We’re delighted to announce the exit of Peoplesafe, a global provider of workforce safety software products and services for lone workers and at-risk workers, to Summa Equity, generating a return of 2.7x since we first invested in the company in 2018.
Founded in 2001, Peoplesafe has more than 25 years of experience supporting employers and protecting lone and frontline workers in increasingly complex and hybrid work environments. It serves public and private sector customers across industry, healthcare, real estate, retail, utilities, and more.
Peoplesafe equips workers with real-time access to emergency support. Employees access the support through several integrated safety solutions including mobile apps, dedicated devices, and a 24/7 in-house Alarm Receiving Centre (ARC). These are all connected through Peoplesafe’s own software platforms, Nexus and Lighthouse. Over the past year, the company launched Travelsafe, a safety travel app for employees, and Apple Crash Detection to protect employees during work-related travel. They also introduced Roamsafe, so that employees can maintain connectivity even in low-signal areas. This has also supported AI features being launched by the business, including Alarm Intelligence, which seeks to expedite response and enhance health and safety reporting by summarising complex technical incident logs into digestible summaries. Increasingly, Peoplesafe also integrates directly into organisations HCM and workforce management platforms.
“We are delighted to have been part of such an exciting growth stage for Peoplesafe, that saw them grow into the North American market, deliver key acquisitions, and launch its new market leading platform, cementing its position as a leading workforce safety provider. Congratulations to both management and Summa Equity on the deal. We look forward to continuing to be part of Peoplesafe’s journey going forwards as a minority investor alongside the Summa team.”
Tags: Peoplesafe Daniel Baily ECI