About the transaction
ExakTime provides innovative workforce management solutions for construction and field services companies and serves over 7,000 customers and 250,000 users daily. The company equips businesses with a GPS-enabled app for field-based time and activity tracking and compliance verification, plus cloud-based software and direct syncing with accounting and payroll programs. Providence Strategic Growth is the growth equity affiliate of Providence Equity Partners, a leading global equity firm with $50 billion in assets under management. Exaktime is joining a new platform company created by Providence Strategic Growth, Arcoro, Inc.