This
article comes from the Cincinatti Business Journal
article comes from the Cincinatti Business Journal
May 13, 2016, 11:52am EDT Revised
Date/Time Publish Updated May 13, 2016, 2:37pm EDT
Date/Time Publish Updated May 13, 2016, 2:37pm EDT
Fast-growing iSqFt combined with three other companies to form a new firm
called ConstructConnect.
called ConstructConnect.
Norwood-based iSqFt combined with BidClerk, Construction Data Co. and Construction Market Data
to form ConstructConnect.
to form ConstructConnect.
Dave Conway, who has been president and CEO of iSqFt, is
president and CEO of ConstructConnect. The combined company is headquartered in
its new offices at Rookwood Exchange.
president and CEO of ConstructConnect. The combined company is headquartered in
its new offices at Rookwood Exchange.
Conway said ConstructConnect combines
each of the unique benefits of the four companies.
each of the unique benefits of the four companies.
“The whole is greater than the sum of
the parts,” Conway said. “It made sense to create a new name that’s reflective
of what the combination brings to the market, which is unprecedented.”
the parts,” Conway said. “It made sense to create a new name that’s reflective
of what the combination brings to the market, which is unprecedented.”
ConstructConnect provides construction
professionals, including general contractors, subcontractors, design
professionals and building product manufacturers with pre-construction
solutions including data, content and insights, helping users to find and win
new contracts.
professionals, including general contractors, subcontractors, design
professionals and building product manufacturers with pre-construction
solutions including data, content and insights, helping users to find and win
new contracts.
ConstructConnect now has about 725
total employees, including about 300 at its headquarters in Norwood. The
company still expects to grow quickly. Conway said the firm is currently looking
to fill about 30 jobs.
total employees, including about 300 at its headquarters in Norwood. The
company still expects to grow quickly. Conway said the firm is currently looking
to fill about 30 jobs.
Last year, the Ohio Tax Credit
Authority approved iSqFt for a 65 percent, six-year job creation tax credit.
The estimated value of the tax credit is $580,000.
Authority approved iSqFt for a 65 percent, six-year job creation tax credit.
The estimated value of the tax credit is $580,000.
In addition to ConstructConnect’s
headquarters, the company has nine other locations across the U.S. and Canada.
headquarters, the company has nine other locations across the U.S. and Canada.
Dodge Data & Analytics LLC, a major
provider of construction project information, filed a lawsuit against the firms that combined to form
ConstructConnect, alleging they are attempting to monopolize the nationwide
construction project information market in the U.S. and Canada. At the end of
April, U.S. District Court Judge Timothy Black rejected iSqFt’s request to dismiss the lawsuit.
provider of construction project information, filed a lawsuit against the firms that combined to form
ConstructConnect, alleging they are attempting to monopolize the nationwide
construction project information market in the U.S. and Canada. At the end of
April, U.S. District Court Judge Timothy Black rejected iSqFt’s request to dismiss the lawsuit.
Conway said the firms have been focused
on improving their easy-to-use software and providing even more relevant
project data. It’s ConstructConnect’s combination of data, software and
connections that make it unique, Conway said.
on improving their easy-to-use software and providing even more relevant
project data. It’s ConstructConnect’s combination of data, software and
connections that make it unique, Conway said.
For Conway and what was iSqFt, the
transition to ConstructConnect shows how far the company has come. iSqFt, which
was founded in 1993 by Phil Ogilby as a job-estimating software firm, made its
big breakthrough in April 2001. That’s when its then-new president Conway
helped the company win a fierce competition against 200 other firms to become
the exclusive national partner of Associated General Contractors of America, a
trade group representing 30,000 commercial contractors.
transition to ConstructConnect shows how far the company has come. iSqFt, which
was founded in 1993 by Phil Ogilby as a job-estimating software firm, made its
big breakthrough in April 2001. That’s when its then-new president Conway
helped the company win a fierce competition against 200 other firms to become
the exclusive national partner of Associated General Contractors of America, a
trade group representing 30,000 commercial contractors.
“We were a small tech startup, and
we’ve grown to be the largest company of our kind in North America,” Conway
said. The combination of data, software and connections allows customers to
better evaluate all opportunities and select the project with the highest
probability to win that work using rich data, Conway said.
we’ve grown to be the largest company of our kind in North America,” Conway
said. The combination of data, software and connections allows customers to
better evaluate all opportunities and select the project with the highest
probability to win that work using rich data, Conway said.
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“You can’t construct if you don’t
connect,” Conway said.
connect,” Conway said.
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