We are delighted to announce the successful acquisition of software as a service business, Teamseer Limited, by the Access Group. Teamseer is the leading absence management solution to both SME’s and blue chip clients. The solution automates the entire absence management process, providing HR, senior executives and line managers with visibility and control of staff availability across the organisation. TeamSeer, which has won software satisfaction awards for two years running in both the SME and enterprise categories, is prized for its straight forward web-based scheduling and synchronisation with Microsoft Outlook calendars.
Peter Wake, founder of TeamSeer, commented, “This is an exciting move for both companies and is the perfect springboard to take TeamSeer to the next level in its evolution. Now we’ll be able to harness the resources of Access Group, cementing an exciting future for our HR solution. This is a great day for us and for our customers alike.”
Bayne said, “TeamSeer complements our human resources solution SelectHR and is perfectly suited for transient workforce and fast moving projects. This provides a simple and easy way to build teams based on experience and availability to improve project profitability.
“Unlike its peers in the SaaS industry, TeamSeer has demonstrated strong growth with plenty of future potential; it’s the perfect solution for organisations with diverse workforces spread over multiple offices, as well as mobile working and outsourced projects; trends which are set to continue,” concluded Bayne.
The Rockworth team, led by Lawrence Price, worked with Peter Wake for a significant period during the build-up to the transaction, and acted as sole lead advisor throughout the process culminating in a successful completion. Access Group, owned by Lyceum Capital, were advised by PWC and Maxwell Winward, Rockworth worked closely alongside Taylor Vinters helping to successfully complete the Teamseer sale to the Access Group.