Bold Technologies and Perennial Software Merge
Two leading security software companies become one under the umbrella of EverCommerce
Colorado Springs, CO – 07/10/18. Bold Technologies, a leading provider of alarm monitoring software, is pleased to announce it has completed a long-planned merger with Perennial Software, the leader in business management software in the security industry. The companies will become one, with Bold bringing Perennial’s line of products, including SedonaOffice and AlarmBiller, under its umbrella.
To facilitate this merger, both Bold and Perennial have been acquired by EverCommerce, a leading multi-vertical service commerce platform. Perennial was acquired earlier this year in February, with Bold following on June 1st.
Bold and Perennial’s key management personnel will remain under the new EverCommerce acquisition: Rod Coles, the CEO of Bold Technologies, will become President of the newly merged company. Laurie Salim, President of Perennial, is now the VP of Operations, and Matt Narowski, VP of Operations for Bold, is now the VP 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 new company is going to be a formidable force within our industry.” He 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.”
“We could not be more excited to bring these two companies into the EverCommerce family and support this strategic merger,” said Matt Feierstein, President and COO of EverCommerce. “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.”
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, New Mexico, from July 31st to August 2nd. Interested parties can learn more at boldgroup.com.
About Bold Technologies
Bold Technologies is a leading provider of central station and PSIM software. Since 1981, we have shaped the development of contemporary alarm monitoring by introducing faster and more sophisticated software innovations. Our flagship product, Manitou, is fully expandable and can be installed on-premise or in a hosted, Cloud-based environment. With several Manitou product lines to choose from, this award-winning solution automates, manages and maintains “One Point of Control” while increasing efficiencies, profitability and security. Bold also provides the Phoenix alarm automation software; a value-based solution highly utilized in financial institutions, retail organizations, school districts and universities. Bold Technologies is a privately held company with US offices in Colorado and Texas, and a European office in Valencia, Spain. For more information on Bold Technologies, visit www.boldgroup.com or call 1-800-255-BOLD.
About Perennial Software
Over the last 20 years, Perennial Software has developed a reputation as the industry leader in security software. Trusted by 17,000 users and counting, its suite of powerful business management solutions is designed to provide companies of all sizes the tools they need to increase operational efficiency and maximize profits.
Perennial Software’s flagship product, SedonaOffice, remains the number one enterprise-level financial software developed specifically for security companies. The industry’s most elite organizations, including 65 SDM100 companies, trust SedonaOffice to help run and operate their businesses.
In 2014, Perennial Software introduced its second product, AlarmBiller. Designed to help small-to-midsize security dealers automate processes and centralize business documents and data, the cloud-based application is now the fastest growing software in its market segment.
EverCommerce is the leading multi-vertical service commerce platform, bringing together best-in-class marketing, business management, and customer retention solutions for service sector SMBs. Its solutions support the success of over 70,000 businesses in more than 100 verticals, including the home services, behavioral health, and health & wellness sectors. For more information, visit evercommerce.com.
July 10, 2018