Combined Company Receives Strategic Investment from JMI Equity to Accelerate Growth
BOSTON, NEW YORK, and MELBOURNE, December 5, 2018 – ARCHIBUS, an industry-leading integrated workplace management system (IWMS) platform, and Serraview, a cloud-based provider of space optimization and workforce enablement software, today announced that they have merged to create the leading provider of solutions for managing the modern built environment. JMI Equity, a growth equity firm focused on investing in leading software companies, has made a strategic growth investment as part of the transaction. Terms of the deal were not disclosed.
This powerful business combination unites ARCHIBUS’ comprehensive suite of real estate, infrastructure, and facilities management solutions with Serraview’s cloud-first, employee-centric space management software to help organizations optimize the “Workplace of the Future.” The combined company will be led by Wain Kellum, a seasoned technology executive.
“ARCHIBUS and Serraview share a commitment to providing customers with the software solutions they need to optimize their workplace resources and physical assets to provide an environment that will attract and motivate today’s dynamic workforce,” said Wain Kellum, Chief Executive Officer of the combined company. “With the modern, people-centric focus of Serraview’s solution and ARCHIBUS’ market-leading products, the combined platform is best positioned to address modern workplace trends across many industries.”
The combined company will offer thousands of customers around the world an integrated, IoT powered, user-friendly platform to effectively manage their real estate facilities, infrastructure, workplace assets, and enable employees. The company’s technology enables a seamless experience for workplace executives, facilities managers, and employees of global, forward-thinking organizations. With the strategic partnership of JMI Equity, the company will accelerate investments in product development and customer success initiatives.
“Serraview was founded on the principle of providing companies with an intuitive way of managing all of their real estate in a way that creates efficient and effective people-centric workplaces,” said Stephen Macnee, co-founder of Serraview. “Now, together with ARCHIBUS, we can reach a larger audience and accomplish our mission of giving employers and employees the solutions they need to best utilize their space.”
“The combination of ARCHIBUS and Serraview creates a clear market leader equipped to meet the increasing demand for modern, connected and flexible workspaces,” said Brian Hersman, General Partner of JMI Equity. “We’re excited to partner with the management teams of ARCHIBUS and Serraview to drive continued success and growth.”
KeyBanc Capital Markets is serving as exclusive financial advisor to Serraview, and Cooley is serving as legal counsel. Mintz Levin is serving as legal counsel to ARCHIBUS. Goodwin is serving as legal counsel to JMI Equity.
ARCHIBUS leads the global marketplace in applying comprehensive technology solutions and services to manage your built-environment. ARCHIBUS’ worldwide Federated Ecosystem enables organizations across the globe to consolidate systems onto a single integrated platform for all the data, planning and operations of real estate, infrastructure and facilities. For more information, visit www.archibus.com.
Serraview is a global provider of space optimization solutions created to enable forward-thinking organizations to deliver today's modern workplace. Serraview’s solutions are designed to increase real estate portfolio utilization, streamline operations, and enable smarter, more productive work environments. Serraview is a platform at the intersection of people, place and technology - driving a future that is good for business and great for people. For more information, visit www.serraview.com.
About JMI Equity
JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 140 businesses in its target markets, successfully completed over 90 exits, and raised more than $4 billion of committed capital. JMI partners with exceptional management teams to help build their companies into industry leaders. For more information, visit www.jmi.com.
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For JMI Equity: Chuck Dohrenwend or William Braun
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