LA-based private equity firm Marlin Equity Partners said Monday that it has acquired WorkOasis and merged it with Verisae, a Marlin portfolio company. No financial terms were disclosed. WorkOasis is a provider of vendor and maintenance management software while Verisae is a provider of SaaS solutions for companies in the grocery, specialty retail and food service industries.
Los Angeles, CA – August 19, 2013: Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired WorkOasis, a leading provider of SaaS work order, vendor and maintenance management software. The company’s solutions provide customers with clear visibility into their facilities maintenance operation, allowing them to simplify and reduce the cost of managing large portfolios of distributed property. WorkOasis has been merged with Verisae, Inc., a Marlin portfolio company, creating one of the industry’s leading providers of asset and equipment maintenance software for the grocery, specialty retail, restaurant, financial services, hospitality and service/facility management industries.
“The acquisition of WorkOasis supports our commitment to consolidate the best products, people and customers in the markets we serve and will accelerate our market growth,” stated Jerry Dolinsky, CEO of Verisae. “The addition of WorkOasis is highly strategic and provides Verisae immediate access into new verticals, significantly increasing the addressable market for our products.”
Peter Chung, a Vice President at Marlin, added, “The synergistic combination of Verisae and WorkOasis will allow Verisae to maintain its market leading position and continue its tremendous growth trajectory. This transaction demonstrates Marlin’s commitment to grow the company, both organically and through strategic acquisitions.”
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. The company delivers a broad range of solutions to over 60 clients including leading retailers and manufacturing companies. 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 email@example.com.