Acquisition expands EverCommerce product suite and market
reach
DENVER, July 8, 2021 /PRNewswire/ --
EverCommerce (Nasdaq: EVCM) ("EverCommerce" or the "Company"),
a leading service commerce platform, announced today that it
completed the acquisition of Timely, a global appointment
booking and business management software company used by spas and
salons across the United Kingdom,
Australia and New Zealand. Timely joins the EverCommerce
suite of integrated SaaS solutions across business management,
marketing, customer engagement, and billing and payments.
Timely offers simple, affordable, and reliable appointment
booking and business management software for small salon and beauty
businesses. Founded in 2011, Timely has grown to include 50,000
beauty professionals across 90 countries who use the cloud-based
software to book more than 30 million appointments per year.
Timely joins the EverCommerce Fitness and Wellness portfolio
that delivers tailored, integrated, and convenient experiences for
its customers, while providing specialized functionality for
business owners. EverCommerce drives streamlined day-to-day
business operations, improved marketing effectiveness, and
modernized engagement with customers. With this acquisition,
EverCommerce will expand its product offerings and market reach in
the salon and spa industry to the United
Kingdom, Australia, and
New Zealand markets.
About EverCommerce
EverCommerce is a leading service commerce platform, providing
vertically-tailored, integrated SaaS solutions that help more than
500,000 global service-based businesses accelerate growth,
streamline operations, and increase retention. Its modern digital
and mobile applications create predictable, informed, and
convenient experiences between customers and their service
professionals. Specializing in Home & Field Services, Health
Services, and Fitness & Wellness industries, EverCommerce
solutions include end-to-end business management software,
integrated payment acceptance, marketing technology, and customer
engagement applications. Learn more at EverCommerce.com.
About Timely
Founded in 2011, Timely offers simple, affordable, and reliable
appointment software for small businesses in the beauty industry.
Customers get innovative business management software,
award-winning customer support, education from the biggest industry
names globally and peer support. Today, Timely serves more than
50,000 service professionals in 90 countries who use the
cloud-based platform to book over 30 million appointments a year.
For more information on Timely, check
out https://www.gettimely.com/about/.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements
within the meaning of the Private Securities Litigation
Reform Act of 1995 . All statements other than statements of
historical facts contained in this press release may be
forward-looking statements. Statements regarding the
anticipated benefits of the Timely acquisition are
forward-looking statements. In some cases, you can identify
forward-looking statements by terms such as ''may,'' ''will,''
''should,'' ''expects,'' ''plans,'' ''anticipates,'' ''could,''
''intends,'' ''targets,'' ''projects,'' ''contemplates,''
''believes,'' ''estimates,'' ''predicts,'' ''potential'' or
''continue'' or the negative of these terms or other similar
expressions. The forward-looking statements in this press release
are only predictions. We have based these forward-looking
statements largely on our current expectations and projections
about future events and financial trends that we believe may affect
our business, financial condition, and results of operations.
Forward-looking statements involve known and unknown risks,
uncertainties and other important factors including,
but not limited to, our limited operating history and our evolving
business make it difficult to evaluate our future prospects and the
risks and challenges we may encounter, our recent growth rates may
not be sustainable or indicative of future growth and we expect our
growth rate to slow, we have experienced net losses in the past and
we may not achieve profitability in the future, we may continue to
experience significant quarterly and annual fluctuations in our
operating results due to a number of factors, which makes our
future operating results difficult to predict, we may reduce our
rate of acquisitions and may be unsuccessful in achieving continued
growth through acquisitions, revenues and profits generated through
acquisition may be less than anticipated, and we may fail to
uncover all liabilities of acquisition targets, in order to support
the growth of our business and our acquisition strategy, we may
need to incur additional indebtedness or seek capital through new
equity or debt financings and the important factors discussed under
the caption "Risk Factors" in EverCommerce's prospectus, dated
June 30, 2021, filed with the
Securities and Exchange Commission ("SEC") in accordance with Rule
424(b) of the Securities Act on July 6,
2021, and our other filings with the SEC, that
may cause our actual results, performance, or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. These forward-looking statements speak only as of the
date of this communication. Except as required by applicable law,
we do not plan to publicly update or revise any forward-looking
statements, whether as a result of any new information, future
events or otherwise.
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