Tag: <span>Acquisition</span>

Tag: Acquisition

Foundation Software announces acquisition of RT3 member Estimating Edge

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This acquisition further enables Foundation to provide software and services that align and strengthen contractors back-office operations.

Foundation Software, LLC — provider of America’s #1 construction back-office solutions — has announced the acquisition of Estimating Edge, developer of The EDGE™ commercial construction estimating, project management tracking and takeoff software.

This acquisition further enables Foundation to serve the construction community by providing software and services that align and strengthen contractors back-office operations.

Estimating Edge creates a professional, all-in-one commercial construction estimating, project management tracking and takeoff software for acoustical, drywall, EIFS, fireproofing, flooring, painting, roofing, wall paneling and waterproofing contractors. By adding Estimating Edge to their family of products, Foundation now offers an even more complete solution for contractors to take control of their projects at every stage.

“It’s an exciting time right now,” said Adam Oaks, CEO of Estimating Edge. “We’ll continue to focus on takeoff, estimating and project management for specialty trade contractors, but now being part of Foundation Software, we’ll have more resources to provide even greater value for our customers.”

Foundation continues to grow its product offerings through both development and acquisitions. Mike Ode, CEO of Foundation Software, looks forward to what this latest addition will mean for the industry.

“We are excited to have Estimating Edge join the Foundation Software family of companies. The addition of their commercial construction estimating and takeoff products will allow us to move closer to the goal of becoming an all-in-one back-office solution for contractors,” Ode said. “We’re looking forward to working with the Edge team and learning from their years of expertise serving commercial specialty trade contractors. Together, we’ll be able to provide leading and proven software tools to both our clients and the industry as a whole.”

With their shared business and cultural alignment, Oaks knew the decision to join Foundation was the right one.

“It was the right choice to partner with Foundation Software,” said Oaks. “They are the best-of-breed accounting solution, and their customer focus and company culture is one that closely aligns with ours.”

Terms of the deal have not been disclosed. Raymond James served as financial advisor to Estimating Edge and Kirkland & Ellis served as legal advisor to Foundation Software.

Visit Estimating Edge or Foundation Software to learn more about their products.

About Foundation Software, LLC

Foundation Software delivers job cost accounting, project management and mobile applications, along with payroll services, to help contractors run the business side of construction. For information, call (800) 246-0800 or email info@foundationsoft.com.

About Estimating Edge

Estimating Edge is a team of tradesmen and software engineers working together to build “cutting-edge” software for the construction industry. For more than 30 years, Estimating Edge has been a trusted provider of commercial construction takeoff and estimating software. The company’s flagship product, The EDGE, is designed around the construction workflow, not the way the software companies believe the user should be estimating. The software is intuitively designed to help both new and seasoned professionals work smarter, bid sharper and build better. Supported trades include roofing, drywall, acoustical, fireproofing, flooring, exterior insulation, painting and wall panels. For more information, call 561-276-9100 or email marketing@estimatingedge.com.

RT3 Member Harness Software Acquires CertGround App, Hires Founder

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CertGround app is used by union locals to manage training and its founder, Sean Campbell will join the Harness development team.

Harness Software announced today that it has agreed to acquire CertGround, an app used by union locals to manage training & track certifications for their membership.  Sean Campbell, the founder of CertGround will join the Harness development team.  The terms of the deal were not disclosed and the transaction is scheduled to close in the summer of 2021.

CertGround founder Sean Campbell, a member of the International Brotherhood of Electrical Workers in London, ON Canada is a self-taught developer and initially created CertGround to help his local union chapter better manage training & certifications.

“When I met Sean, I was immediately impressed with the high level of skill he has as a developer.  The fact that he has worked for over 10 years as an electrician before learning to code gives him an insight into our users that is invaluable.  I’m so excited to have him join our team,” said Tom Whitaker, CEO of Harness Software.

Existing CertGround customers will not be adversely affected as Harness will continue to support them separately for the foreseeable future.  Eventually, the features of CertGround will be incorporated into the core Harness Safety App.

Harness Software currently serves thousands of daily active users and allows construction companies to easily deploy & manage a strong health & safety program.  Companies using Harness have safer job sites, fewer injuries, lower insurance costs, and are better able to recruit & retain workers.

This is the first acquisition in the company’s history.  The company isn’t done making noise and has plans to announce more major initiatives soon. “2021 is going to be a momentous year for our company,” said Whitaker.