ATLANTA/FORT MYERS, Fla. — FieldEdge, formerly dESCO, announced the acquisition of Coolfront Technologies by its parent, Clearent Software Holdings. Coolfront will retain its brand and operate as an independent subsidiary of FieldEdge under the Clearent Software Holdings portfolio of companies. Financial terms of the transaction were not disclosed.
“The acquisition allows FieldEdge, combined with Coolfront, to further extend service offerings, and it gives us the ability to grow alongside customers,” said Connie Certusi, president of FieldEdge. “The capability to scale our services to our customers’ needs means we are able to form lasting business relationships with these companies, creating customers for life.”
FieldEdge and Coolfront both will benefit from sharing resources and having the unique ability to span markets. FieldEdge’s target market ranges from “small and midsized business” up to enterprise-level organizations. Coolfront provides an easy-to-use, zero-cost, mobile field service management offering to smaller contractors and a flat-rate pricing tool that spans all markets, regardless of business size. This new dual-approach by FieldEdge and Coolfront will provide a unique ability to serve a wider range of clients within the industry.
“Working with FieldEdge will allow us to provide our users with additional resources and a more robust management system as their needs grow,” said Paul Baccaro, vice president and general manager at Coolfront. “We are excited to be joining forces with FieldEdge because this is going to change the market landscape, providing the best solution available to the end user, no matter the size of their business.”
Dan Geraty, CEO of Clearent, also weighed in. "Given the complementary solution set that Coolfront and FieldEdge offer, this acquisition provides a perfect growth opportunity for both companies,” he said.
Coolfront marks Clearent’s fourth vertical software acquisition in the past 13 months.
Publication date: 2/12/2019