AUSTIN, TX – NetVendor, a leading provider of vendor management and compliance monitoring software to property managers in the United States, has acquired ServusConnect, a provider of maintenance operations and analytics software to multifamily property managers.
ServusConnect’s solution helps property managers streamline their maintenance operations by automating work order management, field technician and third-party vendor communication, tenant feedback, and managerial analytics. ServusConnect began in 2014 with the intention of making it easy for property managers to collaborate with their service professionals and conduct business simply, quickly, and in a way that enhances relationships.
“By bringing together these two innovative companies, we have created a truly unique offering for property operations in the real estate market,” said Dave Cooper, CEO of NetVendor. “We are significantly elevating the value benefit for clients and the market by providing property managers a simple, integrated solution for optimizing vendor relationships, managing and tracking operations, maximizing resident satisfaction, and analyzing and improving performance.”
In addition to deepening NetVendor’s presence in the multifamily property management market, the acquisition of ServusConnect enhances NetVendor’s product roadmap. The combined NetVendor and ServusConnect solutions create a powerful and unique platform which enables property managers to find, qualify, manage, and analyze their third-party vendors and contractors.
“We are beyond excited about this transaction, how it will benefit our clients and partners, and the ways it will further fulfill our vision to make all things maintenance operations as simple and easy as possible for multifamily clients,” said Jamie Wohlschlegel, Founder and CEO of ServusConnect.
Greenridge supported NetVendor’s acquisition through due diligence and arranging financing to fund the transaction. Said Dave Cooper, “Greenridge was a fantastic partner all along the way from source to close on this highly complementary solution. They stayed closely aligned with the leadership team and executed every phase of the transaction with precision and finesse.”
“We are thrilled to bring ServusConnect’s outstanding team and robust maintenance operations product under the NetVendor umbrella,” said Ben Moss, Partner at Greenridge Growth Partners and board member at NetVendor. “This combination unlocks tremendous value for the property management partners and service professionals these two companies serve.”
Founded in 2014, ServusConnect is a provider of Software-as-a-Service-based maintenance operations solutions to the property management industry. ServusConnect helps property managers streamline their maintenance workflows and enables better collaboration between property managers and service professionals. For more information, visit www.servusconnect.com.
Founded in 2011, NetVendor is a provider of Software-as-a-Service-based credentialing and compliance solutions to help property management companies track and monitor their vendor networks. By streamlining critical vendor management workflows, NetVendor helps property managers save time, reduce risk, and more effectively manage geographically dispersed vendor networks across multifamily, commercial, student housing, affordable housing, senior living and HOA properties. For more information, visit www.netvendor.com.
About Greenridge Growth Partners
Greenridge Growth Partners is a growth-oriented private equity firm based in Austin, TX. Greenridge seeks to invest alongside outstanding entrepreneurs and business owners looking for the right partner to help them build market-leading businesses. The firm pursues a sector-focused approach within the lower middle market, with an emphasis on enterprise software and technology-enabled service businesses. For more information on Greenridge, visit www.greenridgegrowth.com.