Draft:Revalize
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| 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's software suite 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]
Formation[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 the aim to establish a provider of sector-specific software and SaaS solutions for the manufacturing industry.[3]
The company's portfolio was established through the acquisition of multiple technologies:
Configure One CPQ and FPX Selling Cloud for sales configuration, PIPE-FLO for fluid flow analysis, and Lighting Analysts for a photometric analysis.[4] The portfolio was further influenced by Hg Capital through a merger and acquisition operation, which contributed to Revalize's acquisition-driven expansion within the manufacturing software solutions sector.[5][6]
Revalize's 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, marked its official formation as a unified technology company.[7] This acquisition introduced Jim Contardi, the former CEO of AutoQuotes and Avitru, as CEO of Revalize, to establish a portfolio of industry-specific software revenue operations solutions[8]
Acquisitions[edit]
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 providing 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, a Netherlands-based guided selling, and CPQ software, from Main Capital Partners (“Main”), [10][11]
In November 2021, Revalize further expanded its portfolio 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, which added onto Revalize's products offerings in PLM and CPQ solutions for manufacturers.[13]
- SpecPage, previously based in Kussnacht, Switzerland, a developer of 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).[14]
- TENADO, acquired from Maxburg Capital Partners and originally located in Bochum, Germany, 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.[15]
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.[16]
Leadership[edit]
In July 2023, Revalize announced Michael Sabin was appointed as CEO, succeeding Jim Contardi, who led Revalize since its formation.[17]
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.
- ^ "Revalize builds a CoE in Poznań". Focus on Business (in Polish). 2024-02-05. 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.
- ^ "Technology Veteran Jim Contardi Named AutoQuotes CEO". The Ashton Report. 2019-06-05.
- ^ "Revalize Acquires MicroD". Mergr. 2021-08-31.
- ^ Moore, Logan (2021-10-05). "Revalize acquires Netherlands-based software provider Sofon. Here's what the deal brings". Jacksonville Business Journal.
- ^ 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.
- ^ "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.
- ^ "Revalize buys foodservice design software provider KCL". Verdict Food Service. 2023-10-12.
- ^ Wolfe, Wes (2023-07-24). "New Revalize CEO Mike Sabin looks at the path ahead". The Business Journals.