Dude Solutions Inc, which is backed by U.S. private equity firm Warburg Pincus, has acquired Windmill Software Inc. The deal’s financial terms were not disclosed. Based in Toronto, Windmill Software is a maker of senior living operations product TheWorxHub. Update: Dude Solutions, a U.S. software-as-a-service provider of operations management solutions, said the deal expands its position in the senior living market and gives the company its first Canadian office. Warburg Pincus first invested in Dude Solutions in 2014.
Dude Solutions Inc. Acquires Windmill Software Inc. and its Senior Living Solution TheWorxHub
Strategic Acquisition of Toronto-Based Company Expands Dude Solutions’ Senior Living Market Position and Marks Opening of Canadian Office
CARY, N.C. and TORONTO (March 25, 2015) – Expanding its senior living market presence, Dude Solutions Inc., a software-as-a-service (SaaS) provider of operations management solutions, today announced the acquisition of Windmill Software Inc., including its flagship senior living operations software, TheWorxHub. The acquisition will help grow Dude Solutions’ senior living footprint with its best-in-class products and deep market expertise and also marks the opening of a Dude Solutions Canadian office in Toronto. Terms of the transaction were not disclosed.
“Dude Solutions’ goal is to become the undisputable leader in the markets we serve. For senior living, one of the fastest growing market segments in North America, acquiring Windmill Software will position us to become the clear market powerhouse offering a robust suite of facilities and operations software to senior living,” said Kent Hudson, CEO of Dude Solutions, Inc. “Combining TheWorxHub’s best-in-class products and thought leadership with our industry-leading delivery, support and long-standing commitment to product development and innovation is a win-win for senior living operations professionals and the organizations and clients they serve.”
Dude Solutions will continue to provide TheWorxHub integrated suite of operations applications for more than 650 senior living communities in the US and Canada. The acquisition will extend Dude Solutions’ support to other essential senior living departments – housekeeping, transportation, inventory, IT, and others.
“I’m excited about the next phase of growth for the combined organization as this acquisition provides our team the scale and support needed to significantly increase our market penetration,” said Jo-Anne Kempe, Windmill Software’s president and founder who started the company in the 1980s. “There is a great cultural fit as Dude Solutions echoes our commitment to helping create successful senior living communities through powerful operations solutions.”
The acquisition is part of Dude Solutions’ aggressive 2015 growth initiative including plans to increase hiring for the senior living team. The Windmill Software team has joined Dude Solutions and now works out of the Dude Solutions Canada office to continue support of Windmill’s clients, including those utilizing the flagship senior living product, TheWorxHub. This is Dude Solutions’ first acquisition since it announced a growth investment of up to $100 million from Warburg Pincus, a leading global private equity firm focused on growth investing, in February 2014.
“This acquisition is illustrative of what we had envisioned when Warburg Pincus invested in Dude Solutions,” said Alex Berzofsky, managing director of Warburg Pincus. “Dude Solutions is leveraging its world-class platform and broadening its product offerings to the benefit of its rapidly expanding customer base. We look forward to continuing to support Dude Solutions and its growth initiatives.”
ABOUT WINDMILL SOFTWARE
Windmill Software’s TheWorxHub offers a next generation senior living operations product that takes advantage of advances in technology and extends support to other essential operations work – starting with housekeeping and then adding room bookings, transportation, IT, catering, security, and activities. By creating an integrated suite of operations service delivery applications, TheWorxHub team is making things easier for senior living residents, the staff that serve them, and the executives who are accountable for results. For more information visit www.TheWorxHub.com.
ABOUT DUDE SOLUTIONS
Dude Solutions, parent company of SchoolDude and FacilityDude, is a leading software-as-a-service (SaaS) provider of operations management solutions to education, healthcare, government, commercial and membership organizations. Over the last 15 years more than 7,000 organizations have selected Dude Solutions’ award-winning software for facilities, energy, safety, IT and a growing suite of related enterprise applications to improve efficiencies, minimize risk and increase communication efforts. For more information, please visit www.dudesolutions.com.
ABOUT WARBURG PINCUS
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $35 billion in assets under management. The firm’s active portfolio of more than 120 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 14 private equity funds, which have invested more than $50 billion in over 720 companies in more than 35 countries. Since inception, the firm has invested more than $15 billion in technology, media and tech-enabled services companies, including investments in BEA Systems, iParadigms Holdings LLC, Coyote Logistics, Endurance International Group, FacilitySource, FIS, GT Nexus, MercuryGate, MLM Information Services, Nuance Communications, Service Repair Solutions, UGS, VERITAS Software and Wall Street Systems. The firm is headquartered in New York with offices in Amsterdam, Beijing, Frankfurt, Hong Kong, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo and Shanghai. For more information please visit www.warburgpincus.com.
Young & Associates for Dude Solutions
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