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New Deal


Announced

Completed

Prometheus Group completed the acquisition of WorkTech.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Software

management software solutions

contractor management

Private

Friendly

United States

workforce management solutions

software solutions

Acquisition

Majority

Completed

Synopsis

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Prometheus Group, a provider of asset management operations and optimization software, completed the acquisition of WorkTech, a provider of contractor management and productivity solutions software. Financial terms were not disclosed. "We are excited that WorkTech is joining the Prometheus family. With the mounting pressure on margins, having visibility into the contractor workforce is mission-critical. This acquisition is another advancement in our strategy to help customers optimize their asset management efforts,” Eric Huang, Prometheus Group CEO.

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