- Thursday, Jan. 7, 2016
- BURBANK, Calif.
The TEAM Companies, Inc., a payroll, business affairs and technology provider to the advertising and entertainment community, has completed its acquisition of Lightspeed EPS, Inc. The TEAM Companies has a combined revenue of $1.3 billion and nearly 200 employees in six offices throughout North America.
Lightspeed EPS, Inc. is a provider of cloud-based entertainment production management software for the feature film and television industries. As a result of this acquisition, Lightspeed EPS, Inc. has been fully integrated into The TEAM Companies.
All current and future clients of the TEAM COMPANIES will enjoy many benefits as a result of the integration of Lightspeed EPS, Inc. with TTC’s focus on leading technology, innovation and efficiencies. Eliminating the significant amount of friction and manual effort across the production supply chain remains the key foundation of The TEAM Companies’ approach to each productivity tool it develops for its enormous client base across its wide array of entertainment payroll offerings. Lightspeed customers will immediately benefit from the additional capacity and resources provided by The TEAM Companies.
Jim Fitzgerald, CEO of Lightspeed EPS, who will join The TEAM Companies as chief Lightspeed product officer, said, “The Lightspeed staff and I are thrilled to join an organization that utilizes cutting edge technologies to provide a second to none customer experience. We look forward to the introduction of exciting and innovative products in 2016.”
The TEAM Companies CEO Gerry Schwartz said, “Lightspeed is known and respected in the feature film and TV production worlds for their web-based production management system. Their expertise in developing that technology made them the logical choice to partner with to design a similar system for our clients working on short-form, print and live event projects.” The outcome of that collaboration has been TEAM Time Cards, The TEAM Companies’ web-based timecard system created for their commercial production, print and concert tour clients.
The TEAM Companies COO Justin Kramer said, “We will continue to support Lightspeed’s feature film and TV production management system for their clients who rely heavily on this tool. But the Lightspeed team’s primary focus will be to further enhance TEAM Time Cards and they will also be instrumental in developing new technologies for our clients as well as creating technology tools and enhancements for our internal use.”