M&A Deal Summary

WorkWave Acquires TEAM Software

On September 14, 2021, WorkWave acquired software company TEAM Software from Accel-KKR

Acquisition Highlights
  • This is WorkWave’s 5th transaction in the Software sector.
  • This is WorkWave’s 8th transaction in the United States.
  • This is WorkWave’s 1st transaction in Nebraska.

M&A Deal Summary

Date 2021-09-14
Target TEAM Software
Sector Software
Buyer(s) WorkWave
Sellers(s) Accel-KKR
Deal Type Add-on Acquisition

Target

TEAM Software

Omaha, Nebraska, United States
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.

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Buyer(S) 1

Buyer

WorkWave

Holmdel, New Jersey, United States

Category Company
Founded 1984
Sector Internet Software and Services
DESCRIPTION

WorkWave is a provider of an intuitive cloud-based field service management and fleet management solutions that help enterprising organizations with a mobile workforce transform their businesses. WorkWave was founded in 1984 and is based in Holmdel, New Jersey.


DEAL STATS #
Overall 8 of 8
Sector (Software) 5 of 5
Type (Add-on Acquisition) 8 of 8
State (Nebraska) 1 of 1
Country (United States) 8 of 8
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 Real Green Systems

Walled Lake, Michigan, United States

Real Green Systems is a producer of Service Assistant software and marketing tool for service industry companies. Service Assistant is an app for lawn care, landscaping, pest control, HVAC, carpet and residential cleaning businesses and so many more service industry companies. Real Green Systems was founded in 1984 and is based in Walled Lake, Michigan.

Buy -

Seller(S) 1

SELLER

Accel-KKR

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Accel-KKR is a private equity firm that seeks control and growth-oriented investments in middle-market technology companies. The Firm targets investments in public and private companies with revenues ranging from $15 to $150 million. Accel-KKR pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and IT enabled services. Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core focus. Accel-KKR is based in Menlo Park, California.


DEAL STATS #
Overall 41 of 54
Sector (Software) 18 of 23
Type (Add-on Acquisition) 24 of 28
State (Nebraska) 1 of 1
Country (United States) 33 of 44
Year (2021) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-27 PropLogix

Sarasota, Florida, United States

PropLogix delivers a comprehensive offering of property intelligence and closing solutions, which drive significant value for title agents, underwriters, and ultimately homebuyers and sellers who rely on complete information for informed decision-making and risk mitigation around one of the biggest purchases of their life. PropLogix is based in Sarasota, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 ForgeRock

San Francisco, California, United States

ForgeRock is the digital identity management company transforming the way organizations interact securely with customers, employees, devices, and things. Organizations adopt the ForgeRock Identity Platform as their digital identity system of record to monetize customer relationships, address stringent regulations for privacy and consent (GDPR, HIPAA, FCC privacy, etc.), and leverage the internet of things. ForgeRock was founded in 2010 and is based in San Francisco, California.

Sell -