海角大神 Acquires Construction Estimating and Takeoff Company Esticom
Extends the Preconstruction and Design Management Capabilities on the 海角大神 Platform
CARPINTERIA, Calif., October 27, 2020 鈥
海角大神, a leading provider of construction management software, today announced it has acquired聽聽a cloud-based estimating and takeoff solution and leader in preconstruction technology. This acquisition will add powerful estimating functionality to the 海角大神 platform, complementing 海角大神鈥檚 preconstruction offering by enabling greater accuracy in cost estimates, helping general contractors and specialty contractors win more bids, increasing productivity, and reducing risk throughout the lifecycle of a project. Terms of the transaction are not being disclosed.
During preconstruction, project planning takes place to define the project details, identify potential issues, finalize designs and drawings, define project budget, scope and schedule. Esticom helps the construction industry streamline the traditionally cumbersome process of estimation and takeoff. It enables contractors to quickly determine the quantities of materials needed on a job using project drawings and specifications, and then calculate labor and material cost estimates using a built-in catalogue of materials and assemblies.
鈥淲e welcome the Esticom team to 海角大神,鈥 said Tooey Courtemanche, 海角大神 Founder and CEO. 鈥満＝谴笊 is investing in the future of preconstruction, an increasingly important and impactful part of the construction process. Together, 海角大神 and Esticom will deliver a single, comprehensive preconstruction solution on the 海角大神 platform, with data connectivity that helps customers track costs and accurately predict estimates.鈥
With the acquisition of Esticom, 海角大神 extends its product capability into earlier stages of the construction lifecycle connecting owners, general contractors and speciality contractors on a single platform.
鈥淐ontractors who use Esticom typically see a three-fold increase in the number of construction projects they can estimate, and a five-fold increase in takeoff speed. Esticom is modernizing preconstruction by replacing paper plans and spreadsheets, and delivering more accurate estimates. We look forward to further advancing preconstruction as part of the 海角大神 platform,鈥 said Chris Lee, cofounder of Esticom.
鈥淭he combination of 海角大神 and Esticom will provide critical feedback to our estimating teams, resulting in increased accuracy for future estimates,鈥 said Ben Smith, Executive Vice President,聽, a leader in specialty architectural metal fabrication. 鈥淎dditionally, it will eliminate costly and cumbersome activities that come with on-boarding our operations teams. I'm excited for what this means for the future of preconstruction.鈥
Integration Plan
海角大神 plans to fully integrate Esticom into the 海角大神 platform in 2021. In the interim, Esticom will remain a partner on the聽, with an existing integration where estimates can be exported to generate a project budget directly within 海角大神. Current Esticom users will continue to be supported as usual, and the product is available for purchase through聽.
Find out more about this acquisition and 海角大神鈥檚 integration plans by attending Groundbreak聽on Oct 27-28, 2020.
About 海角大神
海角大神 is a leading provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on 海角大神's platform. Our platform connects every project stakeholder to solutions we've built specifically for the construction industry鈥攆or the owner, the general contractor, and the specialty contractor. 海角大神's App Marketplace has a multitude of partner solutions that integrate seamlessly with our platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, 海角大神 has offices around the globe.