WorkOasis provides customers with clear visibility into their facilities maintenance operation, allowing them to simplify and reduce the cost of managing large portfolios of distributed property. The company is based in Atlanta (www.workoasis.com).
WorkOasis has been merged with Verisae, a current Marlin portfolio company, creating one of the industry’s leading providers of asset and equipment maintenance software for the grocery, specialty retail, restaurant, financial services, hospitality and service/facility management industries.
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. The company delivers a range of solutions to over 60 clients including leading retailers and manufacturing companies. Verisae currently has a network of over 14,000 suppliers and more than 100,000 registered users managing three million assets across 29,000 sits in North America, Europe and Asia. The company is based in Minneapolis, MN (www.verisae.com).
“The acquisition of WorkOasis supports our commitment to consolidate the best products, people and customers in the markets we serve and will accelerate our market growth,” stated Jerry Dolinsky, CEO of Verisae. “The addition of WorkOasis is highly strategic and provides Verisae immediate access into new verticals, significantly increasing the addressable market for our products.”
“The synergistic combination of Verisae and WorkOasis will allow Verisae to maintain its market leading position and continue its tremendous growth trajectory. This transaction demonstrates Marlin’s commitment to grow the company, both organically and through strategic acquisitions,” said Peter Chung, a Vice President at Marlin.
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 • 8-20-13