JDM Technology Group, a global group of leading software providers for the architecture, engineering and construction industries, has announced that it has acquired Witney, UK based Estimate Software Limited, a leading provider of construction estimating software. The transaction closed as of August 31, 2017 after approval by Estimate Software’s founders and owners, John Forster and Barry Groom.
Estimate Software provides estimating and takeoff software as well as price libraries for the construction industry in the United Kingdom and around the world. The acquisition strengthens the JDM Technology Group with a broader offering of estimating software solutions to its existing customer base as well as increased construction software offerings to Estimate’s customers.
“We are pleased to complete this transaction with the JDM Technology Group.” Said Barry Groom, co-owner of Estimate Software. “Working with our customers and the construction industry has been very rewarding. As we considered next steps, we looked for an acquirer that could serve our customers and continue our legacy by building the Estimate brand and organization. With its focus on customer-service and construction software, I’m confident the JDM Technology Group is the right choice. Our customers will be supported by a group of leading construction software organizations that are unparalleled as they collaborate in redefining the future of the construction industry.”
Having acquired numerous companies since 2004, the JDM Technology Group has established a proven strategy for integrating acquired companies into its existing infrastructure. Estimate Software will continue to operate as a separate brand with its existing staff, while combining with the resources of Integrity Software Systems, a JDM Technology Group company based in Lincoln, UK with which Estimate shares some customers. Sophie Hurst, Managing Director of Integrity Software, will lead Estimate Software and oversee day-to-day operations of both Estimate and Integrity. Both Barry Groom and John Forster will continue with the company during the transition period.
“Our Buy and Build strategy ensures that customers continue to have access to the best technology globally. In addition, by retaining the Estimate staff and organization, customers will continue to receive service and support from the same people they are used to,” commented Jim McFarlane, CEO of the JDM Technology Group. “As well, we do not end-of-life any products, allowing customers to continue with their preferred software. This strategy creates strong growth and enables the JDM Technology Group to continue to be an excellent home for leading construction software companies.”
With origins in 1986, Estimate Software has been active in its current form since 2002, serving contractors in the UK and around the world through its flagship product: Esti-mate. Through a series of solutions including an estimating module, subcontractor module, pricing libraries, and on-screen take off, Esti-mate offers a powerful range of solutions used by hundreds of contractors on small and large building projects as well as civil engineering and specialist trades work.