A Bristol field service management software firm with more than 30,000 users has been bought by a leader in the sector, positioning it as the largest provider in the UK.”
Clik Software’s acquisition by Joblogic increases what was its previous competitor’s subscriber base by 50%, instantly, propelling it into the leading position in the UK field service management (FSM) software market.
The transaction, for an undisclosed sum, includes Clik’s client base of 30,000 users, all related assets and intellectual property, as well as all 40 employees.
Clik, which was launched 21 years ago and is based in the Tobacco Factory in Southville, said by joining the Joblogic group, it would strengthen its position as a leader in the sector.
Field service software helps contractors save time, increase productivity and achieve rapid growth by centralising service operations in one piece of software.
It ensures seamless communication between back offices, field engineers, and customers, leading to transparency and overall efficiency.
Clik’s customers will remain fully supported by Joblogic and the teams have already began collaborating and accelerating the cloud launch of Clik’s market-leading electronic certification software.
The acquisition is the second for Birmingham-headqiartered Joblogic following a cash-for-shares injection by Axiom Equity and acquisition of Protean Software last year and forms part of Joblogic’s ambitious UK and international expansion strategy.
The takeover is being funded by internal cash flow and a line of credit from funding partners CIBC (Canadian Imperial Bank of Commerce).
Joblogic CEO James Whatmore said: “The acquisition of Clik is a strategic step that aligns perfectly with our plans to expand in the UK FSM market.
“We pursued this deal for a number of reasons, including our aim to grow the team by attracting top talent and our deep respect for Clik’s accomplishments. Their team is experienced, shares our values and aligns well with our company culture.
“Clik’s customer-first approach mirrors our own and their client base is similar to ours, giving us confidence in a seamless integration.
“We’re already working on the cloud launch of Clik’s electronic certification software and are excited to provide their customers with innovations and new functionality to their current products.”
“I’m extremely excited about the merge, as it allows Clik to become part of the largest FSM software solution provider in the UK, bringing innovative cloud software to our customers, whilst also adding more development resources to our existing products.”
Clik founder and managing director Paul Snowden said: “We share common values and together we hold decades of expertise in the FSM and certification software marketplace, giving us collectively a very strong portfolio of both products and services to offer existing and future clients.
“Equally importantly, the merger offers wider opportunities for career progression for the staff at Clik.”
Joblogic is backed by Axiom Equity, the UK B2B SaaS investor, with CIBC’s continued partnership. West Midlands law firm Higgs advised on the Clik acquisition.