Bold Technologies & Perennial Software Merge
Rod Coles, founder and president of Bold Technologies.
BOLD Technologies, a provider of alarm monitoring software distributed locally by SCSI, has completed a long-planned merger with Perennial Software, a leader in business management software in the security industry.
The companies will become one, with Bold bringing Perennial’s line of products, including Sedono Office and Alarmbiller, under its umbrella.
To facilitate this merger, both Bold and Perennial have been acquired by Evercommerce, a leading multi-vertical service commerce platform. Perennial was acquired earlier this year in February, with Bold following on June 1st.
Bold and Perennial’s key management personnel will remain under the new Evercommerce acquisition. Rod Coles, CEO of Bold Technologies, will become president of the newly merged company. Laurie Salim, president of Perennial, is now the VP of operations, and Matt Narowski, VP of operations for Bold, is now the VP of technology for the new company.
“This merger and acquisition was an ideal choice for Bold,” said Coles. “(Perennial Software founder) Michael Marks and I had a strong partnership, and we knew given the right conditions, a merger would be a fantastic outcome for our customers and staff. Evercommerce believed in our vision, enabling us to combine the resources of Bold Technologies and Perennial Software.
“The new company is going to be a formidable force within our industry,” Coles said. “With the resources and backing Evercommerce provides, Bold now has the flexibility and financial stability to continue our company growth and realise future plans. We have already begun initiatives to create stronger, more integrated solutions that will target the whole security industry and we are exceptionally pleased to be part of the Evercommerce family.”
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