Sage, the trusted software provider for small and mid-sized businesses (SMBs) in the construction industry, announces the acquisition of Bridgetown Software, owner of BidMatrix a leading cloud-native bid analysis tool for the construction industry. This is Sage’s second acquisition in the construction sector within a year.
The acquisition of BidMatrix aligns with Sage’s strategy to transform Sage Estimating into a cloud-native solution. Further strengthening Sage's CRE portfolio, it combines the powerful features and efficiency of Sage Estimating with the collaborative, scalable, and innovative capabilities of the BidMatrix cloud native platform. This combination will greatly improve productivity for small and medium-sized construction businesses by simplifying processes, removing uncertainties, and helping them secure more projects at the right price with greater confidence.
Julie Adams, Sr VP Product for Construction and Real Estate said “Sage has been a construction technology leader at the forefront of innovation for more than 50 years and we are excited to add BidMatrix to our preconstruction portfolio. Joining forces with the Bridgetown Software team and coupling Sage Estimating's deep functionality with BidMatrix's cutting-edge cloud platform, marks a pivotal step in reimagining construction estimating in the cloud. Together Sage Estimating and Bid Matrix can accelerate market adoption and increase the value we provide the construction industry by enabling digital transformation.”
Steve Watt, President & CEO, Bridgetown Software said “Sage is the ideal home for BidMatrix and by joining forces we can accelerate our combined vision to build out richer capabilities on BidMatrix’s powerful cloud platform, immediately complementing and evolving Sage’s current estimating solution with tools that increase productivity, improve bid to awarded project ratios, and maximize growth and profitability.”
This deal brings Sage Estimating and BidMatrix together, bridging the gap currently felt by customers today. Embracing an open platform ethos and championing the power of choice, demonstrates that Sage remains dedicated to flexibility. Sage and BidMatrix will continue to work with third-party preconstruction/estimating tools, offering customers the freedom to opt for the optimum blend of Sage and third-party solutions that best suit their needs.
Walid Abu-Hadba, Sage’s Chief Product Officer said “With the acquisition of Bridgetown Software, Sage is making a decisive move in strengthening our solution portfolio and support for the construction industry. This acquisition, our second in this sector within a year, underscores our unwavering commitment to this vertical. BidMatrix not only complements our existing solutions but also opens new avenues for SMBs in construction to thrive through enhanced productivity and profitability”
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