Foundation Software Acquires McCormick Systems

Foundation Software Acquires Estimating Edge

January 6, 2022

Software

Foundation Software, a provider of construction back-office solutions, has acquired Estimating Edge, maker of The EDGE commercial construction estimating, takeoff and project management software. The acquisition expands Foundation's product suite to offer a more complete back-office solution for specialty trade contractors and strengthens its estimating and takeoff capabilities.

Thoma Bravo Acquires Foundation Software

August 4, 2020

Software

Thoma Bravo has completed a strategic growth investment to acquire Foundation Software, a provider of construction accounting software and payroll services for small- to mid-sized specialty contractors. Founder & CEO Fred Ode will retain a minority ownership stake, and the transaction was financed by funds managed by affiliates of The Private Credit Group of Goldman Sachs Asset Management, BlackRock US Private Credit and Interbank.

Foundation Software Acquires Harness Software

June 6, 2022

Software

Foundation Software, LLC has acquired Harness Software, a Toronto-based provider of construction safety software that offers a mobile safety app and tools for specialty contractors. The acquisition adds dedicated jobsite safety functionality to Foundation's construction software platform; terms were not disclosed.

Groundworks Acquires Foundation Systems of Michigan

July 15, 2020

Construction

Virginia Beach-based Groundworks, a PE-backed national foundation services platform, acquired Foundation Systems of Michigan (FSM) on July 9, 2020. The add-on expands Groundworks' footprint into Michigan and the Midwest, bringing FSM's ~200+ employees and multi-branch operations onto the Groundworks platform backed by investors including Cortec Group and Succession Capital Partners.

Foundation Software Acquires Vendrix, Inc.

June 11, 2025

Software

Foundation Software, LLC has acquired Vendrix, Inc., a construction-focused financial management platform that provides corporate cards, expense management, AP automation and bill pay. The acquisition expands Foundation Software's construction software suite by adding expense and accounts-payable capabilities to deliver a more complete end-to-end solution for contractors.

Foundation Software Acquires AboutTime Technologies (WorkMax)

May 4, 2023

Software

Foundation Software, a provider of construction accounting and project management software, has acquired AboutTime Technologies, the developer of WorkMax — a mobile project cost and resource management platform for the construction industry. The deal combines AboutTime's field-to-office resource management capabilities with Foundation's back-office construction software to deliver a more integrated suite of solutions for contractors; terms were not disclosed.