Clearent Acquires Service Autopilot
Vista Point Advisors is pleased to announce the acquisition of Service Autopilot by Clearent, a portfolio company of Advent International and FTV Capital. Vista Point Advisors acted as the exclusive financial advisor to Service Autopilot.
About Service Autopilot:
Founded in 2009 by co-founders Jonathan Pototschnik and John Caldwell, Service Autopilot has created a SaaS platform that offers best-in-class business management features for the field service industry, allowing lawncare, snow-removal and related green-industry customers to save time, money, grow revenue, automate tasks, and ultimately become much more profitable. Based in Richardson, Texas, Service Autopilot has a loyal – and growing – customer base, which includes more than 3,400 customers across the United States.
Clearent is a full-service payment-solutions provider with more than 600 employees, 50,000 customers and $20 billion in payment processing volume. Clearent helps small- and medium-size business owners securely accept payments anywhere with no hidden fees and transparent pricing. Clearent also owns independent software vendors (ISVs) in select vertical markets that leverage Clearent’s turnkey payment integration as well as the collective resources of associated SaaS solution providers. Headquartered in St. Louis, the company has been named to several prestigious lists year after year, including the Inc. 5000 list of fastest-growing companies, The Nilson Report’s list of top U.S. merchant acquirers, and The St. Louis Post-Dispatch Top Workplaces award.
About Vista Point Advisors:
Vista Point Advisors is a boutique investment bank that focuses on advising middle-market companies in the Software, Mobile, and Internet / Digital Media industries. Our strategy is to partner with growing and profitable businesses that are interested in understanding their options in the marketplace. We focus exclusively on sell-side M&A and capital raising transactions. Vista Point Advisors is headquartered in San Francisco, California.