To facilitate this merger, both Bold and Perennial have been acquired by Evercommerce, a leading multi-vertical service commerce platform. Perennial was acquired earlier this year in February, with Bold following on June 1st.

Bold and Perennial’s key management personnel will remain under the new Evercommerce acquisition: Rod Coles, the CEO of Bold Technologies, will become President of the newly merged company. Laurie Salim, President of Perennial, is now the VP of Operations, and Matt Narowski, VP of Operations for Bold, is now the VP of Technology for the new company.

"This merger and acquisition was an ideal choice for Bold,” says Coles. “(Perennial Software founder) Michael Marks and I had a strong partnership, and we knew given the right conditions, a merger would be a fantastic outcome for our customers and staff. Evercommerce believed in our vision, enabling us to combine the resources of Bold Technologies and Perennial Software. The new company is going to be a formidable force within our industry.” He adds, “With the resources and backing Evercommerce provides, Bold now has the flexibility and financial stability to continue our company growth and realise future plans. We have already begun initiatives to create stronger, more integrated solutions that will target the whole security industry, and are exceptionally pleased to be part of the Evercommerce family."

"We could not be more excited to bring these two companies into the Evercommerce family and support this strategic merger,” said Matt Feierstein, President and COO of Evercommerce. “I’m looking forward to working with the Bold and Perennial teams as they combine forces and build their long-term growth plans, providing even more value with their products and services to customers."