FREMONT, CA: A leading developer of cloud-based financial, operations, and workforce management solutions— TEAM Software— acquires Lighthouse, a mobile workforce management platform for service contractors with field-based teams.
This acquisition integrates TEAM's expertise in deep security and janitorial industry and award-winning holistic technology platform with Lighthouse's fresh, innovative perspective on mobile workforces. The partnership offers an enhanced industry-specific solution with unprecedented depth and breadth. Lighthouse's guard-based touring, task and issue management, enhanced mobile audits, and continuous, real-time location tracking to better view, manage and automate operations capabilities are added, to the existing financial, operations and workforce management solutions with the collaboration.
The partnership is said to enable TEAM to become the one-stop application in the field for security and janitorial companies. Apart from being parallel in missions, industries, and solutions, the companies have similar people-centric approaches to business as well, always putting customers' preferences on the front line, listening, and quickly acting on customer needs.
TEAM's solutions range from a complete enterprise software ecosystem to a right-sized workforce management toolset that connects key components of customers' businesses. Its efficiency-enhancing technology transforms business management and drives profitability.
With a growing number of enterprises emerging across the globe, the change in work dynamics is expected to fuel the growth of the workforce management market. Workforce management solutions enable organizations to run sophisticated analytics on workforce processes to spot the problem and rectify them, thus ensuring better use of existing resources. Key players in the workforce management market follow the strategy of partnerships and acquisition of smaller organization to gain a competitive edge in the market and offer innovative and customized solutions to cater to the demand of various organizations of different sizes.