STRONGSVILLE, Ohio, June 6, 2022 (Newswire.com) - Foundation Software announced today the acquisition of construction safety software provider, Harness Software. With this acquisition, Foundation adds a much-asked-for piece to their ever-growing software platform.
Creators of The Harness Safety App, Harness offers easy-to-use safety tools for specialty contractors, including those in the roofing, electrical and mechanical trades. With Harness, contractors can easily track toolbox talks, inspections, training, certifications and more — increasing jobsite safety and allowing for better management of company health and safety programs.
"When we started Harness Software, our goal was to help as many contractors as possible to improve their health and safety programs," said Tom Whitaker, CEO of Harness Software. "By joining with a large, successful company like Foundation Software, we're able to expand our reach to better achieve this goal."
Harness will join Foundation's expanding construction management platform, which currently features accounting, project management, estimating and takeoff software for specialty contractors, and a construction-specific payroll service.
Mike Ode, CEO of Foundation Software, elaborated on what the addition of Harness to Foundation means for the industry as a whole.
"We're thrilled to add Harness to our family of companies," Ode said. "In talking with contractors over the years, a dedicated safety application was always one of the top-requested features. With Harness, we're able to offer our customers another industry-specific tool to help run their business."
Terms of the deal have not been disclosed. Massumi + Consoli LLP served as legal advisor to Foundation Software.
About Foundation Software, LLC
Foundation Software delivers job cost accounting, project management, estimating and safety software, along with payroll services, to help contractors run the business side of construction. For information, call (800) 246-0800 or email email@example.com.
About Harness Software
Harness Software offers software to help construction companies manage their health & safety programs, making their job sites safer and reducing their liability if an incident occurs. For information, call (855) 627-4522 or email firstname.lastname@example.org.
About Thoma Bravo
Thoma Bravo is one of the largest private equity firms in the world, with more than $103 billion in assets under management as of December 31, 2021. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging the firm's deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. The firm has offices in Chicago, Miami and San Francisco. For more information, visit www.thomabravo.com.
Source: Foundation Software