sector.
  • This is TEAM Software’s 2nd transaction in the United States.
  • This is TEAM Software’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2020-04-14
Target Kwantek
Sector Software
Buyer(s) TEAM Software
Deal Type Add-on Acquisition

Target

Kwantek

Louisville, Kentucky, United States
Kwantek LLC is a software company specializing in Applicant Tracking Software (ATS) for high-turnover industries like cleaning and security. The company helps build security and cleaning companies into world-class recruiting organizations with a suite of tools designed to diversify applicant pools, improve efficiency and enable a more selective hiring process for high-turnover situations. Solutions include job board posting features, candidate management tools, pre-hire screening assessments, and integrated background screening and onboarding as well as Work Opportunity Tax Credit (WOTC) filing. Kwantek was formed in 1999 and is based in Louisville, Kentucky.

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Buyer(S) 1

Buyer

TEAM Software

Omaha, Nebraska, United States
Category Company
Founded 1989
Sector Software
DESCRIPTION

TEAM Software is a developer of financial, operations, and workforce management solutions for contractors with distributed workforces of any size, with a focus on the building service and security industries. TEAM Software was founded in 1989 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 3 of 4
Sector (Software) 2 of 3
Type (Add-on Acquisition) 3 of 4
State (Kentucky) 1 of 1
Country (United States) 2 of 2
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 Innovise

Slough, United Kingdom

Innovise plc is an IT solutions company with two divisions: Innovise ESM, Innovise Software & Solutions. Innovise is based in Slough, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Facility ERP Pty

Carlton, Australia

Facility ERP Pty Ltd. is a technology provider offering fully integrated finance, payroll and operations software to cleaning companies in Australia and New Zealand. Facility ERP was founded in 2011 and is based in Carlton, Australia.

Buy -
Mergr

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