Innovise, the UK based firm offering software for security guarding, cleaning and facilities management businesses, has been acquired by TEAM Software, a tech firm for contractors in the North American cleaning and security guarding markets. TEAM is backed by Accel-KKR, an investment firm with US$9bn of committed capital across its funds.
The firms say that the combination creates a global technology leader providing business critical software for firms in the security guarding, cleaning and facilities management industries. TEAM and Innovise together have customers on five continents, more than 750,000 end users and 50 years’ collective experience. Almost three-quarters of the top cleaning and security companies in North America, the U.K. and Ireland use their software the companies add.
Innovise has customers across Europe, North America and the Australasia region. Innovise supplies workforce management and service delivery products to support business needs from pre-employment to invoicing and payroll.
Similarly, TEAM offers technology that includes a full-service accounting and financial package, operations management, mobile workforce management and business analytics to its customers in North America. The platform automates business functions, and streamlines back-office operations.
TEAM CEO John Leiferman said: “TEAM joining forces with Innovise has a significant impact on industries we serve in multiple geographies. Together, we strengthen our position as the global technology leader for cleaning and guarding companies, and, with our joint resources, we are well-positioned to accelerate innovation on our fully integrated platform to deliver increased value to our customers and support their global expansion and growth goals.”
And Innovise CEO Mike Taylor said: “After more than 15 years of successful growth as an independent business, we are excited to be joining forces with TEAM Software and Accel-KKR. This is a merger of market leaders and marks the next phase of our growth journey. Together we can fulfill our strategic ambitions. The Innovise leadership team and I are excited to work alongside our new colleagues at TEAM to set the standard for world-class solutions in our target markets globally.”
