WennSoft, Inc.
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WennSoft, Inc. - overview
Established
1995
Location
New Berlin, WI, US
Primary Industry
Software
About
Key2Act, formerly known as WennSoft, Inc. , is a US-based provider of software solutions specializing in field service and construction management, enabling companies to enhance operational efficiency through advanced technology. Founded in 1995, WennSoft, Inc. operates from New Berlin, US, focusing on delivering software solutions to the skilled trades sector.
Recently, on February 27, 2023, the company was acquired by Volaris Group from LLR Partners. The current CEOs are Joseph Alvarez and Rob Getz. WennSoft specializes in providing comprehensive software solutions tailored for the skilled trades sector, specifically focusing on field service and construction management. Their primary offerings include the Signature suite and ProjectStream 365, both designed to streamline operations from project management to job costing and service management.
Signature, built on Microsoft Dynamics GP, enhances workflows through features such as MobileTech mobility, job costing, and scheduling, while ProjectStream 365, leveraging the Microsoft Power Platform, integrates seamlessly with Dynamics 365 Business Central and supports collaboration via Microsoft Teams, SharePoint, and Power BI. These products cater to a diverse clientele, including construction firms, service management companies, and contractors, enabling them to optimize processes and improve efficiency. The software products are deployed across various geographical markets, including North America and Europe, addressing the specific needs of skilled trades professionals. WennSoft generates revenue primarily through subscriptions for its software solutions, providing clients with access to essential tools for construction and field service management.
Transactions typically occur on a B2B basis, where companies subscribe to their flagship products, such as the Signature suite and ProjectStream 365. Clients engage with WennSoft through direct sales, receiving ongoing support and updates as part of their subscription agreements. The pricing model is structured around different tiers, allowing businesses to choose plans that align with their operational needs and scale as they grow. This subscription-based approach not only creates a steady stream of revenue but also fosters long-term relationships with clients who rely on WennSoft's solutions to drive efficiency and enhance productivity in their operations.
Following its acquisition on February 27, 2023, the new ownership by Volaris Group is expected to accelerate WennSoft's growth and expand its product offerings globally. The company aims to enhance its software portfolio and expand into new markets, targeting specific regions and sectors. The rationale behind the acquisition underscores the intention to leverage additional resources to support these initiatives.
Current Investors
LLR Partners
Primary Industry
Software
Sub Industries
Systems Management Software, Analytics & Performance Software, Accounting/Finance Software
Website
www.wennsoft.com
Verticals
Cloud Computing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
WennSoft, 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | WennSoft, Inc. | - | ||||||||
| Growth | Completed | WennSoft, Inc. | - |
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WennSoft, Inc. - employee data


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