Advanced Estimating Systems has been acquired by KT Capital. The business provides computer-assisted estimating for the construction industry.
Advanced Estimating Systems, a leader in computer-assisted estimating for the construction industry announced today that it was purchased by KT Capital, a leading Private Equity firm based in Atlanta. The purchase was concluded on January 31st, 2014 with Peter Kacer and Jim Tapp from KT Capital assuming leadership of the new company’s Board of Directors.
“The EDGE is the leading construction estimating software package for several trades – including roofing, drywall and fireproofing, having been in the business for over 25 years. We intend to further develop these products going forward, and to continue the successes realized by the former owners,” said Peter Kacer, a managing director with KT Capital.
The company will operate as The Estimating Edge and will feature new branding, a new website launching today (www.edgeestimating.com), and a renewed focus on driving product innovation. Leading this change is the company’s new president, Brian Fugere. Most recently the chief operating officer at RemitDATA, Inc., Fugere is a software industry veteran with deep roots in marketing, product management, and sales. “I’m excited about the opportunity at The Estimating Edge,” said Fugere, “The legacy commitment to supporting our customers is something we’ll continue to preserve while driving new features and functionality into our software. Ultimately, our job is to make our customer’s jobs easier and that’s our singular focus”.
Coincident with today’s announcement, the company is releasing the latest version of its flagship product, The EDGE 10.7.6, to its customers. According to Fugere, “This version of The EDGE represents a significant step forward in providing our customers with a more efficient and complete estimating package. Future versions will be even more impressive.” Current customers will be contacted by the company to schedule their upgrade.
“We are happy to have Brian Fugere join our team at The Edge, and believe that the future opportunities for The EDGE and our construction estimating products are significant,” said Jim Tapp, a managing director with KT Capital.
About The Estimating Edge
The Estimating EDGE is the leading provider of estimating software for the construction industry. Since 1986, the company has helped its customers win over $50 billion in projects through increased accuracy and greater efficiency in their estimating process. The Edge’s total focus is on providing its customers with the highest quality software, most complete training, and most responsive support in the industry.
About KT Capital
KT Capital is an Atlanta based private equity fund investing in lower middle market opportunities, with a focus on profitable and growing businesses led by Founders and strong management teams.