Mooreland bolsters M&A advisory leadership in SaaS Vertical Applications
SAN FRANCISCO – September 19, 2018 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to Omaha-based TEAM Software Inc. (“TEAM Software”) on its strategic investment from Accel-KKR for an undisclosed amount.
“TEAM Software is a demonstrated leader in Enterprise Resource Planning (ERP) SaaS for the building services and security verticals and together with Accel-KKR is poised to continue to build its leadership position in the space,” said James Schroder, Managing Director at Mooreland Partners. “Mooreland delivered world-class transaction execution for TEAM Software,” said Bryan Dow, Managing Director at Mooreland Partners. “We continue to experience a robust M&A market in Enterprise Software, particularly for businesses with strong SaaS metrics like TEAM Software.”
ABOUT TEAM SOFTWARE INC.
TEAM Software develops 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’s efficiency-enhancing technology transforms business management and drives profitability. TEAM’s industry-specific solutions range from a complete enterprise software ecosystem to a right-sized workforce management toolset that connect key components of customers’ businesses. Founded in 1989, TEAM is an Omaha-based technology company with more than 400 customers all over North America. For more information visit teamsoftware.com.
Accel-KKR is a technology-focused investment firm with over $5 billion in capital commitments. The firm focuses on software and IT-enabled businesses well-positioned for top line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR is headquartered in Menlo Park with additional offices in Atlanta and London. For more information visit accel-kkr.com.