BOSTON – (BUSINESS WIRE) – November 23, 2021–

Tempo software, the leader in team time management and productivity improvement solutions, today announced the acquisition of Roadmunk, the end-to-end mapping solution for product strategy development and communication . Roadmunk’s modern and pragmatic roadmap platform enables companies to collaborate quickly and efficiently across the organization. Global customers include Microsoft, VISA, Fedex, Hulu, and NFL.

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From the recent Tempo publication survey results, 46% of software development managers say they use time tracking information to inform product stewardship and roadmap. Yet organizations still often struggle to effectively and accurately communicate where they are headed and face the challenge of delivering realistic product development plans that take into account time and capacity data. The combination of Tempo and Roadmunk will further support modern product-driven organizations with the ability to combine roadmaps and planning with financial capacity and team data, so forward-thinking organizations can meet needs. of their customers and thrive in dynamic and competitive landscapes.

“With the powerful mapping and planning capabilities of Roadmunk, Tempo accelerates our vision of using data to help product organizations design products better,” said Mark Lorion, CEO of Tempo Software. “We are delighted to welcome Roadmunk to Tempo. Together we will have a very unique and comprehensive perspective on the contribution that product organizations make to strategic planning and portfolio management. Our combined experience will allow us to be both progressive and grounded in the realities of strategic execution challenges to create a solution specifically designed to effectively guide product development planning and forecasting.

“As Roadmunk joins Tempo today, we are witnessing a further extension of our founding mission to help companies achieve maximum efficiency and precision in their roadmap and planning,” said Latif Nanji, CEO of Roadmunk. “It’s an ideal solution for Roadmunk and Tempo teams with both a corporate culture and a customer-focused mindset. We are proud to join the team and play a pivotal role in the next phase of Tempo’s journey.

Roadmunk was founded in 2012 by Latif Nanji, Tomas Benda, Technical Director and Jalil Asaria, Revenue Director, and is headquartered in Toronto.

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The transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions. Terms of the deal were not disclosed.

About Tempo

Tempo Software offers integrated time management, resource planning and budget management applications for software engineering and product management teams. Our clients gain an unmatched understanding of time and effort, and they improve the way their teams plan and manage their work. This provides an aligned understanding and planning of how time – the most precious and finite resource – is optimized. Tempo Software is seamlessly integrated with popular DevOps tools and is a natural and automated part of users’ workflows.

Based in Boston and with offices in Reykjavik, Iceland and Montreal, Canada, Tempo Software is one of the largest and most successful companies in the Atlassian ecosystem.

Tempo has more than 20,000 clients in a range of industries in more than 100 countries. He works with hundreds of partners around the world, offering resale, training and advice in local languages. Tempo is available in English, French, German, Spanish, Portuguese and Russian, and Japanese will be available soon. To learn more about Tempo, visit www.tempo.io

About Roadmunk

Roadmunk is an enterprise SaaS platform that enables product teams to gather feedback, prioritize ideas, and manage their roadmaps. We place great emphasis on design, collaboration and security, while being integrated with industry-leading project management tools such as JIRA from Atlassian and Azure DevOps from Microsoft. With more than 3,000 customers, Roadmunk’s diverse global customer portfolio includes Morgan Stanley, Dell, VISA, Indeed, Disney, CarFax and NFL. To learn more, visit www.roadmunk.com.

Sampford Advisors acted as exclusive M&A advisor to Roadmunk.

About Diversis Capital, SEC

Founded in 2013, Diversis is a software and technology-focused private equity fund that invests in lower middle market companies, targeting situations where it can add unique value by helping a company to reach the next level. With a collaborative approach to investing, its operational partners and strategic advisors work alongside leadership teams to help build successful organizations positioned for long-term growth. To learn more, visit www.diversis.com.

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CONTACT: escalate public relations for Tempo.io

[email protected] Joel Richman

[email protected]

+1 617 312 5942

KEYWORD: UNITED STATES NORTH AMERICA CANADA MASSACHUSETTS

INDUSTRY KEYWORD: CONSULTING DATA MANAGEMENT PROFESSIONAL SERVICES SOFTWARE TECHNOLOGY

SOURCE: Tempo software

Copyright Business Wire 2021.

PUB: 23/11/2021 17:45 / DISC: 23/11/2021 17:46

http://www.businesswire.com/news/home/2021112306175/en

Copyright Business Wire 2021.