ServicePower has announced its acquisition by Diversis Capital and subsequent delisting from the AIM market of the London Stock Exchange has been completed. Diversis will provide ServicePower with financial investment and business expertise to help it achieve long term growth and promote the ongoing successes of its partners, employees and customers, building upon the Company’s successful 2016 performance which featured double-digit revenue growth and EBITDA profitability.
Through the deployment of its transformational technology used by some of the largest companies in manufacturing, insurance, security, utilities and telecom, ServicePower helps any field based business with high-value assets or high job volume to grow revenues, add additional lines of service, and improve customer satisfaction resulting in rapid return on investment. ServicePower is the leader in working with customers to optimize the use of employed and extended workforces, allowing its customers to embrace the latest technology and business process innovations, including enabling ‘Uber-like’ capabilities.
“We are increasingly working in a world where customer service is paramount,” said Ron Nayot, Managing Partner at Diversis. “When we looked at where the best potential investment for Diversis would be, ServicePower was the clear choice. We believe market demand will continue to increase for the Company’s mobile workforce solutions and the business transformation it enables. Diversis is excited to partner with ServicePower to invest in its next phase of growth.”
“We really want to push the boundaries of what is possible so that our clients can deliver personalized services in the field that are remarkable, that make them stand out from the crowd in the eye of their customers,” said Marne Martin, CEO of ServicePower. “As a private company with the backing of a well-respected investment firm like Diversis, we can move faster and push harder than ever on the rollout of our industry-best artificial intelligence engine for scheduling, leadership in extended workforce management, and focused development for the core markets we serve. We are in a much better position to deliver on our considerable ambitions with both the financial and business guidance Diversis provides. We anticipate great success and continued growth.”