Bold Technologies, Perennial Software Merge After Being Acquired
EverCommerce, a service commerce platform, acquired Perennial in February and Bold on June 1. Bold will bring Perennial’s line of products under its umbrella.
COLORADO SPRINGS, Colo. — Bold Technologies, a leading provider of alarm monitoring software, has completed a merger with Perennial Software, a leader in business management software for installing security contractors.
To facilitate the combining of the two companies, Bold and Perennial were acquired by EverCommerce, a service commerce platform. Perennial was purchased in February, with the Bold acquisition completed June 1. Bold will bring Perennial’s line of products, including SedonaOffice and AlarmBiller, under its umbrella.
Bold and Perennial’s key management personnel will remain under the new EverCommerce acquisition, according to an announcement. Rod Coles, CEO of Bold Technologies, will become president of the newly merged company. Laurie Salim, president of Perennial Software, is now the vice president of operations. Matt Narowski, formerly vice president of operations for Bold, is now the vice president of technology for the new company.
“This merger and acquisition was an ideal choice for Bold,” says Coles. “[Perennial Software founder] Michael Marks and I had a strong partnership, and we knew given the right conditions, a merger would be a fantastic outcome for our customers and staff. EverCommerce believed in our vision, enabling us to combine the resources of Bold Technologies and Perennial Software.”
The combined company will be a formidable force within the security industry, Coles adds. “With the resources and backing EverCommerce provides, Bold now has the flexibility and financial stability to continue our company growth and realize future plans. We have already begun initiatives to create stronger, more integrated solutions that will target the whole security industry, and are exceptionally pleased to be part of the EverCommerce family.”
EverCommerce brings together best-of-breed commerce solutions in multiple service sectors to forming one service commerce platform with the goal to improve go-to-market strategy for technology companies and simply the software-buying process for business owners.
“I’m looking forward to working with the Bold and Perennial teams as they combine forces and build their long-term growth plans, providing even more value with their products and services to customers,” says Matt Feierstein, president and COO of EverCommerce.
Coles will share his vision for the new company along with immediate plans for the future at the 2018 Bold Users Conference taking place in Albuquerque, N.M., July 31-Aug. 2. To learn more about the conference, go here.
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