WorkWave ends 2021 with growth

IMAGE: WORKWAVE

WorkWave, a provider of software as a service (SaaS) software solutions, has reported its 2021 business performance.

The company reports a year-over-year revenue growth of 116 percent and an annual recurring revenue increase of 149 percent. The company’s software revenue growth saw an increase of 69 percent in 2021.

“In 2021, the WorkWave team demonstrated that not only can we deliver industry-leading financial performance, but we could do it while also bringing together five industry-leading companies to create one cohesive company focused entirely on our customers’ success,” David Giannetto, CEO of WorkWave, said in a news release.

WorkWave also experienced a 294 percent increase in talent as it expanded globally, bringing in experts across the field service industry.

Top 2021 milestones include:

• February 2021 – WorkWave launched Marketing Sales Center, a sales and marketing platform that integrates directly into WorkWave PestPac, enabling users to grow their businesses and transform their sales processes.
• March 2021 – WorkWave announced that EQT and TA Associates elevated WorkWave’s status in their respective portfolios to a free-standing company.
• May 2021 – WorkWave announced its acquisition of Slingshot, a leading provider of customer call center software combined with outsourced sales, lead and customer response services.
• June 2021 – WorkWave announced its acquisition of Real Green, a prominent provider of field service solutions in the green service industries. WorkWave also acquired Coalmarch, a leading provider of software-oriented digital marketing, and Lawnbot, a next-generation online sales solution.
• September 2021 – WorkWave announced that it acquired TEAM Software, a global leader providing software and solutions for cleaning, janitorial, security and facilities management service providers.
• September 2021 – WorkWave announced the launch of WorkWave Marketplace, an embedded online portal of integrated product solutions, trusted service partners, and exclusive offers.