LOS ANGELES, December 28, 2012 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Verisae, Inc. (“Verisae”), a global provider of SaaS, cloud-based solutions that help large retailers reduce energy and asset lifecycle costs by monitoring and managing energy efficiency, asset performance and environmental compliance. The company’s platform enables retailers focused in grocery, food service and specialty retail, to centrally manage energy and asset costs across numerous facilities. By integrating business information and processes in one data platform, Verisae helps their customers improve bottom-line profits by 15-25%.
“We are very excited to be partnering with a strong private equity firm,” commented Jerry Dolinsky, Verisae’s CEO. “Marlin brings access to best practices, technology resources and capital, enabling sustained innovation and growth. With Marlin’s backing and Verisae’s comprehensive software offering, industry leadership and world-class client base, we look forward to accelerating our growth and extending our product solutions to service the evolving and rapidly changing needs of the grocery, food service and specialty retail markets.”
Jonah Sulak, a principal at Marlin, added “We are excited to partner with the industry’s leading SaaS provider and are committed to building on Verisae’s longstanding relationships with its blue-chip customers. This investment reflects our confidence in Verisae’s ‘Connected Facility’ platform and a management team with a proven track record.”
About Marlin Equity Partners
Marlin Equity Partners is a global private investment firm with over $1 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 60 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
Verisae is the leading global provider of SaaS, cloud-based solutions that help large retailers focused in grocery, food service and specialty retail manage their maintenance, energy, environmental and sustainability programs. These solutions enable Verisae’s customers to actively manage their operations and substantially improve their bottom-line results, in many cases increasing profits by 15-25%. Verisae delivers a broad range of solutions to 70 clients globally with more than 100,000 active users across more than 29,000 sites worldwide. 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.