FM:Systems Group, LLC
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FM:Systems Group, LLC - overview
Established
1984
Location
Raleigh, NC, US
Primary Industry
Software
About
FM:Systems, based in the US, develops Integrated Workplace Management Solutions (IWMS) that enhance facility operations, optimize space management, and improve employee experiences across diverse sectors. Founded in 1984 and headquartered in Raleigh, US, FM:Systems Group, LLC specializes in Integrated Workplace Management Solutions. The firm was acquired by Johnson Controls, Inc. on July 16, 2023, for USD 455 mn from Accel-KKR.
Michael Schley is the founder, and Kurt von Koch serves as the CEO. FM:Systems offers a comprehensive suite of Integrated Workplace Management Solutions (IWMS) designed to optimize facility operations, enhance space management, and improve employee experiences. Their core products include solutions for space management, facility maintenance, visitor management, and workplace analytics, all integrated into a single platform. This technology allows organizations to capture and analyze data in real-time, facilitating informed decision-making regarding space utilization and environmental conditions.
The platform is especially beneficial for clients across corporate, government, healthcare, and educational sectors, serving a global clientele in over 80 countries. FM:Systems generates revenue primarily through a subscription-based model for its IWMS platform, offering clients access to tailored functionalities. Clients typically pay annual subscriptions for flagship products like FMS:Employee and FMS:Workplace. This pricing structure accommodates various organizational sizes and includes additional feature options based on client requirements, directly engaging with B2B clients to enhance operational efficiency and workplace experiences.
Following the acquisition by Johnson Controls, Inc. , FM:Systems aims to enhance its openBlue digital building capabilities and expand its service offerings globally. The recent funding will be utilized to support these initiatives, although specific details about new product launches or regional expansions have not been disclosed.
Current Investors
Accel-KKR
Primary Industry
Software
Sub Industries
Systems Management Software, Logistics Software, Analytics & Performance Software
Website
www.fmsystems.com
Verticals
Cloud Computing, Real Estate Tech
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
FM:Systems Group, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | FM:Systems Group, LLC | - | ||||||||
| Add-on | Completed | WizzPass | - | ||||||||
| Add-on, Trade Sale | Completed | Rifiniti Inc. | - | ||||||||
| Growth | Completed | FM:Systems Group, LLC | - |
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