TEAM Software, Inc.

TEAM Software, Inc. provides enterprise resource planning (ERP) solutions tailored for the commercial cleaning, security, and facilities management sectors, enhancing operational efficiency and productivity through integrated software solutions. Founded in 1989 by Frank Labedz in Omaha, US, TEAM Software, Inc. specializes in ERP solutions for the commercial cleaning and security industries.

In September 2021, the company was acquired by WorkWave, LLC, a portfolio company supported by EQT, Serent Capital, and TA Associates. Financial terms were not disclosed. TEAM Software specializes in providing a comprehensive ERP ecosystem tailored specifically for the commercial cleaning, security, and facilities management industries. Their core offerings include an integrated suite that encompasses advanced workforce scheduling, time and attendance tracking, financial management, and job costing capabilities.

The software is designed to enhance operational efficiency, improve productivity, and facilitate data-driven decision-making, addressing the unique challenges faced by building service contractors and security professionals. TEAM Software's solutions are utilized primarily in the United States, with notable customers including some of the largest security and cleaning companies in the country. The end users of their products are typically managers and operators within these industries who rely on real-time data and streamlined processes to effectively manage their teams and deliver consistent service across multiple locations. TEAM Software generates revenue through a subscription-based model, where clients subscribe to the ERP solutions and related services.

This transactional structure primarily involves B2B engagements with commercial cleaning and security firms that require robust software solutions for managing their operations. The flagship product, WinTeam, is central to their offerings and provides clients with essential tools for financial management, workforce optimization, and job costing. The company further enhances its revenue potential through partnerships with third-party solution providers, expanding the functionality of its ERP system through ready-made integrations. TEAM Software's pricing structure is based on various tiers of service, allowing clients to select options best suited to their operational needs and scale as their business grows.

Following its acquisition in September 2021, TEAM Software aims to support WorkWave, LLC in expanding its business into new markets. The acquisition is intended to enhance the range of solutions offered to customers and facilitate entry into additional geographic regions. Specific details on upcoming products or release dates have not been disclosed, but the integration of TEAM Software's solutions with WorkWave's offerings is anticipated to drive future growth.