ConstructConnect, a leading provider of construction information, technology solutions and the developer of the iSqFt platform, announced today that they have acquired SmartBid from JBKnowledge.
SmartBid, a leading construction bid management solution for general contractors that streamlines subcontractor management and prequalification workflows, is one of three significant investments - including QuoteSoft and PlanSwift - recently made by ConstructConnect.
ConstructConnect has combined iSqFt and SmartBid to enable their collective customers to make the connections necessary to build and strengthen relationships, leverage project data and analytics to make better decisions while using more effective software to deliver projects more profitably.
"We recognize general contractors need access to as many capable subcontractors as possible in the markets they serve to be positioned for success," said Dave Conway, President and CEO, ConstructConnect. "The combination of these businesses will provide our customers access to many more subcontractors who have the capacity to complete their projects."
"Bringing together iSqFt and SmartBid is great news for our GCs and Subs," said James Benham, CEO of JBKnowledge. "Our General Contractors will have access to a significantly larger pool of active subcontractors as they reach into newer markets and our subcontractors will have more opportunities on which to bid."
ConstructConnect will continue to support and improve both iSqFt and SmartBid going forward.
JBKnowledge will continue to offer industry related services and will remain headquartered in Bryan/College Station, Texas.
"James and his entire team have worked hard to provide their customers with solutions that meet their preconstruction needs," explained Conway. "Bringing these two leading bid management solutions together is an important step in our own transformation as we deliver our next generation platform that will combine our market leadership with new best-in-class software."
He concluded, "We are moving toward a more personalized user experience that's powered by access to more data, more connections and more tools in one place than ever before."
