Canadian company Valsoft announced its latest acquisition, Buildsoft, in early December 2024. Valsoft specializes in developing and acquiring vertical market software companies. The addition of Buildsoft, which specializes in estimating, takeoff, and tender management solutions for the construction industry, will further strengthen its team.
Buildsoft has been serving Australian and international markets for over 40 years. They streamline the preconstruction process by providing accurate and streamlined task management, helping construction industries achieve profitability and success more quickly.
This latest announcement marks Valsoft’s fourth global construction software industry acquisition but its first foray into takeoff, estimation, and tender management software. Buildsoft’s management team will continue to serve on board and maintain the business’s reputation among current and new clients as the companies continue to scale together.
“Buildsoft has built a strong reputation in the construction software industry over its four decades of operation. The resilience of the team and its commitment to providing best-in-class products and customer support make Buildsoft an ideal partner for Valsoft’s anticipated expansion in the estimating and takeoff industry,” states Joseph Khoubbieh, the Chief Investment Officer at Valsoft. “We look forward to working on the next phase of growth with James Cunningham, who will remain as the Managing Director of Buildsoft, alongside the current Buildsoft team.”
Buildsoft, founded in 1985, offers impactful solutions to foster the effective management of preconstruction tasks. Its main products are Cubit Select and Cubit Estimating, which focus on tender management solutions. Valsoft, on the Other hand, focuses on acquiring and developing software businesses that deliver mission-critical solutions. Unlike private equity firms, Valsoft does not have a pre-defined investment horizon. Instead, it aims to hold, buy, and create value through long-term partnerships with existing management and clientele.
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