LOS ANGELES, September 30, 2013 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Hara Software, Inc. (“Hara”), a leading provider of SaaS-based energy and sustainability management software. The company’s products help businesses analyze, track and report energy, water, waste and other natural resource usage and position them to better manage cost savings opportunities, compliance requirements, efficiency targets and sustainability hurdles. Hara has been merged with Verisae, Inc. (“Verisae”), a Marlin portfolio company, expanding Verisae’s software platform and creating a market leader in energy and sustainability management solutions.
“The acquisition of Hara supports our commitment to helping our customers achieve sustainable and profitable growth,” stated Jerry Dolinsky, CEO of Verisae. “The addition of Hara is highly strategic and broadens the depth of our integrated sustainability platform.”
“Hara offers a synergistic complement to Verisae’s current solution and customer base,” added Peter Chung, vice president at Marlin. “This transaction demonstrates our commitment to support Verisae’s growth.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $2.6 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 65 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
About Verisae, Inc.
Verisae is a leading 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. For more information, please visit www.verisae.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.com.