Verisae, Inc. ("Verisae"), a leading global provider of maintenance,
energy, environmental and sustainability management SaaS, cloud-based
solutions, is pleased to announce that it has been acquired by Marlin
Equity Partners ("Marlin"). Based in Los Angeles, CA, Marlin is a
leading private investment firm with over $1 billion of capital under
management. With the change in ownership, Verisae is well positioned to
deliver value and innovation to customers on a global basis, helping
them enhance client satisfaction while reducing lifetime facility
"We are very excited to be partnering with a strong private equity
firm," commented Jerry Dolinsky, Verisae's CEO. "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, efficent 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 15-25%.
Jonah Sulak, a principal at Marlin, added, "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."
About VerisaeVerisae (www.verisae.com)
is the leading global provider of SaaS, cloud-based solutions that help
large retailers focused in grocery, food service and specialty retail
manage their maintenance, energy, environmental and sustainability
programs. Verisae customers improve their customer satisfaction, reduce
facility operating costs and increase profits by 15-25%. Verisae
delivers a broad range of solutions to 70 clients globally with more
than 100,000 active users across more than 29,000 sites worldwide.
About Marlin Equity PartnersMarlin Equity Partners (www.marlinequity.com)
is a global private investment firm with over $1 billion of capital
under management. The firm is focused on providing corporate parents,
shareholders and other stakeholders with tailored solutions that meet
their business and liquidity needs. Marlin invests in businesses across
multiple industries where its capital base, industry relationships and
extensive network of operational resources significantly strengthens a
company's outlook and enhances value. Since its inception, Marlin,
through its group of funds and related companies, has successfully
completed over 60 acquisitions. The firm is headquartered in Los
Angeles, California with an additional office in London.
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