NEWS Joblogic® acquires long-term competitor Clik Software The deal boosts Joblogic’s subscriber base by 50% instantly, propelling the company into the leading position in the UK field service management software market. Effective immediately, field service management software provider Joblogic has announced that it has acquired Clik Software, one of leading competitors in the sector. The deal, for an undisclosed sum, propels Joblogic into the UK number one position in the field service management software sector. The transaction includes the absorption of Clik’s client base of over 30,000 users, all related assets and intellectual property, as well as Clik’s 40 employees. Field service software helps contractors save time, increase productivity, and achieve rapid growth by centralising service operations in one piece of software. It ensures seamless communication between back offices, field engineers, and customers, leading to transparency and overall efficiency. The acquisition is the second major transaction following Joblogic’s cashfor-shares injection by Axiom Equity and acquisition of Protean Software in 2023, and forms part of Joblogic’s ambitious UK and international expansion strategy. The acquisition is being funded by internal cash flow and a line of credit from funding partners CIBC (Canadian Imperial Bank of Commerce). Following the deal, Clik’s customers will remain fully supported by Joblogic and the teams have already began collaborating and accelerating the cloud launch of Clik’s market-leading electronic certification software. Commenting on the rationale of the deal Joblogic’s CEO James Whatmore said: “The acquisition of Clik is a strategic step that aligns perfectly with our plans to expand in the UK FSM market. We pursued this deal for a number of reasons, including our aim to grow the team by attracting top talent and our deep respect for Clik’s accomplishments. Their team is experienced, shares our values, and aligns well with our company culture. Clik’s customer-first approach mirrors our own, and their client base is similar to ours, giving us confidence in a seamless integration. We’re already working on the cloud launch of Clik’s electronic certification software, and are excited to provide their customers with innovations and new functionality to their current products. We’re delighted that acquiring Clik has positioned us as the largest provider of field service management solutions in the UK.” “I’m extremely excited about the merge, as it allows Clik to become part of the largest FSM software solution provider in the UK, bringing innovative cloud software to our customers, whilst also adding more development resources to our existing products. We share common values and together we hold decades of expertise in the FSM and Certification software market place, giving us collectively a very strong portfolio of both products and services to offer existing and future clients . Equally importantly, the merger offers wider opportunities for career progression for the staff at Clik“ commented Paul Snowden, Clik’s Founder and Managing Director. Joblogic is backed by Axiom Equity, the UK B2B SaaS investor, with CIBC’s continued partnership. The deal was advised by Higgs LLP.
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