Foundation Software Acquires AboutTime Technologies
STRONGSVILLE, Ohio, May 4, 2023 (Newswire.com) - Foundation Software, LLC — provider of America's #1 construction accounting software — today announced its acquisition of AboutTime Technologies, developer of WorkMax, construction's leading platform for mobile project cost management.
WorkMax is a web-based mobile resource management solution that enables construction companies to easily track and manage their time and labor, assets, forms, compliance, productivity and project cost management in real time.
AboutTime's integration of technology in construction has revolutionized field-to-office collaboration in the industry. The combination of AboutTime's resource management solution with Foundation Software's leading products in construction software further enables Foundation Software to seamlessly deliver a robust suite of services that align and strengthen contractors' back-office operations.
"AboutTime Technologies is a great addition to the Foundation Software product family because we share similar values — we both want to provide integrated, best-of-breed solutions to the construction community," said Mike Ode, CEO of Foundation Software. "We've known the team at AboutTime for years, so this fit feels very natural. The whole team is excited to take this to the next level."
"Twenty years ago, Kory Tanner, Russ Hanson, Mike Merrill and I set out to revolutionize the construction industry by drastically changing and improving field-to-office collaboration. Our commitment was to integrate technology in construction with solutions that are both simple in the field and powerful in the office," said Ryan Remkes, CEO of AboutTime Technologies. "Since 2004, AboutTime has blazed trails with award-winning innovation for the construction industry and is truly the gold standard. AboutTime and WorkMax solutions deliver a significant positive impact for thousands of contractors around the globe, every day. Today is a monumental day as we have joined forces with another proven industry leader, Foundation Software. We are confident this will help continue to serve customers well and will propel AboutTime and WorkMax to amazing new levels. We could not be more excited for the future."
Mike Merrill, one of the Co-Founders and the Chief Evangelist of AboutTime Technologies, stated, "After more than 15 years of working together with mutual customers and prospects, I know that joining Foundation Software is a great way to expand our offerings to new and exciting levels and opportunities in the marketplace. By aligning with a powerhouse in the industry, we can more effectively share the good news of WorkMax with tens of thousands of new contractors!"
Terms of the deal have not been disclosed. Mayer Brown served as legal advisor to AboutTime Technologies and Massumi + Consoli LLP served as legal advisor to Foundation Software.
Visit WorkMax by AboutTime Technologies or Foundation Software to learn more about their products.
Foundation Software, LLC
Foundation Software delivers job cost accounting, estimating and takeoff, project management, mobile applications, and payroll services, to help contractors run the business side of construction. For information, call (800) 246-0800 visit www.foundationsoft.com or email info@foundationsoft.com.
AboutTime Technologies
AboutTime has been the leader in mobile resource management for construction since 2004. Whether your company operations are local or remote, WorkMax by AboutTime helps your business connect, track and manage all of your mobile resources. The AboutTime and WorkMax solutions are scalable and configurable for managing labor, productivity, project cost management, assets and forms. Our mission is to help connect your teams and leverage technology to make your business more profitable. www.workmax.com; www.abouttimetech.com.
Source: Foundation Software
