![]() ![]() Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. Jefferies LLC served as financial advisor to Fourth and Willkie Farr & Gallagher provided legal counsel to Insight Partners. LLC acted as financial advisor and Kirkland & Ellis LLP served as legal advisor to HotSchedules. Piper Jaffray and William Blair & Company, LLC acted as financial advisor and Latham & Watkins LLP served as legal advisor to Marlin Equity Partners. The company also has global centers of excellence across multiple international locations including Australia, Bulgaria, China, Vietnam, South Africa and Ukraine.įinancial details of the transaction have not been disclosed. The combined organization will be based out of HotSchedules’ corporate headquarters in Austin, TX, and will maintain major offices in London, U.K. HotSchedules and Fourth will unite under the leadership of Ben Hood, CEO of Fourth and will continue to support solutions across their respective platforms. After overseeing Fourth’s journey to-date, it is a dream partnership.” “We are excited to join forces with an organization whose mission, values, history, culture and overall commitment to customer success closely match our own. “The merger of Fourth and HotSchedules presents a huge opportunity for growth and innovation,” said Ben Hood, co-founder and CEO of Fourth. Together, HotSchedules and Fourth will continue to serve one of the largest global customer bases in the industry through a fully integrated software suite. Fourth has established a strong reputation by offering best-in-class HR, payroll, inventory management, procurement, and advanced forecasting and analytics solutions. HotSchedules is widely recognized for providing the industry’s leading tools for labor management, time & attendance and employee engagement and communication. HotSchedules and Fourth both provide flagship solutions in workforce and operations management, with each company delivering highly complementary capabilities within the restaurant back-of-house technology stack. ![]() “Our investment underscores our commitment to the hospitality management solutions market and the value that these institutions provide for their customers.” “We are excited to bring together two highly complementary industry leaders to create a global, end-to-end human capital management and operations platform focused on the hospitality sector,” said Doug Bayerd, a principal at Marlin. ![]() Insight Partners (“Insight”) has partnered with Marlin in the transaction and will hold a minority stake in the combined company. The combined company’s software solutions now serve customers in over 120,000 locations worldwide, with employees spread globally across offices in the U.S., APAC and U.K. Marlin has merged the two companies to create the industry’s most comprehensive back-of-house software-as-a-service (SaaS) suite delivering a fully integrated inventory management, workforce management, payroll and intelligent cost-control operations platform. LOS ANGELES, J– Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired HotSchedules and Fourth, two leading providers of workforce, inventory and operations management solutions to the global restaurant and hospitality industry.
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