Tough Commerce Acquires AgileTQ to Enhance Construction Software

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 Enhance Job Management Software for Construction Sector

Tough Commerce, a Toronto-based leader in job management software tailored for asset-driven construction businesses, has successfully acquired AgileTQ, a promising software provider that specializes in automation technology specifically for the concrete supply sector. This strategic acquisition comes at a time when the construction industry is increasingly leaning towards technological solutions to improve operational efficiency and customer service.

The financial details surrounding the acquisition remain undisclosed; however, it is anticipated that this move will significantly bolster Tough Commerce’s software offerings and deepen its expertise in the construction domain. With the addition of AgileTQ’s advanced capabilities, Tough Commerce aims to solidify its standing as a leader in the job management software market.

Enhancing Operations with Innovative Technology

AgileTQ’s flagship product, PumpTrack, is designed to offer real-time job insights, ensuring that concrete pumping companies benefit from streamlined processes from quoting to billing. The system also automates lien paperwork, a critical function that can often cause delays and complications in construction projects. The integration of AgileTQ’s innovative technologies into Tough Commerce’s existing software lineup is expected to set a new standard for operational efficiency among its users.

All AgileTQ team members will join the Tough Commerce workforce, contributing their specialized knowledge and resources to enhance the collective capability of the company. Notably, Joe Sostaric, a veteran in the construction industry and recognized thought leader within the American Concrete Pumping Association (ACPA), will also be part of this integration, bringing invaluable insights to the team.

Supporting Diverse Operations

Tough Commerce currently serves a wide spectrum of operations, which includes volumetric concrete, concrete pumping, hydrovac excavation, among others. The company has established robust relationships with leading equipment manufacturers like Holcombe Mixers, Bay-Lynx Manufacturing, and Blend Plants. This collaboration enables them to provide comprehensive solutions tailored to various sectors within the construction industry.

The company further extends its reach by offering a fully integrated suite of partners. Collaborations with financial and operational platforms such as Stripe, QuickBooks, and Geotab enhance Tough Commerce’s software capabilities, making it a one-stop-shop for all job management needs in the construction vertical.

Aligning with Industry Needs

The acquisition of AgileTQ is a key part of Tough Commerce’s mission to provide a smarter and more connected way for construction businesses to operate, ultimately reducing hassle while increasing overall efficiency. By integrating technologies that streamline operations and enhance financial visibility, Tough Commerce is responding to the industry’s ongoing demand for operational optimization.

Since its inception in 2017, Tough Commerce has come a long way, raising over $7.8 million CAD in total funding, including participation in Y Combinator’s Winter 2020 cohort. The company’s strategic developments underscore its commitment to innovation in the construction tech space and its dedication to supporting the industry’s evolution.

A Future-Ready Solution for Construction

Tough Commerce’s acquisition of AgileTQ not only reflects a significant growth leap for the Toronto-based company but also highlights the ongoing evolution of the construction industry towards smarter technologies. With tools like PumpTrack and the wealth of industry experience brought on board, Tough Commerce is set to reshape the future of job management for construction companies throughout North America.

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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