Progression
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Progression - overview
Established
2006
Location
Trois-Rivieres, -, Canada
Primary Industry
Software
About
Progression, based in Trois-Rivieres, Canada, provides innovative task management and resource allocation solutions primarily for service industries such as HVAC, plumbing, and electrical services. Founded in 2006 in Trois-Rivieres, Canada, Progression specializes in developing software solutions for service management. The company has successfully executed one deal, with its most recent transaction occurring in August 2025 when it was acquired by Valsoft Corporation Inc. , a portfolio company of various investment firms.
There is no indication of any significant pivots or changes in business operations since its inception. Progression specializes in task management and resource allocation solutions tailored for businesses, focusing on service sectors like heating, ventilation, air conditioning (HVAC), plumbing, and electrical services. Their core offering is a comprehensive service management software that allows companies to efficiently create, schedule, and allocate work orders. Key features include real-time tracking of job progress, customer submission management, and documentation of completed work, facilitating operations from initial client contact to invoicing.
Designed for ease of use, technicians can document work through mobile devices, including capturing photos and obtaining electronic signatures upon job completion. Progression serves a diverse range of industries across North America, providing software solutions to over 1,000 businesses, thereby enhancing operational efficiency and client communication. Progression's revenue model is primarily based on subscription fees for its software solutions. Clients engage with the service through various pricing plans tailored to the size of the business or number of users accessing the platform.
Transactions occur on a B2B basis, where companies subscribe to the software, thereby streamlining billing for clients. The software's capabilities enable businesses to automate redundant tasks, manage time tracking, and generate invoices directly, improving cash flow and operational efficiency. This model supports a recurring revenue structure aligned with the company’s commitment to ongoing client support and software updates, reducing administrative burdens and enhancing service delivery. In August 2025, with its acquisition by Valsoft Corporation Inc.
, Progression aims to enhance its business development strategies. Future growth plans include the design and launch of new software products aimed at better serving the service industry. Specific details on new markets have not been disclosed, but the company's expansion strategy will likely focus on broadening its reach within North America and potentially exploring other regions. The recent acquisition is anticipated to support these initiatives, allowing for increased investment in product development and market penetration.
Current Investors
Valsoft Corporation Inc.
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Application Integration Software
Website
www.progressionlive.com
Verticals
Artificial Intelligence, Cloud Computing, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Progression - 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 | Completed | Progression | - |
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