JDM Technology Group, the parent company of Computer Guidance Corporation, announced that it has acquired Oxley, Queensland-based, CavSoft. CavSoft is a leading provider of estimating and takeoff software for the Australian construction industry. The purchase closed on March 31, 2022, with approval from CavSoft’s founder and principal Paul Funnell.
CavSoft’s estimating software helps contractors in the plumbing, building, electrical, and civil works industries reduce estimating time so they can win more work and grow their businesses.
CavSoft will join Spearhead Software, a JDM Technology Group company with expertise in estimating software for the Australian electrical industry, based out of Kelmscott, Western Australia. Phil Johnstone, Managing Director of Spearhead Software, will lead CavSoft, while Spearhead’s Kerry Busby will assume responsibility for sales and client management. Founder and principal Paul Funnell will be advising throughout the transition.
In a statement on the sale, CavSoft founder Paul Funnell said, “I am proud of the company I founded and the relationships that I have made along the way. I can think of no better legacy than the assurance that CavSoft’s customers and software will continue to be supported within the JDM Technology family of construction software providers.”
“We are very pleased to welcome CavSoft and their customers. Their estimating software is an excellent addition to our global portfolio of construction software companies,” said JDM CEO Jim McFarlane. “We are a private, family business focused on the long-term. This strategy continues to make the JDM Technology Group an excellent home for software companies.”
“CavSoft’s estimating and takeoff software are an excellent fit with the JDM Technology Group,” added Phil Johnstone of Spearhead. “JDM and Spearhead will continue to strengthen the CavSoft team and product by providing access to additional resources, technology, and support from our global family of construction software companies.”
To view the original press release, please click here.
