SEG Client, ManagerPlus, Acquired by iOFFICE
November 20, 2019 -- Software Equity Group (SEG) announces its client, ManagerPlus, a leading asset management SaaS provider, has been acquired by iOFFICE, a leader in digital workplace experience solutions. With nearly three decades of asset and management maintenance domain expertise, the acquisition of ManagerPlus expands iOFFICE's cloud-based solutions and further strengthens its position as a leader in the IWMS market. SEG served as exclusive advisor to ManagerPlus.
"We are thrilled to welcome the ManagerPlus team to iOFFICE," said Mark Peterson, CEO, iOFFICE. "With decades of experience and thousands of successful software implementations, ManagerPlus' asset management platform not only bolsters iOFFICE's suite of solutions, but it also advances our vision to simplify and improve the employee experience that drives enhanced business outcomes."
For over 25 years, Utah-based ManagerPlus has delivered scalable solutions to more than 10,000 asset intensive organizations in the manufacturing, agribusiness, construction, government, fleet, oil and gas, health care, and other professional service industries. ManagerPlus is recognized as a leader in innovative asset and maintenance management, and its clients include Ulta Beauty; City of Mesa, Arizona; Goya Foods; Kyocera Precision Tools and Gas Field Specialist.
"We recognize that today's business and technology landscape has changed the workplace, causing a substantial focus to be placed on the employee experience," continued Peterson. "With that said, uniting ManagerPlus' platform with our own is the logical next chapter in our growth story. The acquisition addresses two of iOFFICE's largest long-term business objectives, the expansion of our current digital technology suite, as well as offering a broader, industry-leading solution set to future clients."
This acquisition, along with iOFFICE's recent acquisition of Hippo CMMS, demonstrates iOFFICE's commitment and strategic investment in providing customers with a fully connected employee experience. Together, Hippo CMMS and ManagerPlus will form iOFFICE's Asset Management Division. The division was created to offer customers a true SaaS based asset management solution that enhances the overall user experience.
"iOFFICE has an extensive history as a market-disrupting innovator and creator of the first-ever IWMS SaaS platform of its kind," said Alex Newman, Executive Vice President of Sales. "Due to the rapid evolution of the workplace over the past decade, we're seeing more and more employees are working in non-traditional ways. We're dedicated to improving the operational efficiency of organizations by connecting people to data and enabling workforce engagement through simple and innovative technology solutions.
About Software Equity Group
Software Equity Group (SEG) provides unparalleled M&A advisory services for emerging and established software companies. For more than twenty years, SEG has worked alongside its software industry clients to drive extraordinary outcomes for the client’s shareholders, employees and customers. Over this time period, SEG has managed hundreds of sell-side M&A transactions, representing billions of dollars of aggregate transaction value. SEG’s unwavering commitment to the software industry equates to unmatched expertise across software industry product categories, delivery models, technology and end market verticals; and unrivaled access to key decision makers among strategic and private equity buyers.