FEBRUARY 12, 2019
Celero’s latest acquisition furthers its core mission to provide a fully-integrated suite of commerce solutions that combines best-in-class business management software, analytics, and payment processing for small and mid-sized businesses
Celero Commerce (“Celero”), a vertically-focused, integrated commerce solutions provider, today announced the acquisition of RazorSync, LLC, a developer of desktop and mobile application-based software-as-a-service that streamlines operations for companies in the field service industry. The acquisition of RazorSync follows Celero’s recent strategic investment in payments processor UMS Banking.
Headquartered in Minneapolis, RazorSync provides a cost-effective, all-in-one software platform enabling its customers to reduce customer friction and increase productivity and profitability. The SaaS-based solution includes field worker management, scheduling and dispatch, route optimization, invoicing, and payment acceptance. RazorSync serves field-based companies across dozens of trades and professions, including home and commercial services such as HVAC, plumbing, electrical, alarm & security, and cleaning.
Celero’s mission is to provide tools — products, technology, and data — to small and mid-sized businesses that allow them to more effectively compete and win in a rapidly changing, technology-driven marketplace. The integration of Celero’s payments processing capabilities and RazorSync’s software solution will deliver transformative business management tools to Celero’s strategic partners and a seamless customer experience to their customer base.
“It has become increasingly more complex for banks, payments providers, and other strategic partners to differentiate the manner in which they help companies grow,” stated Kevin Jones, founder and CEO of Celero Commerce. “Five years ago, our payments customers simply had credit card terminals. Now, small and mid-sized businesses from HVAC technicians to flower shops are hungry for help with scheduling, route optimization, inventory management, invoicing, and much more. We are excited to join forces with RazorSync, furthering our dedication to developing, acquiring, and integrating the tools that empower our partners to deliver outstanding differentiation, value, and growth opportunities to their customers.”
According to RazorSync co-founder and President Chris Rywelski, teaming up with Celero was a win-win for both the company’s growth and its customer-centered development ethos. “I was impressed with Celero’s vision of empowering customer growth through integrated solutions,” he explained. “Their expertise in payments will drive even more value to our customers at the convergence of technology, data, and strategic partnerships. Together, we can eliminate headaches for small and mid-sized business that have historically pieced together payments platforms and operational software solutions.”
About RazorSync, LLC
RazorSync, LLC, headquartered in Minneapolis, is the publisher of RazorSync software for the field service industry. RazorSync’s award-winning software is a powerful yet easy-to-use desktop and mobile app that streamlines the business operations of a company in the field service industry, allowing customers to manage their customers and field workers, schedule and dispatch workers, invoice, and much more — all from a smartphone, tablet, or desktop computer. RazorSync helps increase productivity and efficiency, reduce errors, and shorten the billing cycle to improve cash flow and eliminate paperwork.
About Celero Commerce
Based in Nashville, Celero Commerce is a full-service, integrated electronic commerce solutions provider powered by leading edge technology, strategic partnerships, and business intelligence, all moving at the speed of modern business. Celero offers payment processing services, business management software, and data intelligence to small and medium-sized businesses, empowering them to drive growth and profitability.
Read press release here: https://www.llrpartners.com/celero-acquires-razorsync/