Skynamo has been acquired by Klipboard

Klipboard, a global provider of vertical business management software, has completed the acquisition of Skynamo, a market-leading mobile field sales platform used by manufacturers, wholesalers and distributors worldwide. The acquisition adds Skynamo’s award-winning field sales platform to Klipboard’s portfolio and enhances its ability to support wholesalers, distributors and retailers in managing complex operations across many industries.

Skynamo, originally founded as Honeybee in 2012, provides a leading field sales platform used by nearly 1,000 manufacturers, wholesalers and distributors. The company supports millions of customer interactions each year and enables more than US$70 million in monthly order value through its mobile-first, cloud-based application.

Klipboard is a market-leading vertically focused cloud-based business management software provider with over 55,000 enterprise and SMB customers worldwide. The company’s cloud software suites support complex, industry-specific workflows and provide mission critical solutions that enable its clients to source effectively, stock efficiently, sell profitably and service competitively. Klipboard has offices across the UK, Europe, USA, South Africa and Australia. Klipboard serves customers in 74 countries and has over 1,700 team members globally.

Five Elms is a growth investor in software businesses, providing capital and resources to help companies accelerate growth and further cement their role as industry leaders. With US$3 billion in assets under management and a global team of over 75 professionals, Five Elms has invested in more than 70 software platforms globally.

Oaklins Cavendish, one of Oaklins’ member firms in the UK, acted as the exclusive financial advisor to Skynamo in its acquisition by Klipboard. The team was appointed to run a competitive M&A process, utilising sector knowledge to identify and engage with a focused group of key global strategic buyers, with Klipboard emerging as the preferred acquiror and a natural partner for Skynamo.