ESW Capital Acquires Sitrion Solutions Business
Acquisition Sustains Market-Leading Social and Human Resources Solutions
AUSTIN, TX – September 28, 2017 – ESW Capital, LLC, announced today that it has acquired from Sitrion its Solutions Business, via newly-formed subsidiary Skyvera Solutions, Inc. (“Skyvera”). These products will join a notable collection of software solutions under the ESW Capital umbrella.
“The Sitrion Solutions Business provides the most integrated, business-centric software that intertwines the collaborative power of Microsoft SharePoint and Office with the transactional efficiency of SAP HCM,” said ESW Capital executive Marisa Goldenberg, who has assumed the role of CEO for Skyvera. “Organizations in every industry are evolving and determining how to work smarter, connect with their workforce, improve productivity, and engage and empower their teams. ESW Capital is excited about the future of these market-leading solutions.”
The Solutions Business consists of Sitrion Smart Routines, Sitrion AppTemplates, and Sitrion Social. The acquired products are being rebranded under the name Skyvera, and ESW Capital, as it has done with dozens of software products under its umbrella, will implement its Customer Success program for the products. The program aims to achieve 100 percent Customer Success by maximizing the value customers receive and by aligning the product offerings with customers’ goals to be efficient, leading-edge, and innovative.
Smart Routines allows employees to perform standard employee self-service processes, such as leave requests, expense submissions, and salary and benefits monitoring. These processes may be performed from within Microsoft SharePoint-based Intranets, which improves user experience at a substantially lower cost and ease than deploying pure SAP-based solutions.
Sitrion Social solutions, to become Skyvera Social solutions, seamlessly integrate advanced social capabilities to realize the next-generation workplace. Employees can answer queries and make decisions in real-time, reducing calls to HR. Sitrion Social also provides a unified social workplace for internal communications that can tap into various back-end systems, including SharePoint or SAP.
“We are delighted that ESW Capital will continue to support and build upon these offerings and value the customers of these products,” said President and CEO of Sitrion, Daniel Kraft. “With ESW Capital’s Customer Success program, the value propositions of Smart Routines and Sitrion Social will be extended even further for customers, now and into the future.”
ESW Capital was advised by Razorhorse Capital on this acquisition, and Sitrion was advised by Golding Partners LLC.
About ESW Capital, LLC
Based in Austin, Texas, Enterprise Software (ESW) Capital has honed a finely-tuned methodology focused on buying, strengthening, and growing mature business software companies. By taking advantage of its unique operating and development platforms, ESW revitalizes its acquisitions for sustainable success while making customer satisfaction a top priority. ESW and its affiliated companies have been in the enterprise software space since 1988, and the group includes notable brands such as Aurea, Trilogy, Versata, and Ignite Technologies. For more information, visit www.eswcapital.com.
Sitrion provides award-winning mobile solutions for the digital workplace, making work better for working people every day. Our employee app solution, Sitrion ONE, extends directly to mobile devices and unifies internal communications, processes, and information from standard business eco-systems like Microsoft, SAP, Oracle, and Salesforce. Today, more than six million people benefit from our solutions. Learn more at www.Sitrion.com.
About Razorhorse Capital
Razorhorse Capital, Inc. dedicates its resources to acquiring lower and mid-market software businesses. Over the past five years, Razorhorse has led over 30 acquisitions and minority investments with its partners, putting over $400 million of equity capital to work. For more information, visit www.razorhorse.com.
About Golding Partners LLC
Golding Partners LLC (www.goldingpartners.com) is a strategic advisor to venture capital backed-technology companies. Founded in 2014 and based in Silicon Valley, the firm brings a multidisciplinary perspective to every engagement, with its partners leveraging prior senior roles in investment banking, venture capital, financial management, and business development.