Harris Williams Advises ComputerEase Software on Its Sale to Deltek
August 19 2019 - 5:19PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it advised ComputerEase
Software (ComputerEase) on its sale to Deltek. ComputerEase
develops integrated construction accounting, project management and
field-to-office software for contractors. The transaction was led
by Tyler Dewing, Priyanka Naithani, Scott Reinig and Ryan Costa of
the Harris Williams Technology, Media & Telecom (TMT) Group and
Mike Hogan of the firm’s Industrials Group.
“Under the leadership of Bob Mattlin, founder, and John Meibers,
president, ComputerEase has emerged as a go-to solution for
construction accounting and project management software for
contractors across trades,” said Tyler Dewing, a managing director
at Harris Williams. “ComputerEase is pursuing a massive market
opportunity, as contractors of all sizes are rapidly adopting
software and payroll solutions to help manage their business,
improve financial performance and monitor profitability and
performance of projects in real time.”
“The sale of ComputerEase to Deltek highlights the continued
commitment of the construction industry to adopt new software
solutions across the project lifecycle,” added Mike Hogan, a
managing director at Harris Williams. “While the industry has
historically lagged in technology adoption, the improved user
experience that ComputerEase can deliver – whether in the office on
a PC, or in the field on mobile devices – combined with continually
rising labor and raw material costs, have catalyzed accelerated
software adoption to increase worker productivity, reduce project
delays and enhance workplace safety.”
ComputerEase was founded in 1983 from a blended knowledge of
accounting and construction. The company was built to provide
software that improves the way contractors run their businesses –
meeting the unique and evolving challenges of the construction
industry. Since that time, ComputerEase has grown to become an
industry leader in delivering innovative construction management
and accounting solutions to contractors of all sizes. Today, more
than 6,000 contractors rely on ComputerEase to streamline their
operations and increase profits.
Better software means better projects. Deltek is a leading
global provider of enterprise software and information solutions
for project-based businesses. More than 23,000 organizations and
millions of users in over 80 countries around the world rely on
Deltek for superior levels of project intelligence, management and
collaboration. The company’s industry-focused expertise powers
project success by helping firms achieve performance that maximizes
productivity and revenue.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams TMT Group advises leading private and public
companies, entrepreneurs, private equity firms and venture capital
firms on mergers and acquisitions and capital-raising transactions
worldwide. The TMT Group has deep domain expertise in the
Software/SaaS and Internet & Digital Media segments, with
particular emphasis on specific verticals including education
technology, data analytics, energy technology, fintech, public
sector, and supply chain/logistics—with a dedicated healthcare
technology (HCIT) practice. Across verticals, the firm also advises
technology services and networking solutions businesses. For more
information on the TMT Group and its recent transactions, visit the
TMT Group’s section of the Harris Williams website.
The Harris Williams Industrials Group has experience across a
variety of sectors, including packaging; advanced manufacturing;
aggregates, metals, and mining; building products; chemicals and
specialty materials; and industrial technology. For more
information on the firm’s Industrials Group and other recent
transactions, visit the Industrials Group’s section of the Harris
Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. awaited). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
For media inquiries, please contact Katie Langemeier, associate
brand manager, at +1 (804) 915-0179.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190819005612/en/
Katie Langemeier, associate brand manager +1 (804) 915-0179
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Aug 2024 to Sep 2024
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Sep 2023 to Sep 2024