Verisae, a portfolio company of Marlin Equity Partners, has acquired Hara Software, a provider of SaaS-based energy management software.
Hara Software is a provider of SaaS-based energy and sustainability management software. The company’s products are used to help businesses analyze, track and report energy, water, waste and other natural resource usage in order to manage cost savings opportunities, compliance requirements, efficiency targets and sustainability hurdles. The company is based in San Mateo, CA (www.hara.com).
“The acquisition of Hara supports our commitment to helping our customers achieve sustainable and profitable growth,” said Jerry Dolinsky, CEO of Verisae. “The addition of Hara is highly strategic and broadens the depth of our integrated sustainability platform.”
Verisae is a provider of SaaS solutions that manage asset and equipment maintenance, energy usage and environmental efficiency and compliance for companies in the grocery, specialty retail and food service industries. Verisae currently has a network of over 14,000 suppliers and more than 100,000 registered users managing three million assets across 29,000 sites in North America, Europe and Asia. The company is based in Minneapolis, MN (www.verisae.com).
“Hara offers a synergistic complement to Verisae’s current solution and customer base,” said Peter Chung, vice president at Marlin. “This transaction demonstrates our commitment to support Verisae’s growth.”
Marlin Equity Partners invests in businesses that have revenues of $20 million to $1 billion and that are in the process of undergoing varying degrees of operational, financial or market-driven change. Sectors of interest include technology, healthcare, consumer products and services, business services, manufacturing, aerospace & defense, distribution & logistics, and media. The firm has $2.6 billion of capital under management. Marlin is headquartered in Los Angeles with an additional office in London (www.marlinequity.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-10-13
