ATLANTA, GA/FORT MYERS, FL – FieldEdge, formerly dESCO, announces the acquisition of Coolfront Technologies by its parent, Clearent Software Holdings. Coolfront, a leader in flat-rate pricing and maintenance agreement management systems in the HVAC, plumbing and electrical industries, will retain its brand and operate as an independent subsidiary of FieldEdge under the Clearent Software Holdings portfolio of companies. Financial terms of the transaction were not disclosed.
FieldEdge and Coolfront both will benefit from sharing resources and having the unique ability to span markets. FieldEdge is a leading field service management solution, whose target market ranges from “small and midsized business” (SMBs) up to enterprise-level organizations. Coolfront provides an easy-to-use, zero-cost, mobile field service management offering to smaller contractors and an industry-leading, flat-rate pricing tool that spans all markets, regardless of business size. This new dual-approach by FieldEdge and Coolfront will provide a unique ability to serve a wider range of clients within the industry.
Clearent is an integrated payment-solutions provider with a successful track record of acquiring SaaS companies in select verticals, including field services, and allowing them to thrive as independently operating subsidiaries. Coolfront marks Clearent’s fourth vertical software acquisition in the past 13 months.
