What happens when you combine the resources of the largest provider of construction information in North America with the leading software-as-a-service company? You get a marriage that will make its corporate leadership in Cincinnati,Ohio very happy in the coming years as construction activity takes an upswing-even here in Guam.
iSqFt and Construction Market Data Group (CMD) announced earlier this month that the companies have merged. The combination brings together businesses with complementary strengths in different segments of the construction sector, creating an organization with an enhanced product offering for customers and a strong technology platform focused on innovation. After the merger is completed, the combined organization will provide comprehensive construction data and software solutions for customers across North America and the Pacific Rim.
“CMD has established an excellent track record providing high-quality data, information and insights to the construction industry across North America,” said iSqFt CEO Dave Conway. “With our shared commitment to customer service and product delivery, this merger fits into our long-term strategy to leverage the best of our combined companies to provide improvements on our already great data and deliver innovative solutions.”
CMD, formerly Reed Construction Data and Construction Market Data, is owned by Warburg Pincus, a leading global private equity firm focused on growth investing, and Reed Business Information. Warburg Pincus will continue to be a shareholder in the combined company.
“We are excited about the combination of iSqFT and CMD and look forward to partnering with the management teams to support the company’s growth initiatives,” said Warburg Pincus Managing Director Alex Berzofsky.
The local construction firms which use iSqFt will gain highly complementary capabilities that will build on these respective firms’ reputations for outstanding customer service and will create exciting opportunities for its employees and users. This blogger is looking forward to the upgrades to the interfaces to include video, opportunity status and bidder audit reports.
To find out more about how GET, LLC, through our construction technology and materials partners can help your next project, give us a call at 671-483-0789 or check out our website at www.get-guam.com for more information.