About Foundation Software
Foundation Software is a company based in Cleveland (United States) founded in 1985 was acquired by Thoma Bravo in August 2020.. Foundation Software has completed 5 acquisitions, including AboutTime Technologies, Estimating Edge and McCormick Systems. Foundation Software offers products and services including FOUNDATION, Payroll Processing, and Time Tracking. Foundation Software operates in a competitive market with competitors including Built, Briq, TEAM Software, RapidWorks and Xpedeon, among others.
- Headquarter Cleveland, United States
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Sectors
TechnologyReal Estate & Construction
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Phone
*********
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Website
*********
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Social
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- Legal Name Foundation Software, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
AboutTime Technologies
& 4 more
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Acquired by
Thoma Bravo
(Aug 04, 2020)
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Products & Services of Foundation Software
Foundation Software offers a comprehensive portfolio of products and services, including FOUNDATION, Payroll Processing, and Time Tracking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for tracking job costs and financial reporting in construction.
Tool for managing construction payroll and compliance requirements.
App for syncing field time data with office accounting systems.
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Sales and Marketing
38 people
Software Development Team
18 people
Leadership Team
8 people
Finance and Accounting
4 people
Implementation Team
4 people
Creative and Marketing Team
4 people
Project Team
3 people
Human Resources and Administration
3 people
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Funding Insights of Foundation Software
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Foundation Software
Foundation Software has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Thoma Bravo. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Software and technology-enabled services companies are targeted for investment.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Foundation Software
Foundation Software has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include AboutTime Technologies, Estimating Edge and McCormick Systems. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of SaaS-based credit card and expense management software for the construction companies
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2019 | ||||
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Field management software is delivered via SaaS for construction professionals.
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2015 | ||||
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Track and manage mobile resources and assets
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Foundation Software
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Foundation Software Comparisons
Competitors of Foundation Software
Foundation Software operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Built, Briq, TEAM Software, RapidWorks and Xpedeon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based management of construction loan life cycles is provided.
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| domain | founded_year | HQ Location |
Briq is recognized for developing autonomous work platforms.
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| domain | founded_year | HQ Location |
Cloud-based ERP and workforce management software is offered for contractors.
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| domain | founded_year | HQ Location |
Provider of ERP software solutions for heavy equipment job management and dispatching
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| domain | founded_year | HQ Location |
SaaS ERP solutions are delivered for engineering and construction sectors.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Foundation Software
Frequently Asked Questions about Foundation Software
When was Foundation Software founded?
Foundation Software was founded in 1985.
Where is Foundation Software located?
Foundation Software is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.
What does Foundation Software do?
Foundation Software is an accounting software for construction with features like job costing, payroll, ledgers, purchase orders, subcontracts, CPA audits and reporting. Also provides additional modules for project management, equipment and inventory management. Has a mobile app to enter and submit timecard and job data. Was included in the Inc. 5000 list of fastest-growing private companies in America in 2015. Pricing based on number of modules purchased, the number of user licenses.
Who are the top competitors of Foundation Software?
Foundation Software's top competitors include Built, Xpedeon and RapidWorks.
What products or services does Foundation Software offer?
Foundation Software offers FOUNDATION, Payroll Processing, and Time Tracking.
How many acquisitions has Foundation Software made?
Foundation Software has made 5 acquisitions, including AboutTime Technologies, Estimating Edge, and McCormick Systems.
Who are Foundation Software's investors?
Foundation Software has 1 investor. Key investors include Thoma Bravo.
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