Dude Solutions Inc, a portfolio company of Warburg Pincus, has acquired Sanford, North Carolina-based Mobile311. a geographical information system and mobile mapping solution provider. No financial terms were disclosed.
CARY and SANFORD, N.C. (EMBARGOED for April 15, 2015) – Dude Solutions Inc., a software-as-a-service (SaaS) provider of operations management solutions, today announced the acquisition of Mobile311 a geographical information system (GIS) and mobile mapping solution provider. The Mobile311 acquisition allows Dude Solutions to address the growing requirements of state and local governments, particularly those with public works needs, as well as universities and other entities that manage spatial and distributed assets. Dude Solutions will now offer a comprehensive web-based and mobile operations solution that enables these organizations to more effectively manage both their facilities as well as assets at-large. Terms of the transaction were not disclosed.
“Mobile311 has built a powerful, patent-pending GIS and mobile application that aids in spatial and linear asset management – along with a growing client base,” said Kent Hudson, CEO of Dude Solutions, Inc. “Previously, spatial asset management software has been reserved for the largest cities and counties and, with this acquisition, Dude Solutions is democratizing GIS technology for any size local government client as it has with cloud-based facility management solutions.”
Dude Solutions will offer Mobile311 GIS tools that extend the power of Dude Solutions’ offerings into clients’ spatial asset management programs. Mobile311 clients will have access to Dude Solutions’ market-leading innovations and superior product delivery and support. The platform allows mobile workers to access work orders and other critical geographic data in the field while giving supervisors additional reporting and analytical insights for increased efficiency.
“There is a growing movement to utilize the power of mobile to better manage the complexities of operational asset management. With this acquisition, together we can provide the very best mobile GIS and mapping product in the market combined with Dude Solutions world-class delivery and support,” said Chuck Wright, president of Mobile311. “Building on our collective knowledge base of the operational must-haves for success, the combined organization will be a powerhouse in the marketplace.”
Mobile311 is Dude Solutions’ second 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. The Mobile311 team has joined Dude Solutions and will now operate from Dude Solutions’ headquarters in Cary, N.C. Last month, Dude Solutions acquired Windmill Software.
Based in Sanford, NC, Mobile311 offers a unique, powerful, patent pending GIS (geographical information system) and mobile app that aids in spatial asset management for municipalities, particularly public works. For more information, please visit www.mobile311.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 increase efficiencies, improve service and save money. 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.