BigTime Software Acquires WorkRails
BigTime Software Acquires WorkRails
bigtime software

BigTime Software Acquires WorkRails

CHICAGO, Nov. 7, 2024 /PRNewswire/ -- BigTime Software, a leading provider of time tracking, projectmanagement, resource management, invoicing, and payment solutions for professional servicesbusinesses, is excited to announce its acquisition of WorkRails, a company renowned for its advancedConfigure, Price, Quote (CPQ) and workflow automation platform built specifically for professional servicesorganizations. This strategic acquisition furthers BigTime's mission to provide end-to-end solutions thatempower professional services firms to streamline operations, optimize workflows, and accelerate growth.

The integration of WorkRails' CPQ functionality with BigTime's robust platform will offer professionalservices businesses a unified solution that spans project planning, resource management, financialforecasting, and sales automation. By merging these capabilities, customers will enjoy a seamlessexperience—from sales quoting and project initiation to resource allocation, invoicing, and payment—leading to greater efficiency and profitability.

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Acquisition Significantly Enhances ServicePoint’s Channel Business
Acquisition Significantly Enhances ServicePoint’s Channel Business
servicepoint

Acquisition Significantly Enhances ServicePoint’s Channel Business

Pine Brook, NJ – June 27, 2024 – ServicePoint, a portfolio company of Mill Point Capital LLC (“Mill Point”), announced today that it has completed a carve-out of High Wire Networks Inc.’s Technology Services Division (“HWTS” or the “Company”), an Illinois-based provider of technology solutions and managed services.

HWTS, is a channel-focused service provider of multi-site deployment and technical solutions predominantly catering to VARs, MSPs, MSSPs, system integrators and IT consultancies. Key services include networking solutions, unified communication installation, cabling services and managed services. The Company is headquartered in Batavia, IL and was founded in 2000.

Jose Bernal, Chief Executive Officer of ServicePoint, commented, “The acquisition of HWTS is highly complementary to ServicePoint as it continues to diversify our customer base and expands the service delivery team with great talent supporting our channel business. We are thrilled that HWTS and its customers are joining the ServicePoint family.”

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ServicePoint Acquires SmartSource
ServicePoint Acquires SmartSource
servicepoint

ServicePoint Acquires SmartSource

Pine Brook, NJ – April 3, 2024 – ServicePoint, a portfolio company of Mill Point Capital LLC (“Mill Point”), announced the acquisition of Smart Source LLC (“SmartSource” or the “Company”), a leading nationwide technology service provider.

SmartSource is focused on providing IT staffing, multi-site deployment and technical solutions, predominantly catering to VARs, OEMs, MSPs and Systems Integrators. Key end markets include financial services, hospitality, technology and retail, among others. The Company is headquartered in St. Charles, Illinois and operates throughout the United States.

With a talented management team, including Co-Founders Joe Iovinelli and Tony Iovinelli, SmartSource will continue to build upon its strong track record of growth and reliable execution. In addition, this investment immediately enhances ServicePoint’s service capabilities, customer reach and operational scale across its geographic footprint...

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ServicePoint Investment Supports the Continued Growth of INNO4
ServicePoint Investment Supports the Continued Growth of INNO4

ServicePoint Investment Supports the Continued Growth of INNO4

INNO4 is focused on designing, installing and supporting custom technology solutions for large enterprise customers. The Company’s solutions include data infrastructure, audio visual, IT services and managed services, while its core focus is on mission-critical systems for sophisticated facilities and technology rollouts. Key end markets include e-commerce & retail, healthcare, real estate, technology and financial services, among others. The Company is headquartered in Boston, Massachusetts and operates throughout the United States.

“We are excited to announce our partnership with both Mill Point and ServicePoint and look forward to embarking upon our next chapter of growth. This partnership creates a unique opportunity to capitalize on shared capabilities and resources, which will create tremendous value for our customers,” said Robert Feldman, Chief Executive Officer of INNO4.

“We have been extremely impressed by the entire INNO4 team and the strong foundation they have built. We are excited to have management continue in their roles and look forward to executing on the numerous growth opportunities and strategic initiatives ahead,” said Brandon Sarno, Vice President at Mill Point.

