Navidar Advises WorkFlex in Its Sale to NICE (NASDAQ: NICE)
Navidar | November 2, 2017
CLEVELAND, OH – Navidar is pleased to announce that our client, WorkFlex Solutions LLC (“Workflex”), has been acquired by NICE Ltd., the worldwide leading provider of both cloud and on-premises enterprise software solutions that empower organizations to make smarter decisions based on advanced analytics of structured and unstructured data.
WorkFlex is a market leader in workforce engagement and is at the forefront of providing patented intelligent automation technology to maximize scheduling flexibility, optimize intraday performance, and reduce administrative overhead. The Workflex award-winning technology that is integrated with NICE’s market leading Adaptive WFO provides the industry’s only cloud Workforce Engagement solution that creates a win-win situation for both employees and the organization. It addresses for the first time two of the most burning challenges facing customer service organizations – creating high workforce engagement and lowering attrition, and responding in real-time to changing customer needs.
“We were pleased to have partnered with Navidar,” stated Larry Schwartz, CEO of WorkFlex. “The Navidar team has a deep understanding of all aspects of the M&A process and active senior banker involvement throughout the process enabled us to proactively navigate through complex issues, and ensure a positive outcome for WorkFlex shareholders, employees and clients”.
“The WorkFlex team developed an innovative and proprietary workforce engagement SaaS solution which provides significant strategic benefits to multinational enterprise customers. We remain committed to focusing on clients located in the middle corridor of the U.S. that have innovative technology solutions to ensure that they receive an unmatched level of investment banking services,” said Stephen Day, Co-founder and Managing Director of Navidar.
Navidar Holdco LLC, with a presence in Austin, Atlanta, Cleveland, Dallas, Denver, Indianapolis, Minneapolis and San Antonio, is an investment banking firm that provides businesses and investors in dynamic industries with strategic merger and acquisition advice, capital raising solutions and corporate advisory services. The firm focuses on SaaS software, eCommerce & Internet, IT and engineering services, specialty manufacturing, and health care information technology companies. Navidar principals have completed more than 300 transactions representing transaction volume of nearly $70 billion in M&A and capital raising, for both private and public companies, over the past 20 years. Navidar Group LLC, a wholly owned subsidiary, is a broker-dealer that is registered with FINRA and SIPC. To learn more about Navidar, please visit www.navidar.com.