Innovise, a United Kingdom-based technology leader specialising in software for security guarding, cleaning and facilities management businesses, has been acquired by TEAM Software, the leading provider of technology solutions for contractors in the North American cleaning and security guarding markets.
TEAM is backed by Accel-KKR, a technology-focused investment firm with US$9bn of committed capital across its funds.
The investment brings together two market leaders: TEAM in North America and Innovise in the UK. The combination creates a global technology leader providing business critical software solutions for firms in the security guarding, cleaning and facilities management industries.
By joining forces, TEAM and Innovise together have customers on five continents, more than 750,000 end users and 50 years’ collective experience serving the cleaning and security industries. Almost three-quarters of the top cleaning and security companies in North America, the UK and Ireland use software from TEAM and Innovise.
Innovise is the market leader in the UK and Ireland and has customers across Europe, North America and the Australasia region. Innovise supplies business critical workforce management and service delivery solutions to support complex business needs from pre-employment through to invoicing and payroll.
Similarly, TEAM offers market-leading business critical technology that includes a full-service accounting and financial package, operations management, mobile workforce management solutions and business analytics to its customers in North America. The fully integrated platform automates business critical functions, streamlines back-office operations and improves workforce productivity in the field, increasing efficiency, profitability and growth.
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.”
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