WorkWave Boosts Revenue in 2021February 2, 2022
WorkWave®, parent company of TEAM Software Inc., has reported a year-over-year revenue growth of 116% in 2021.
The company also saw an annual recurring revenue increase of 149% in the past 12 months. WorkWave experienced a 294% rise in staff due to acquisitions, while its software revenue growth saw a rise of 69% in 2021. The company credited the gains to the consolidation of its field service software solutions Real Green, Coalmarch, Slingshot, Lawnbot, and TEAM Software under the WorkWave brand.
“In 2021 the WorkWave team demonstrated that not only can we deliver industry-leading financial performance, but we could do it while also bringing together five industry-leading companies to create one cohesive company focused entirely on our customers’ success,” said David F. Giannetto, WorkWave CEO. “Every one of the companies who are now part of the WorkWave family of brands chose to join together because we believe in the same vision—empowering our customers to think beyond service, and taking their companies to new levels of growth, service and profitability.”
WorkWave, a division of IFS, provides a variety of field service management solutions and software applications. For more information, visit www.workwave.com.
About Team Software
Team Software, Inc. is an Omaha, Nebraska-based provider of software and services for building service contractors. For more information, visit www.teamsoftware.com.