FieldEdge (formerly dESCO) and its parent, integrated payment-solutions company Clearent, announced the acquisition of Coolfront Technologies. Coolfront, a leader in flat-rate pricing and maintenance agreement management systems in the HVAC, plumbing and electrical industries, will retain its existing brand and operate as an independent subsidiary of FieldEdge under the Clearent Software Holdings portfolio of companies. Financial terms of the transaction were not disclosed.
“At Clearent, we have pursued sustainable growth through acquisition of SaaS companies in select verticals, including field services, and allowing them to thrive as independently operating subsidiaries,” said Dan Geraty, CEO of Clearent. “Given the synergies Coolfront and FieldEdge can achieve together, this acquisition provides a perfect growth opportunity for both companies.”
As a result of the acquisition, both FIeldEdge and Coolfront will benefit from shared resources and have the unique ability to span markets. Historically, FieldEdge has provided its field-service management solution to customers ranging from small and midsized business up to enterprise level organizations, while Coolfront has provided its mobile field-service-management offering and flat-rate pricing tool to smaller contractors. Through a new dual-approach, FieldEdge and Coolfront will serve the entire range of clients within the industry and have the opportunity to serve customers during each stage of their business lifecycle.
“The Coolfront acquisition allows FieldEdge to further extend our market share and service offerings by granting us increased ability to grow alongside customers,” said Connie Certusi, president of FieldEdge. “The capability to scale our services to our customer’s needs means we are able to form lasting business relationships with these companies, creating customers for life.”
“Joining FieldEdge allows Coolfront to provide additional resources to our customers, who can currently begin using the mobile app and flat-rate pricing guide immediately, without an implementation period,” said Paul Baccaro, vice president of operations and product development at Coolfront. “We are excited to join forces with FieldEdge, because this is going to change the market landscape, providing the best solution available to the end user, no matter the size of their business.”
Launched in 1999, Coolfront Books and Coolfront Mobile have been used to price more than 100 million service calls. Backed by an unmatched parts and repairs database, zero-cost mobile work-order and invoice-management tool and flat-rate pricing, CoolFront has become a leader in the service industry. Today, Coolfront is focused on improving the online adventure for customers by constantly adding features and product improvements to its pricing app and service-agreement software. For more information, visit www.coolfront.com.
FieldEdge is the leading service-management software company, enabling contractors to run their businesses with ease. For 40 years, FieldEdge has helped thousands of organizations increase sales performance and productivity by managing all aspects of their daily operations. Having experienced double-digit growth in 2018, the company will continue on this trajectory in 2019 with innovative product features and partnerships. FieldEdge has offices in Fort Myers, Florida, and Atlanta. For more information, visit www.fieldedge.com.
Clearent is a full-service payment solutions provider with more than 500 employees, 45,000 merchants and $17B in processing volume. Clearent helps small business owners securely accept payments anywhere and offers turnkey payment integration for independent software vendors (ISVs) who want to grow their business. Advent International merged FieldEdge with Clearent in March 2018 to join Clearent’s platform of ISVs servicing vertical markets with integrated payment solutions. The company has been named to several prestigious lists year after year, including the Inc. 5000 list of fastest-growing companies, The Nilson Report’s list of top U.S. merchant acquirers, and The St. Louis Post-Dispatch Top Workplaces award. For more information, visit clearent.com.