Hayes Software Systems, Inc.
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Hayes Software Systems, Inc. - overview
Established
1990
Location
Austin, TX, US
Primary Industry
Software
About
Hayes Software Systems, Inc. develops software solutions aimed at optimizing administrative operations within K-12 educational institutions, enhancing asset management and support services. Founded in 1990 and headquartered in Austin, US, Hayes Software Systems, Inc. focuses on providing software to streamline school operations.
The company was acquired by Frontline Technologies Group LLC from Transition Capital Partners and Plexus Capital on June 17, 2021, aiming to strengthen services for K-12 districts. CEO Matt Winebright leads the company, which has been involved in two funding rounds since inception. Hayes Software Systems, Inc. specializes in software solutions for K-12 educational institutions, including the Frontline Inventory & Help Desk Management system.
This solution enables efficient management of district assets, inventory tracking, and centralized help desk services, effectively addressing administrative challenges faced by schools. The software incorporates features such as asset tracking and audit management through barcode and RFID technology, serving over 10,000 schools across the United States. The company operates on a subscription-based revenue model, where educational institutions pay for access to software solutions tailored to their needs. Pricing structures vary per software module, including Inventory Management and Help Desk Management, allowing scalability for districts as their demands grow.
Revenue is generated through these subscription payments, reflecting the ongoing value of Hayes Software Systems, Inc. integrated solutions for K-12 environments. Following its acquisition by Frontline Technologies Group LLC in June 2021, Hayes Software Systems, Inc. plans to enhance its offerings and expand customer support.
The integration of its TIPWeb-IT and TIPWeb-IM solutions with Frontline's existing systems is expected to create connected solutions that address a broader range of administrative needs in K-12 settings. The acquisition aims to bolster Hayes Software Systems Inc. 's employee growth and operational capabilities, focusing on expanding its presence in the K-12 sector.
Current Investors
Thoma Bravo, Frontline Education
Primary Industry
Software
Sub Industries
Consulting Services, Systems Management Software, Application Integration Software, Content Management Software, Education & Training Software
Website
www.hayessoft.com
Verticals
Cloud Computing, EdTech, Social Media
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Hayes Software Systems, Inc. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Hayes Software Systems, Inc. | - | ||||||||
| Buyout | Completed | Hayes Software Systems, Inc. | - |
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