Verisae, a provider of maintenance, energy, environmental and sustainability management SaaS, cloud-based solutions, has been acquired by Marlin Equity Partners.
Based in Los Angeles, Marlin is a private investment firm with over USD1bn of capital under management.
"We are very excited to be partnering with a strong private equity firm," says Jerry Dolinsky, Verisae’s chief executive. "Marlin brings access to best practices, technology resources and capital, enabling sustained innovation and growth. With Marlin’s backing and Verisae’s comprehensive software offering, industry leadership and world-class client base, we look forward to accelerating our growth and extending our product solutions to service the evolving and rapidly changing needs of the grocery, food service and specialty retail markets."
The Verisae platform enables retailers to significantly reduce overall operating costs through active, efficient management of energy, asset lifecycles and environmental compliance. By integrating business information and processes in one data platform, with analytics to drive insight and fact-based decisions, Verisae helps improve customer satisfaction and boost bottom-line profits by 15 to 25 per cent.
Jonah Sulak, a principal at Marlin, says: "We are excited to partner with the industry’s leading SaaS provider and are committed to building on Verisae’s longstanding relationships with its blue-chip customers. This investment reflects our confidence in Verisae’s ‘Connected Facility’ platform and a management team with a proven track record."
