Professional Services Automation Software M&A: Seller and Buyer Backgrounds
Projector PSA, founded in 2003, is based in Boston, Massachusetts. The company has 52 employees listed on LinkedIn. Projector’s PSA software helps project-based services organizations and consulting firms track time and expenses, invoice clients, schedule resources, forecast revenue, manage projects, and monitor actionable project analytics, the seller indicated.BigTime Software, founded in 2002, is based in Chicago, Illinois. The company has 118 employees listed on LinkedIn. BigTime Founder Brian Saunders previously ran an IT consulting firm for more than 15 years. The company landed in the Inc. 5000 list of fastest-growing privately held businesses in America in 2020 and 2019.Together, BigTime and Projector PSA have more than over 2,700 customers. The combined business will "provide an operating platform with practice management functionality that helps professional services firms grow with confidence. These cloud-based capabilities will enable firms to plan, manage and receive payment for their most valuable resource – time," the companies indicated.As part of the deal, Projector PSA CEO Denis Whelan will shift to president of the Projector business unit.PSA Software M&A: Executive Perspectives
“This is a unique opportunity to connect Projector’s deep consulting, substantive functionality and sophisticated customer expertise with BigTime’s operational scale and intuitive user experience," said Brian Saunders, CEO and founder of BigTime. "Our combined strengths enable us to better serve the needs of the middle market and, together, our capabilities will allow our customers to drive operational excellence and maximize profitability.”
“We have been laser focused on delivering industry leading software and services that have enabled incredible growth for our customers and for Projector. What excites us most about this combination is the ability to leverage BigTime’s innovation at scale to bring Projector's core strengths to an even wider audience."
“We invested in BigTime to further advance their vision to develop best-in-class solutions and capitalize on the multibillion-dollar underserved market opportunity for professional services automation. The combination with Projector strengthens its position as a clear leader with the right combination of technology, talent and brand trust to capture that opportunity.”
“We are extremely proud of the growth and scale that Projector has achieved since our initial investment in 2019. As we look forward, we couldn’t be more excited to invest alongside Vista Equity in a combination that will ensure the trajectory of the services economy is profitable, efficient, and geared for growth.”
