Marlin Equity Partners Acquires Verisae
New Ownership Provides Verisae Resources to Extend Market-Leading Position in the Retail Industry
MINNEAPOLIS, January 10, 2013-- 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 operating costs.
"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, 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 15-25%.
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."
Verisae (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 Partners
Marlin 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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