EverCommerce Announces Divestiture of its Fitness Solutions
2024年3月13日 - 10:00PM
EverCommerce Inc. (NASDAQ: EVCM), a leading service commerce
platform, today announced that it is selling its fitness solutions
to Jonas Software. EverCommerce’s fitness solutions, including
ClubOS, ASF, ClubWise and My PT Hub, which provide end-to-end
business management software for large format gyms, specialty
fitness and personal trainers, will become part of the Jonas family
of software solutions upon close of the transaction.
“Our fitness solutions are well-regarded by our approximately
10,000 customer locations in the market but are less than 4% of
EverCommerce’s 2023 revenue, making it our smallest vertical market
opportunity. We believe selling these solutions to Jonas Software,
a larger player and leader in the space who can realize broader
economies of scale and invest in the products at an accelerated
rate, is the best outcome for our fitness customers, our current
employees and our investors,” said EverCommerce CEO Eric Remer.
“This decision allows us to focus our investments on the highest
growth, largest market opportunities in our business.”
“We are excited to welcome the EverCommerce fitness solution
employees and customers to Jonas Software. They will be a strong
addition to our global Fitness, Leisure and Sports vertical,” said
Arthur Morris, CEO of the PYXiS Software portfolio at Jonas. “We
are looking forward to working closely with the teams at ASF, Club
OS, ClubWise and My PT Hub and helping them to drive increased
value for their customers.”
The transaction is expected to close in two parts. The North
American businesses, Club OS and ASF, have closed simultaneous with
signing. The international businesses, ClubWise and My PT Hub, are
expected to close during the third quarter of 2024 following
customary closing conditions and regulatory approvals. EverCommerce
management will discuss the transaction on its Fourth Quarter 2023
earnings call, scheduled for 5pm ET on Thursday, March 14,
2024.
About EverCommerce
EverCommerce (NASDAQ: EVCM) is a leading service commerce
platform, providing vertically-tailored, integrated SaaS solutions
that help approximately 708,000 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. With its EverPro and EverHealth brands
specializing in Home and Health service industries, EverCommerce
provides end-to-end business management software, embedded payment
acceptance, marketing technology, and customer experience
applications. Learn more at EverCommerce.com.
About PYXiS Software Group
PYXiS Software Group, a division of Jonas Software, is a
buy-and-hold forever acquirer of vertical market software
businesses. PYXiS supports the leadership teams of our
independently managed software brands, providing them with the
strategic guidance and financial security required to be leaders in
their respective markets. We have strong roots in the Fitness,
Sports and Leisure verticals with over 20 independently operated
brands servicing customers around the world. As a subsidiary of
Constellation Software Inc. (TSX: CSU), one of the world's largest
owners and acquirers of vertical market software companies, we're
dedicated to empowering our customers to achieve their goals with
our innovative solutions.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements contained in this press release that do not
relate to matters of historical fact should be considered
forward-looking statements, including without limitation statements
regarding the expected benefits to EverCommerce of the sale of its
fitness solutions, the ability of the parties to obtain any
required regulatory approvals in connection with the proposed
transaction and the expected closings of the transaction. These
statements are neither promises nor guarantees, but involve known
and unknown risks, uncertainties and other important factors 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, including, but not limited to, the risk that the
parties may be unable to close the transaction on anticipated
timelines or at all; the failure to obtain regulatory approvals
required in connection with the transaction; costs associated with
the transaction and the potential that it may not have the
anticipated impact on EverCommerce’s business; as well as the other
factors described in our Annual Report on Form 10-K for the year
ended December 31, 2022 and updated by our other filings with
the SEC. These factors could cause actual results to differ
materially from those indicated by the forward-looking statements
made in this press release. Any such forward-looking statements
represent management’s estimates as of the date of this press
release. While we may elect to update such forward-looking
statements at some point in the future, we disclaim any obligation
to do so, even if subsequent events cause our views to change.
Investor Contact:Brad KorchSVP and Head of
Investor Relations720-796-7664ir@evercommerce.com
Press Contact:Jeanne TroganVP of Corporate
Communications512-705-1293press@evercommerce.com
EverCommerce (NASDAQ:EVCM)
過去 株価チャート
から 7 2024 まで 8 2024
EverCommerce (NASDAQ:EVCM)
過去 株価チャート
から 8 2023 まで 8 2024