Bold Technologies completes merger with Perennial Software

Alarm monitoring software provider Bold Technologies announced on Tuesday that it has completed its long-planned merger with business management software maker Perennial Software. According to a statement, the companies will become one, with Bold bringing Perennial’s line of products, including SedonaOffice and AlarmBiller, under its umbrella

Both companies have been acquired by EverCommerce, a multi-vertical service commerce platform, in order to facilitate the merger. 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, the 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. With the resources and backing EverCommerce provides, Bold now has the flexibility and financial stability to continue our company growth and realize future plans. We have already begun initiatives to create stronger, more integrated solutions that will target the whole security industry, and are exceptionally pleased to be part of the EverCommerce family.”

“We could not be more excited to bring these two companies into the EverCommerce family and support this strategic merger,” said Matt Feierstein, President and COO of EverCommerce. “I’m looking forward to working with the Bold and Perennial teams as they combine forces and build their long-term growth plans, providing even more value with their products and services to customers.”

Coles will share his vision for the new company along with immediate plans for the future at the 2018 Bold Users Conference taking place in Albuquerque, N.M., from July 31-Aug. 2.