BigTime Software, a Chicago, IL-based provider of time tracking, project management, resource management, invoicing, and payment solutions for professional services businesses, acquired WorkRails, a Huntington, NY-based company providing a configure, price, quote (CPQ) and workflow automation platform built specifically for professional services organizations.
The amount of the deal was not disclosed.
The acquisition is part of BigTime’s broader strategy of providing innovative, scalable solutions tailored to the needs of mid-market professional services organizations. The integration of WorkRails’ CPQ functionality with BigTime’s platform will offer professional services businesses a unified solution that spans project planning, resource management, financial forecasting, and sales automation. The terms of the deal, including pricing and structure, remain confidential. However, WorkRails’ leadership team will continue with the company in strategic roles, contributing to the integration of the two businesses and further developing the combined solution.
Led by CEO Steven Schneider, WorkRails provides professional services firms with a platform to simplify complex service configurations, streamline pricing, and accelerate the sales cycle. Used by top firms, the solution empowers teams to generate accurate quotes faster, automate key workflows, and drive business growth.
Led by CEO and Founder Brian Saunders, BigTime Software empowers professional services organizations with tools that eliminate the guesswork in resource utilization, capacity planning, and project profitability. Its professional services automation software supports project planning, budgeting, time and expense tracking, resource management, invoicing, and reporting, allowing firms to manage their most critical asset: time.
The company, which serves accountants, architects, engineers, IT services firms, and consultants, had raised $100M growth investment in January 2022 and acquired ProjectorPSA in 2022 and Primetric in 2023.
FinSMEs
08/11/2024