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BDV Solutions Appoints Karin Borchert as New CEO
BDV Solutions Appoints Karin Borchert as New CEO
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BDV Solutions Appoints Karin Borchert as New CEO

Seasoned executive to lead expansion of labor solutions firm.

GREENVILLE, S.C., Oct. 17, 2023 /PRNewswire-PRWeb/ -- BDV Solutions, the leading provider of untapped global talent to support the needs of hiring organizations, today announced that Karin Borchert has joined the firm as CEO.

With over 25 years of global experience in driving business strategy for revenue and margin growth, product and business innovation and M&A, Borchert is poised to accelerate enterprise value at BDV Solutions.

BDV Solutions founder and former CEO Britt Vergnolle commented, "As we enter a new chapter in the evolution of BDV Solutions, we worked hard to find the right candidate to take the company into its next stage of growth and expansion. Karin is a seasoned and successful leader who shares our passion for the company's mission and is the perfect leader to take BDV forward and accelerate growth opportunities. I look forward to serving as chairperson and working with her through this exciting time for the company."

BDV Solutions provides hiring organizations with access to untapped global talent and helps place workers in industries across the U.S. economy.

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Resident is a 2023 Inc. 5000 honoree
Resident is a 2023 Inc. 5000 honoree

Resident is a 2023 Inc. 5000 honoree

Resident is a 2023 Inc. 5000 honoree. The company is a culinary event creator presenting spectacular events in penthouses, members' only clubs and chef demonstration kitchens. More info about the company can be found on this website http://meetresident.com.

Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2022.

 

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CONTACT
I've known Jeff for years and have valued his partnership, experience and advice immensely since the first time we met. Jeff is a true operator and has been an entrepreneur, building companies long before it was commonplace. He gets energy from pulling up a chair and diving into the details to help think through any problem, large or small...
- Irving Fain, Bowery
- Irving Fain, Bowery
I met Jeff when I was an executive at Kustomer where he was our first investor. Since that time we’ve collaborated on business strategy, team building and startups in general. As my company Backbone came to life Jeff and S12F were natural partners to help launch our business.
- Rob Baily, Backbone
- Rob Baily, Backbone
I've known Jeff professionally now for over 6 years, first working for him in an operational capacity, and then as an advisor turned investor in my company. For any early-stage founder, Jeff is about as well-connected and helpful that you could find and has been a valuable resource to me and my team. I'm excited to continue working with him and the S12F team in the future!
- Ben MacKinnon, Kard
- Ben MacKinnon, Kard
We met Jeff prior to starting Kustomer and were thrilled to have him as an early investor in Kustomer
- Brad and Jeremy, Founders Kustomer
Kustomer
Jeffrey was an investor in my company who turned into an invaluable advisor. I turned to him when we were in a challenging time and he used his experience and his trademark wisdom to advise me on how to right my ship. He was not only skilled in all the ways I needed, but he was incredibly supportive and motivating throughout a challenging time and a subsequent successful exit. He left an indelible mark on my company and on me as a leader.
- Samantha Ettus, Park Place Payments
Park Place Payments
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ACQUISITIONS

We look to acquire easy to understand software and tech enabled service businesses that can exist as a standalone operation with an engaged team for the long term. We will expect our businesses to be or become cash flow positive and we will use a portion of this cash flow to make new investments.

If you engage with us, we will give you fast straight answers as to our process, timing and valuation.

Tony Weiss

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Tony is an experienced executive, entrepreneur and investor. He has launched start-ups, led turnarounds and held executive leadership positions including the CEO of CompUSA. He helped build it into a Fortune 500 company.  His drive, strategic thinking, people skills, operational excellence, and marketing instincts have been proven throughout his 30+ year career. 

As an executive, Tony’s focus revolved around the customer, operations, and marketing. He believes by successfully focusing on those three areas you will have a highly profitable business with high margins and multiple strategic opportunities for value creation. 

Prior to working with S12F, Tony was a founding partner with FMW Investments which invests in multi-family housing and commercial real estate. Additionally he was the CEO of CompUSA, and Vice President of Global S&P for Dell. Currently, Tony serves on boards, invests and performs advisory work across his investment portfolio.