CARY — Tech software services firm Dude Solutions has signed a definitive agreement to acquire the asset management platform Confirm from New York-based Precisely.
It represents the company’s eighth acquisition in the past six years, and its second under sponsorship from Clearlake.
Financial terms were not disclosed.
The Cary-based company said the acquisition broadens the Dude Solutions product portfolio serving public sector clients. It also extends its presence geographically in both Europe, the Middle East and Africa and Asia-Pacific countries.
“Dude Solutions’ acquisition of Confirm represents an exciting growth opportunity for both of our businesses,” said Kevin Kemmerer, Dude Solutions’ executive chairman, in a statement. “The combination of our software platforms offers government clients an unmatched product platform for smart infrastructure asset management. Together with Confirm, we look forward to delivering the most innovative solutions as we serve the unique and evolving needs of our clients.”
Josh Rogers, CEO of Precisely, said, “The acquisition of our Confirm business unit by Dude Solutions is strongly compelling for all parties. In Dude Solutions, Confirm has found a home with a complementary product set and geographic footprint in which the business can continue to thrive. With this transaction, Precisely can put greater focus on our core strategy as the global leader in data integrity – providing maximum accuracy, consistency, and context for confident data-driven decisions.”
Founded in 1999, Dude Solutions provides software-as-a-service (SaaS) provider of operations management solutions to education, government, healthcare, senior living, manufacturing and membership-based organization. In recent years, it’s reportedly grown at an astonishing clip – at around 25 percent per year.
In 2019, it was acquired by Clearlake Capital Group for an undisclosed sum. At the time, it had roughly 650 employees nationwide with plans to hire up to another 125 personnel over the next 12-18 months.
In April, Dude Solutions was forced to lay off 20 percent of its workforce due to the coronavirus crisis.
“The COVID-19 pandemic has had a horrific impact on the entire world. The rapidly evolving and prolonged effects of the situation have forced companies to evaluate their business and take action in order to survive the crisis. Dude Solutions is no different,” Dude Solutions public relations manager Kristina Bull said at the time.