About Verisae
Verisae is a company based in Minneapolis (United States) founded in 1999 was acquired by Accruent in September 2016.. Verisae has completed 3 acquisitions, including Hara, ViryaNet and WorkOasis. Verisae offers products and services including IoT Remote Monitoring, Energy Management, CMMS, and Engineering Document Management. Verisae operates in a competitive market with competitors including Fiix, Dude Solutions, Corrigo, Limble CMMS and Infraspeak, among others.
- Headquarter Minneapolis, United States
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Sectors
Business ServicesIndustrial Goods & Manufacturing
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Phone
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Website
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Social
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- Legal Name Verisae
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Products & Services of Verisae
Verisae offers a comprehensive portfolio of products and services, including IoT Remote Monitoring, Energy Management, CMMS, and Engineering Document Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for remote equipment control and failure prediction.
Tools for optimizing power consumption and reducing costs.
System for automating work orders and asset maintenance.
Platform for sharing and collaborating on engineering documents.
Funding Insights of Verisae
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Verisae
Verisae has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Accruent and Marlin Equity Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Global private equity investments are managed by the firm.
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Founded Year | Domain | Location | |
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SaaS-driven IWMS solutions are provided for construction and facilities management.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Verisae
Verisae has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Hara, ViryaNet and WorkOasis. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Energy and sustainability management is facilitated via a cloud-based platform.
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2008 | ||||
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Cloud Based Facilities Management Software
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2002 | ||||
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Mobile workforce management solutions for scheduling and dispatching are provided.
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1988 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Verisae
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Verisae Comparisons
Competitors of Verisae
Verisae operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fiix, Dude Solutions, Corrigo, Limble CMMS and Infraspeak, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based CMMS software is utilized for organizing commercial maintenance activities.
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SaaS CMMS software is offered for commercial spaces.
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| domain | founded_year | HQ Location |
Mobile SaaS applications for field services are offered.
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| domain | founded_year | HQ Location |
Cloud-based maintenance software solutions are provided to manufacturing firms.
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| domain | founded_year | HQ Location |
SaaS-based computerized maintenance management for facilities is provided.
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| domain | founded_year | HQ Location |
SaaS-driven CMMS software is provided for commercial spaces.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Verisae
When was Verisae founded?
Verisae was founded in 1999.
Where is Verisae located?
Verisae is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
What does Verisae do?
VERISAE provides SaaS-based maintenance, energy, and sustainability management software solutions for retailers and manufacturing companies worldwide. The platform offers solutions, such as computerized maintenance management systemfacility maintenance for tracking asset, service providers, and work order management; alarm management to automate processes; energy management; software to track refrigerant gas emissions, environmental impacts, and regulatory compliance; and IWMS integrated facility management solutions. Other features include workforce planning, scheduling technician, optimal plans, parts management, scheduling based on skills. Customers include Emitel, ExoCommunication, and others.
What products or services does Verisae offer?
Verisae offers IoT Remote Monitoring, Energy Management, CMMS, and Engineering Document Management.
How many acquisitions has Verisae made?
Who are Verisae's investors?
Verisae has 2 investors. Key investors include Accruent, and Marlin Equity Partners.
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