ISqFt explained

iSqFt, Inc.
Former Name:Construction Software Technologies
Type:Private
Industry:Commercial construction
Founded: in Cincinnati, United States
Hq Location City:Cincinnati
Hq Location Country:United States
Key People:Dave Conway (CEO)
Services:Software as a Service

iSqFt is a Software as a service (SaaS) company that serves general contractors, subcontractors, manufacturers, and suppliers in the North American commercial construction industry.

The company, founded as Construction Software Technologies in 1993,[1] is headquartered in Greater Cincinnati. Dave Conway is the president and CEO.[2]

Products

iSqFt’s software products are used primarily during the design, pre-construction, and procurement stages of construction, and are designed to help users identify project leads and product sales opportunities, network with other construction professionals, manage the bid solicitation process, and view and share digital drawings and specifications.[3] [4] [5]

Mergers and acquisitions

From 2004 through 2009, iSqFt acquired a number of smaller or regional competitors, including:

In 2006, iSqFt merged with Denver-based competitor Northstar Exchange Corp. (also known as Construction Information Network or Construction News Service).[10]

In 2016, iSqFt became a part of ConstructConnect as a result of a merger with BidClerk, Construction Data and Construction Market Data.[11] [12] [13]

Awards and recognition

In 2004, iSqFt was named one of Inc. magazine's 500 fastest-growing private companies in the country, ranking 50th on the list and first overall in the construction industry.[14] The company appeared on the list again in 2005, after posting a three-year growth of 763%.[15]

In 2009 and 2011, iSqFt was included on the Cincinnati Business Courier’s list of the fastest-growing companies in Greater Cincinnati.[16]

In July 2015, iSqFt was named to the Constructech 50, a list of “the most influential construction technology providers with a strong and ongoing market presence.”[17] Previously, iSqFt’s software application for subcontractors won a 2011 Constructech Magazine Top Products award.[18]

Notes and References

  1. Web site: Our History - iSqFt. iSqFt.
  2. Web site: Key Executives - iSqFt. iSqFt.
  3. Web site: iSqFt, construction data firm CMD merge. 5 August 2015. Cincinnati.com.
  4. Web site: iSqFt moving its headquarters to Rookwood Exchange - Cincinnati Business Courier. 8 September 2015. Cincinnati Business Courier.
  5. Web site: Cincinnati's STACK Construction Technology continues fast growth. 20 July 2015. Upstart Business Journal.
  6. Web site: Investor William Hsu On What Entrepreneurs Get Wrong In Their Pitches. Forbes Trep Talks. Forbes.
  7. Web site: Chrysalis Ventures eNewsletter. chrysalisventures.com.
  8. Web site: CST builds blueprint for dominance. Cincinnati Business Courier.
  9. Web site: iSqFt/Construction Software Technologies Acquires Bid News and Plan Express. Chrysalis Ventures.
  10. Web site: Construction info firm merges with competitor. Cincinnati Business Courier.
  11. Web site: iSqFt combines with 3 firms to form ConstructConnect - Cincinnati Business Courier. Cincinnati Business Courier. 2016-06-20.
  12. News: Warburg's CMD to Merge With Genstar-Backed iSqFt. 2015-08-04. Wall Street Journal. 0099-9660. 2016-06-20.
  13. Web site: iSqFt merges with construction data firm - Cincinnati Business Courier. Cincinnati Business Courier. 2016-06-20.
  14. Web site: iSqFt® Named To Inc. 500. Chrysalis Ventures.
  15. Web site: iSqFt Repeats Inc. 500 Selection. Chrysalis Ventures.
  16. Web site: iSqFt looking to move its headquarters, expand rapidly. 29 June 2015. Cincinnati Business Courier.
  17. Web site: Constructech - Constructech Announces the 2015 Constructech 50. Constructech.
  18. Web site: iSqFt/Construction Software. 10 June 2011. Cincinnati Business Courier.