CHANTILLY, Va., Jan. 16, 2019 /PRNewswire/ -- Devensoft, a pioneer and leader in mergers and acquisition (M&A) with its software-as-a-service M&A management software, announces record growth in 2018. Significant milestones include 78% revenue growth year-over-year and an increase in end user customer activations of 106%.
Devensoft is an intuitive easy-to-use software platform that powers acquisition and integration teams of companies ranging from middle-market to Fortune Global 500 firms. As mergers and acquisitions are key to fueling a company's strategic growth, Devensoft organizes the vast amount of data involved in the process, tracks the investment thesis for M&A strategy, and provides high-level dashboards that enables leadership to have a top-line view of strategic progress.
"We attribute this growth to several factors, including our relentless drive to deliver world-class customer service, our passion for excellence, and our commitment to provide the most intuitive user interface in the industry," stated Nick Perdikis, CEO and Chief Revenue Officer of Devensoft. "With our software, our customers find they can easily track all aspects of a deal and integrate in less time by streamlining the deal management and post-merger acquisition process."
Devensoft's SaaS platform streamlines legal workflows, collaboration, document management, reporting, project management and synergy tracking, and exceeds SaaS industry benchmarks for customer satisfaction, renewals and operational efficiencies. Devensoft has also partnered with major consulting firms to provide a white-labeled product, enabling M&A advisory teams to bring the solution to their clients.
"Our growth reflects both the addition of new Global 500 M&A teams, and also expanded user adoption within current clients," added Perdikis. "Some of the industries where we've seen significant growth include life sciences, energy and retail. In fact, Devensoft is the platform used in some of the top transactions in 2018."
About Devensoft
Devensoft is a SaaS company that helps businesses run more effective mergers & acquisitions (M&A) programs so they can close deals faster and integrate in less time. Devensoft software simplifies and streamlines M&A deal management and post-merger integration using legal workflows, collaboration, document management, reporting, project management and financial tracking. More information is available at www.devensoft.com.
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SOURCE Devensoft