
K1, Level Equity invest $350m in Australia SaaS player

US private equity firms K1 Investment Management and Level Equity have invested about $350 million in Australia’s Simpro, a software-as-a-service (SaaS) provider focused on field service management.
Simpro offers a cloud-based SaaS package that allows real-time connections between office and field operations for trade and specialty contracting industries. It automates workflows in areas such as in-team...
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