Clearent Acquires Field-Services-Management Solution Wintac
Deal expands Clearent's portfolio of software solutions serving companies in the field-services-management industry
ST. LOUIS, Sept. 22, 2020 /PRNewswire-PRWeb/ -- Payment-solutions provider Clearent has acquired Wintac, a field-service-management software solution primarily targeting residential contractors providing HVAC, plumbing, electrical and other home-repair services. Purchased from Dundee, Illinois-based Davisware, LLC, Wintac will become part of FieldEdge, a wholly owned subsidiary of Clearent. Financial terms of the transaction were not disclosed.
Clearent announced the move as the latest example of its effort to grow market share in the mechanical contractor/field-services-management (FSM) segment. The addition of Wintac will help FieldEdge expand its current market-leading position as a provider of FSM solutions.
"We are happy to welcome Wintac customers to the FieldEdge family," said Connie Certusi, president of FieldEdge. "We look forward to engaging with these customers in the coming year to understand their needs as they relate to managing their field-service organization, to address those needs through FieldEdge, and to offer a cost-effective and smooth transition to FieldEdge when they are ready."
Both FieldEdge and Wintac are considered to be pioneers in the FSM space with a combined 72 years in business (the Wintac brand dates back to 1988, and FieldEdge to 1980). FieldEdge's market leadership and depth of experience serving mechanical contractors in HVAC, plumbing, electrical and other home-repair-service industries was a key reason Davisware, LLC, opted to sell the brand to Clearent Software Holdings.
"In Clearent and FieldEdge, we found the right home for our Wintac customers," said Jennifer Davis, CEO & Cofounder of Davisware, LLC. "I felt it was important that we match our loyal Wintac customers with software purposefully built to serve residential contractors and technicians. FieldEdge's growing list of features, coupled with Clearent's cloud-based payment solutions, will give Wintac's customers the tools they need to grow and thrive. The Wintac transaction also enables Davisware to focus on its core segments and customers outside residential contractors with Davisware's industry-leading GlobalEdge and Vision solutions."
Originally founded in 1980 to help its founders run their own HVAC contracting business, FieldEdge has experienced tremendous growth and overall success in the service management software industry. With this acquisition, the Field Services division within Clearent services nearly 100,000 users – ranging from small and midsized businesses up to enterprise level organizations with a focus on home/residential services – helping them achieve increased sales performance and workforce productivity. FieldEdge has experienced hyper double-digit growth since its purchase in March 2018. FieldEdge continues to grow organically and through acquisition, and Clearent continues to seek additional acquisitions in FSM and other vertical markets.
ABOUT FIELDEDGE
FieldEdge, a subsidiary of Clearent LLC, is the leading provider of SaaS business management solutions to the home service market. FieldEdge has helped thousands of service-based organizations increase sales performance and workforce productivity by managing all aspects of their daily operations since 1980. FieldEdge, with offices in Fort Myers, Florida, and Atlanta, is a hyper-growth software company with a startup culture that is backed by over 40 years of industry-leading knowledge. To learn more, visit fieldedge.com.
ABOUT CLEARENT
Clearent is a full-service payment solutions provider that helps small- and medium-size businesses securely accept payments through its proprietary, omni-channel platform. Independent software vendors (ISVs) and sales offices receive the tools they need to grow and scale through Clearent's partnership program, which delivers tailored payment solutions, sales models, and portfolio management technologies. Clearent actively pursues the acquisition of ISVs that represent a long-term strategic fit in attractive vertical markets. Headquartered in St. Louis, Clearent processes $20 billion in electronic payments each year and currently serves more than 800 channel partners and 55,000 merchants. To learn more, visit clearent.com.
ABOUT DAVISWARE
West Dundee, IL-based Davisware is a global software company that began in a family HVAC business in 1988. Thousands of companies use Davisware technology to manage, organize, and grow their service and contracting businesses to enterprise level businesses. By employing empathetic and creative problem-solvers, Davisware combines technical skills with industry expertise to create industry leading technology, analytics as well as best practices educational services. Helping its customers become exponential through the use of technology and education is how Davisware fulfills its mission of partnership in the growth and success of their customers businesses. For more information, visit the company's website at davisware.com.
SOURCE Clearent
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