LLR Partners has made an undisclosed investment in WennSoft Inc. Q Advisors LLC was financial advisor to WennSoft on the transaction. In addition to the funding, John Jazwiec has been named CEO of WennSoft. Jazwiec is the former CEO of FiveCubits and RedPrairie. Based in New Berlin, Wisconsin, WennSoft is a provider of field services software.
NEW BERLIN, WI – April 16, 2015 – LLR Partners, a private equity firm investing in middle market growth companies, announced a strategic investment in WennSoft Inc., an innovative field services software provider, to drive a market leadership position in the field service and specialty construction markets worldwide.
“WennSoft has an impressive, 20-year track record of delivering proven field service solutions that allow customers the ability to streamline operations and help increase revenue,” said Justin Reger, principal at LLR. “The Company’s domain expertise and industry-specific field service solutions, as evidenced by the WennSoft position on Gartner’s Magic Quadrant, provide a powerful base to capitalize on attractive market opportunities that will help accelerate growth.”
With nearly 1,000 customers worldwide, WennSoft provides end-to-end field services software and solutions. The Company’s platform offers highly tailored vertical solutions based on extensive field services operations expertise and enables customers to manage and streamline the installation, maintenance and repair processes with a strong emphasis in mobility.
WennSoft founder Jim Wenninger said, “We couldn’t be more excited about this new partnership. It allows the WennSoft team to realize our vision to be the leading specialty trades field service solution provider in the geographies we serve, and it supports our ability to grow unbridled in other industries and market segments.”
As part of the investment, John Jazwiec will take over as WennSoft’s CEO. Jazwiec, the former CEO of FiveCubits and RedPrairie, has significant experience leading fast-growth technology companies.
“John’s experience driving high growth organizations and his passion for the field service and specialty trades markets makes him an ideal successor,” says Wenninger. “This allows me the opportunity to work more closely with customers and focus on our industry strategy.”
“We brought John in because of his long and consistent track record of successfully scaling enterprise software companies and disrupting markets,” notes Reger. “He knows the industry and knows how to build sustainable, high growth, profitable companies that become industry leaders.”
Jazwiec added, “I am excited to begin working with the WennSoft team and LLR Partners. WennSoft, through Jim Wenninger and Julie West’s leadership, has built tremendous products and a customer-centric reputation in a growing market. I anticipate my experiences at FiveCubits and RedPrairie to be very similar to WennSoft, so I look forward to the opportunity to lead the Company in its next chapter of growth.”
Established in 1995, WennSoft provides solutions for those who want to better manage installation, maintenance and repair processes. WennSoft’s innovative field service solutions streamline operations from sales to the field to accounting, arming customers with the insight they need to do their work more proactively, productively and profitably. Built on Microsoft technologies, WennSoft products have achieved Certified for Microsoft Dynamics (CfMD) status, Microsoft’s highest accreditation for partner-developed solutions. WennSoft solutions may be licensed and deployed to fit customers’ business models. For more information, see www.wennsoft.com.
ABOUT LLR PARTNERS
LLR Partners is a private equity firm investing in middle market growth companies with proven business models. We invest in a broad range of industries, with an emphasis on technology and service-based businesses. Founded in 1999 and with more than $2 billion raised across four funds, LLR is a flexible provider of capital for growth, recapitalizations and buyouts. For more information about LLR, visit www.llrpartners.com.
Q Advisors, LLC acted as exclusive financial advisor to WennSoft.