The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Joblogic Acquires Competitor Protean Software

Joblogic Acquires Competitor Protean Software
03 August 2023
 

Field service management software provider Joblogic has acquired Protean Software, one of its competitors in the sector.

As well as the company’s assets and the absorption of its client base of more than 10,000 users, Protean’s 50 employees will join the Joblogic team at the company’s central Birmingham offices. The deal increases Joblogic’s subscriber base by 50 per cent.

The acquisition is the first major transaction following Joblogic’s recent investment by Axiom Equity, and forms part of Joblogic’s UK and international expansion strategy. The acquisition is being funded by internal cash flow and a new line of credit from CIBC Innovation Banking.

Commenting on the deal. Joblogic’s CEO James Whatmore said: "It's a strategic acquisition that's going to accelerate our growth goals for the UK FSM market. We wanted to do this deal for a number of reasons. Most importantly we're scaling up our own teams and trying to hire the best people in the industry. We respect Protean and what they've built over the past 20 years. We know that their team is experienced, built on integrity and is culturally aligned with ours. They're client focused and that's important to us. Also, their customer base is very close to ours. This gives us high confidence in making our collaboration a success. We can offer them enhanced support on their current product with an exciting option to move to the best cloud FSM product on the market when they're ready."

“I’m delighted that our business has been acquired by a company with similar focus and values to ours and I am confident that the employees and customers of Protean could not be in better hands,” commented Bob Anderson, its long-term chief executive officer, who is stepping down following the conclusion of the deal.

“The combined knowledge of Joblogic and Protean creates a company unmatched in the field service management software sector globally.”

Picture: a photograph of the Joblogic team. Image Credit: 

Article written by Ella Tansley | Published 03 August 2023

Share



Related Articles

Trane Technologies Completes Acquisition of Nuvolo 

Trane Technologies, the home of building technology brands Trane and Thermo King, has completed its acquisition of asset management workflow software provider...

 Read Full Article
CBRE Acquires UK Asset Management Business

CBRE has acquired Sovereign Centros, a UK asset management and development management business. Sovereign Centros provides asset management for shopping centres and...

 Read Full Article
Planet Mark Acquired by Alcumus

Sustainability certification company and ThisWeekinFM Partner Planet Mark has been acquired by Alcumus. The move will allow Planet Mark to expand its client and...

 Read Full Article
Mitie Acquires Cliniwaste

Mitie has acquired healthcare waste disposal company Cliniwaste to bolster its clinical waste management provision. Cliniwaste, which specialises in treating plastic...

 Read Full Article
First Response Group Acquires Integrated Security Consultants 

First Response Group has acquired Wembley-based stadia security specialist Integrated Security Consultants. The acquisition will allow First Response Group (FRG),...

 Read Full Article
Equans to Sell its UK District Heating and Cooling Network Activities

Equans, a subsidiary of the Bouygues group, is to sell its UK district heating and cooling network portfolio to a consortium formed by Swiss Life Asset Managers and...

 Read Full Article
Apleona Acquires Cambridgeshire-Based JCW Group

Global IFM provider Apelona has acquired JCW Group, a technical facilities management provider based in Royston, Cambridgeshire. The financial details of the...

 Read Full Article
Osborne Property Services Sold to Cargo Group

South-west-based building maintenance firm Cardo Group has acquired Osborne Property Services Limited. The move forms part of Cardo’s strategy to build a family...

 Read Full Article
Mitie Acquires JCA Engineering for £31.5m

Outsourcing firm Mitie has acquired Stevenage-based engineering contractor JCA Engineering in a deal worth £31.5 million. Mitie will pay an initial cash payment...

 Read Full Article
Great Portland Estates Acquires Soho Square Estate

Great Portland Estates plc has announced the acquisition of King Sloane Properties Limited, which owns the freehold interests at 16/19 Soho Square. The estate...

 Read Full Article