Zomentumwhich develops a sales automation platform for MSPs and technology companies, acquired the Belgian company rant. The result: MSPs will earn a automated license management and billing reconciliation solution, said the buyer. the rant The technology essentially pushes SaaS license changes from the SaaS provider to an MSP’s PSA (professional services automation) system in seconds. Financial terms of the deal were not disclosed.
This is the number 112 tech M&A deal that ChannelE2E has covered so far in 2022. See over 1,000 tech M&A deals for 2022, 2021 and 2020 listed here.
As part of the acquisition, Goolash CEO and Founder Jef Bogaerts and the Goolash team will join Zomentum. Amid the deal, Goolash has three employees listed on LinkedIn. The deal surfaces about a year after Zomemtum raised $13 million in Series A funding.
SaaS Licensing and Billing Management Tools: MSP Options Grow
Zomentum and Goolash offer native integrations with platforms such as
- Acronis Cyberprotect
- Altaro virtual machine
- cisco duo
- Datto SaaS Protection and Datto RMM,
- MSP GravityZone Cloud Security
- Google workspace
- Microsoft 365 and Microsoft Azure
- OpenText web root,
A SolarWinds backup integration is expected soon. ConnectWise and HaloPSA integrations are planned for the second quarter of 2022, the buyer said.
Several technology companies and MSPs have tackled the challenge of SaaS license management in several ways. Key examples include:
Zomentum Acquires Goolash: Management Insights
In a prepared statement on the deal, Shruti Ghatge, CEO of Zomentum, said:
“Technology partners manage thousands of recurring licenses, usually with manual processes, which is an administrative nightmare. They are well aware that they are losing revenue when client licenses fall through the cracks. What they don’t know is that there is a simple and effective solution. The addition of Goolash’s license management and billing reconciliation to the Zomentum revenue platform solves this critical issue and illustrates our continued commitment to supporting the entire revenue lifecycle for our partners.
“We created Goolash to solve the gap between licensing and SaaS billing for our own MSP and have been helping other solution providers fill this drain on their revenue streams since 2017. Goolash is a robust and deep solution that has been tried and tested by the partner community. It is a perfect complement to Zomentum’s revenue platform. Together, we help our partners generate, grow and manage their revenue. »