K1 and Level Equity Invest >$350M in simPRO; simPRO Acquires ClockShark and AroFlo

November 23, 2021

simPRO secured a growth investment of over $350 million from K1 Investment Management with participation from existing investor Level Equity. Concurrently, simPRO announced the acquisitions of US-based ClockShark and Australia-based AroFlo to expand its field service management product suite and accelerate global growth and product development.

Buyers
K1 Investment Management, Level Equity, simPRO
Targets
simPRO, ClockShark, AroFlo
Platforms
simPRO
Industry
Cloud & SaaS
Location
Queensland, Australia
Transaction Type
Growth capital

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