User:Leo Palmaro/sandbox
| Company type | Privately held |
|---|---|
| Industry | Computer software |
| Founded | 2021 |
| Headquarters | , |
Area served | Worldwide |
Key people | Mike Sabin (CEO) Marc Friedman (Chairman) |
Number of employees | 500 (2024) |
| Website | revalizesoftware |
Revalize, Inc. is an American multinational computer technology company headquartered in Jacksonville, Florida, United States.[1] It provides enterprise software and cloud-based applications to manage business operations and streamline manufacturing processes.
The company suite of software includes configure price quote (CPQ), computer-aided design (CAD), engineering simulation, product lifecycle management (PLM), data management, product visualization, and analytics.
As of 2024, Revalize operates on a global scale with a workforce of over 500 employees.[2]
History
[edit]Revalize was founded on June 29, 2021, by TA Associates ("TA"), a global growth private equity firm, and ST6, a consortium of software operating executives, with a vision to create a leading provider of sector-specific software and SaaS solutions for the manufacturing industry.[3]
The company was established through the strategic acquisition of key technologies: Configure One CPQ and FPX Selling Cloud for sales configuration, PIPE-FLO for fluid flow analysis, and Lighting Analysts for a photometric analysis, together forming the foundation of Revalize's technology portfolio.[4] This foundation was further shaped by Hg Capital through a merger and acquisition operation, which contributed to Revalize's acquisition-driven expansion within the software solutions sector.[5][6]
Revalize formation was marked by the acquisition of AutoQuotes ("AQ"), from Luminate Capital Partners, a technology company specializing in the development of software for the food equipment and supplies (FES) industry.[7] Under the leadership of Jim Contardi, the former CEO of AutoQuotes and Avitru, Revalize set out to amalgamate sector-specific software solutions.[8]
In August 2021, Revalize expanded its portfolio by acquiring four additional companies:
- Attainia Holdings, a provider of software for planning, budgeting, forecasting, and tracking healthcare capital assets throughout their lifecycle.
- BCA Technologies, a company specializing in software solutions for the architecture, engineering, and construction (AEC) sectors.
- LeadMethod, a developer of lead management software designed to improve the sales process for manufacturers and their distributors.
- MicroD, a company offering digital marketing and web design services, as well as eCommerce and product visualization solutions for the home furnishings industry.[9]
In October 2021, Revalize expanded into continental Europe with the acquisition of Sofon from Main Capital Partners (“Main”), a Netherlands-based guided selling, and CPQ software.[10][11]
In November 2021, Revalize further expanded its footprint in the manufacturing software industry by acquiring three additional European companies, incorporating five respective brands.[12] The acquisitions included:
- PROCAD Group, formerly headquartered in Karlsruhe, Germany, known for its comprehensive product lifecycle management (PLM) and product data management (PDM) solutions, serving over 1,350 customers with more than 250 employees across 12 locations. The group was formed from the merger of PROCAD with Keytech and ACATEC, enhancing Revalize's capabilities in PLM and CPQ solutions for manufacturers.[13][14]
- SpecPage, previously based in Kussnacht, Switzerland, a developer of innovative PLM and quality assurance solutions tailored for recipe-based, process manufacturers, focusing on the complex aspects of product labeling in global competition for consumer packaged goods (CPG).[15]
- TENADO, acquired from Maxburg Capital Partners and originally located in Bochum, Germany, is a provider of computer-aided design (CAD) software for various sectors including metal and wood fabrication, mechanical engineering, fire protection, and traffic management, with more than 30,000 active users.[16]
Across 2022 and 2023, Revalize saw some notable leadership changes; Bryan Klann joined as Chief Revenue Officer, and Ruben Mier, previously at Seismic, took on the role of Senior Vice President of Marketing. Alex Nagyivan from ADP was appointed Vice President of Revenue Operations, and Keith Tice, became Vice President of Corporate Development.[17]
In July 2023, Revalize announced Michael Sabin was appointed as CEO, succeeding Jim Contardi, who led Revalize since its formation.[18]
In October 2023, Revalize broadened its capabilities in the foodservice equipment and supplies (FES) industry by acquiring Kochman Consultants, Ltd. (KCL), a provider of commercial foodservice design software.[19]
References
[edit]- ^ Moore, Logan (Jun 29, 2021). "Revalize's move to Jax adds to growing tech sector along First Coast". Jacksonville Business Journal. Retrieved 2024-03-12.
- ^ Progressio, Pro (2024-02-05). "Revalize builds a CoE in Poznań | Interviews | FOCUS ON Business - Created by Pro Progressio". FOCUS ON Business (in Polish). Retrieved 2024-03-13.
- ^ "TA Associates Forms Revalize". FinSMEs. 2021-07-06.
- ^ Dixon, Drew (2021-06-30). ""Revalize tech company evolves out of company acquisitions, plots headquarters in Jacksonville"". The Florida Times-Union.
- ^ Latour, Abby (2021-11-18). "Revalize nets $353M incremental loans backing M&A, Hg Capital investment". S&P Global Market Intelligence.
- ^ Seymour, Andrew (2021-11-18). ""Revalize makes triple acquisition as new investor hops aboard"". Catering Insight.
- ^ Nicholls, Clare (2021-06-30). ""AutoQuotes acquired by private investor as part of mass merger"". Catering Insight.
- ^ Report, The Ashton (2019-06-05). "Technology Veteran Jim Contardi Named AutoQuotes CEO". The Ashton Report. Retrieved 2024-03-23.
- ^ Gula, Laura (2023-10-11). "Revalize Expands Foodservice Equipment & Supplies Portfolio with Latest Acquisition".
- ^ Schuitevoerder, Ramon. "Main Capital Partners and Founder sell Sofon to Revalize, a portfolio company of TA Associates". The CFI Group.
- ^ Farman, Madeleine (2022-02-14). "European PE buy-and-build deals surge as valuations heat up". S&P Global Market Intelligence.
- ^ "Revalize Plans to Acquire 3 European Software Companies". Pumps & Systems. 2021-11-17.
- ^ ""PROCAD Group acquired by Revalize in Jacksonville"". Industrie Digitalisierung. 2021-11-17.
- ^ ""DLA Piper advises Revalize, Inc. on the acquisition of PROCAD group"". DLA Piper.
- ^ "Exit: Maxburg Capital sells Tenado to Revalize / TA Associates". For Your Business. 2021-11-23.
- ^ ""DLA Piper advises Revalize, Inc. on the acquisition of Tenado"". DLA Piper. 2021-11-23.
- ^ "Global technology company welcomes new executives to support sustained growth". What's Up Jacksonville. 2021-12-07.
- ^ Wolfe, Wes (2023-07-24). "New Revalize CEO Mike Sabin looks at the path ahead". The Business Journals.
- ^ "Revalize buys foodservice design software provider KCL". Verdict Food Service. 2023-10-12.