Mpls’ Verisae Buys East Coast Software Firm

Mpls’ Verisae Buys East Coast Software Firm

Verisae said that, by combining the two companies, it will be able to expand its capabilities in workforce management.

Verisae, Inc., a Minneapolis-based maker of cloud-based software, announced Tuesday that it acquired Massachusetts-based mobile workforce software company ViryaNet for an undisclosed sum.
 
Verisae provides software that helps companies in the grocery, retail, and food service industries manage their equipment maintenance, energy usage, and environmental efficiency. The company is purchasing ViryaNet so it can adopt its technology platform, which helps manage mobile workforces optimize their fieldwork.
 
“ViryaNet is a strategic acquisition to Verisae’s family of cloud software products,” Verisae CEO Jerry Dolinsky said in a statement. “By adding ViryaNet’s comprehensive mobile workforce capability to our end-to-end facility platform, our customers will have the ability to improve the productivity of their mobile workforce.”
 
ViryaNet will become a business unit of Verisae and its staff will remain intact after the deal closes, which is expected to occur in the third quarter of this year.
 
The two companies said the acquisition will allow them to offer one another’s services to all of their respective customers.
 
“The acquisition is an exciting opportunity to continue our mobile workforce management journey and deliver innovative solutions that empower service organizations to achieve their business goals,” ViryaNet President and CEO Memy Ish-Shalom said in a statement. “Together with Verisae we are better positioned to accelerate the delivery of our joint vision, which will benefit our employees, customers, and future growth.”
 
Verisae said that 35,000 companies currently use its cloud-based software in 20 different countries.
 
ViryaNet’s software helps manage mobile workforces that aren’t meeting their goals by creating efficient work orders, scheduling and dispatching field personnel, tracking equipment, and managing inventories.

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