LOS ANGELES, August 26, 2014 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has completed the take-private acquisition of ViryaNet Limited (“ViryaNet”), a leading provider of mobile workforce management solutions that guide, automate and optimize the planning, execution and monitoring of field service work. The company offers a robust platform that provides a complete set of integrated resource planning and execution tools that allow customers to effectively manage their mobile workforce and eliminate inefficiencies. ViryaNet has been merged with Verisae, Inc. (“Verisae”), a Marlin portfolio company, further expanding Verisae’s software platform and creating a market leader in facilities management solutions.
“ViryaNet is a strategic acquisition to Verisae’s family of cloud software products,” stated Jerry Dolinsky, CEO of Verisae. “Our customers require a mixed model offering that can leverage both internal and external mobile workforces to service their facilities and assets. By adding ViryaNet’s comprehensive mobile workforce capability to our end-to-end facility platform, our customers will now have the ability to improve the productivity of their mobile workforce.”
“We are very excited to add the ViryaNet platform to our existing suite of solutions,” said Eric Hinkle, an operating partner to Marlin. “The combination significantly increases the addressable market for Verisae and demonstrates our commitment to growing the company into the leading worldwide facilities management solutions provider.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $3 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 75 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
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. The company’s “Connected Facility” SaaS offering combines maintenance, machine to machine monitoring, energy and sustainability software solutions into a single, integrated platform. Verisae currently has a network of more than 150,000 registered users managing in excess of three million assets at more than 50,000 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 email@example.com.