TaskEasy Acquired by WorkWave

RC Capital is pleased to announce that Fund V portfolio company TaskEasy has sold to WorkWave, a leading provider of SaaS software solutions. TaskEasy connects single-family rental and commercial property owners with contractors through its mobile marketplace. TaskEasy works with the largest single-family home rental brands and hundreds of the largest property managers across the United States, facilitating services at millions of properties in over 12,000 cities. During our investment horizon, the company grew at a CAGR of 34% with 30% net margins.

“This acquisition is in keeping with our strategy of buying leading companies that, when brought into the WorkWave family, directly contribute to giving our customers a competitive advantage over non-WorkWave customers in their local area,” said David F. Giannetto, CEO of WorkWave. “TaskEasy is a best-in-class technology that directly contributes to our customers’ growth by providing them with access to a steady stream of new customers that are only available to WorkWave’s customer base. This will further strengthen our relationship with our customers because as they succeed and grow, WorkWave succeeds and grows.”

“TaskEasy is the first company to automate and consolidate the service work required to maintain thousands of rental properties across North America, sustaining their value and keeping them safe for residents,” said Ken Davis, TaskEasy founder & CEO. “We are thrilled to join together with WorkWave so we can utilize WorkWave’s dense, national customer base to fulfill any type of service work required, while also accelerating growth for WorkWave’s entire small to midsize customer base.”