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 Expands Software Capabilities with Acquisition of AgileTQ

Tough Commerce, a Toronto-based leader in job management software for asset-focused construction businesses, has announced its acquisition of AgileTQ, a rapidly growing software company known for its innovative automation technology in the concrete supply sector. This strategic move, the financial details of which remain undisclosed, aims to boost Tough Commerce’s software capabilities and enhance efficiency in construction operations.

The acquisition signifies Tough Commerce’s commitment to remaining at the forefront of the construction technology sector, strengthening its position as a category leader. By integrating AgileTQ’s industry expertise and technological advancements, Tough Commerce plans to offer even more robust solutions to its diverse clientele.

AgileTQ’s Technology Meets Construction Needs

AgileTQ’s flagship product, PumpTrack, is designed to provide real-time job insights, streamline quote-to-bill workflows, and automate lien paperwork specifically for concrete pumping companies across North America. This software aligns well with Tough Commerce’s existing portfolio, which already supports a range of construction operations, including volumetric concrete, hydrovac excavation, and more.

The acquisition will allow Tough Commerce to integrate AgileTQ’s advanced offerings into its suite of services, thereby enhancing the overall customer experience. With the addition of AgileTQ’s technology, Tough Commerce can offer a more comprehensive and connected solution to its construction industry customers.

Integration of Teams and Leadership

As part of the acquisition, all AgileTQ team members will join the Tough Commerce team, ensuring a smooth transition and continuity in service. Notably, Joe Sostaric, a respected veteran of the construction industry with four decades of experience, will bring valuable insights and leadership to the new team. His association with the American Concrete Pumping Association positions him uniquely to steer the combined entity toward greater innovation and industry leadership.

A Broader Spectrum of Solutions

Tough Commerce’s expertise is not limited to software alone. The company collaborates with major equipment manufacturers such as Holcombe Mixers, Bay-Lynx Manufacturing, and Blend Plants, which enhances its offerings to clients significantly. Additionally, Tough Commerce’s comprehensive suite of integrated partners includes essential financial and operational platforms like Stripe, QuickBooks, and Geotab. This extensive partner network allows construction businesses to operate with a greater degree of efficiency and ease.

Enhancing Operational Efficiency

The acquisition aligns seamlessly with Tough Commerce’s mission to provide a smarter, more connected way for construction businesses to operate. By offering a fully integrated quote-to-cash solution, Tough Commerce enables businesses to streamline their operations while gaining essential financial visibility. This is crucial in an industry often marked by inefficiency and complexities.

Founded in 2017, Tough Commerce has experienced rapid growth, raising over $7.8 million CAD in funding, including participation in Y Combinator’s Winter 2020 cohort. The acquisition of AgileTQ is expected to further accelerate this growth trajectory by expanding its capabilities and enhancing customer service.

The Future of Job Management Software

With the integration of AgileTQ, Tough Commerce is poised to set a new standard in job management for construction businesses. Both companies share a dedication to supporting the construction industry, and this acquisition reflects their mutual commitment to innovation and operational excellence.

As Tough Commerce continues to evolve and expand its offerings, customers can look forward to a more streamlined and effective approach to job management in the construction sector. This acquisition is more than just a business deal; it represents a significant step forward in transforming the way the construction industry operates.

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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