News Summary
Tough Commerce, a leader in job management software for the construction industry, has acquired AgileTQ, specializing in automation for concrete supply. This strategic acquisition aims to enhance Tough Commerce’s software offerings and operational efficiency amidst the industry’s shift towards technological solutions. The addition of AgileTQ’s innovative product, PumpTrack, is expected to streamline processes for concrete pumping companies. All AgileTQ team members will join Tough Commerce, strengthening the company’s capabilities and expertise in job management software for construction.
Tough Commerce Acquires AgileTQ to Boost Job Management Software in Construction
Tough Commerce, a company based in Toronto that focuses on job management software for construction businesses, has taken a significant step by acquiring AgileTQ, a rapidly growing software developer known for its automation technology used in concrete supply operations. While the financial details of the acquisition remain undisclosed, industry experts see this as a strategic move that will bolster Tough Commerce’s software offerings and further establish its authority in the construction technology sector.
The acquisition marks a key expansion for Tough Commerce, which aims to enhance its capabilities and deepen its domain expertise within the construction industry. With AgileTQ on board, Tough Commerce is poised to strengthen its industry relationships, thereby solidifying its status as a leader in job management software solutions.
Enhancing Software Capabilities
AgileTQ’s most notable product, PumpTrack, is a game changer for concrete pumping companies operating across North America. It offers features like real-time job insights and seamless workflows from initial quotes to final billing. Additionally, it streamlines lien paperwork, effectively simplifying various operational processes. By incorporating AgileTQ’s technology, Tough Commerce aims to deliver enhanced customer experiences, focusing on making operations more efficient for its clients.
In the wake of this acquisition, all members of the AgileTQ team will transition to Tough Commerce, bringing a wealth of knowledge and experience. This merger not only adds talent to the Tough Commerce team but also infuses fresh perspectives into the company’s ongoing developments in job management solutions.
Leadership and Experience
One of the notable additions to Tough Commerce is Joe Sostaric, a distinguished veteran in the concrete pumping industry with 40 years of experience. His role within the American Concrete Pumping Association highlights his significance in the field, and his involvement with Tough Commerce promises to provide invaluable insights that could steer the company toward future innovations.
Zach Kirkham, the founder of AgileTQ, has expressed enthusiasm about this new partnership. He believes that the collaboration will set a new standard in job management for customers in the construction sector, indicating a shared vision to improve operational efficiencies.
Broadening Client Services
Currently, Tough Commerce supports a diverse clientele engaged in various sectors of construction such as volumetric concrete, concrete pumping, and hydrovac excavation. This varied expertise enhances Tough Commerce’s ability to serve their customers more effectively. The company has also established collaborations with well-known equipment manufacturers, including Holcombe Mixers, Bay-Lynx Manufacturing, and Blend Plants.
In addition to equipment partnerships, Tough Commerce offers a robust suite of integrated platforms for financial and operational needs, teaming up with major players like Stripe, QuickBooks, and Geotab. This comprehensive service offering aligns with Tough Commerce’s overarching mission: to provide a smarter, more connected approach to construction operations with less hassle and greater operational efficiency.
Future Aspirations
Tough Commerce was founded in 2017 and has rapidly evolved since then, successfully raising over $7.8 million CAD in total funding. Its remarkable journey includes participation in Y Combinator’s Winter 2020 cohort, showcasing its potential for growth and innovation within the construction technology segment.
With this acquisition, Tough Commerce not only enhances its software capabilities but also reiterates its commitment to supporting the construction industry by making operations smoother and more effective. As the integration progresses, stakeholders will be watching closely to see how this strategic move impacts the landscape of job management software in the construction sector.
Deeper Dive: News & Info About This Topic
Additional Resources
- PR Newswire
- Wikipedia: Job Management Software
- Concrete Products
- Google Search: Tough Commerce AgileTQ
- FinSMEs
- Google Scholar: Job Management Software Construction
- Canadian Manufacturing
- Encyclopedia Britannica: Automation in Construction
- BetaKit
- Google News: Tough Commerce AgileTQ Acquisition
Author: Construction NY News
NEW YORK STAFF WRITER The NEW YORK STAFF WRITER represents the experienced team at constructionnynews.com, your go-to source for actionable local news and information in New York and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the New York Build Expo, infrastructure breakthroughs, and cutting-edge construction technology showcases. Our coverage extends to key organizations like the Associated General Contractors of New York State and the Building Trades Employers' Association, plus leading businesses in construction and real estate that power the local economy such as Turner Construction Company and CMiC Global. As part of the broader network, including constructioncanews.com, constructiontxnews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
