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Redteam Software Acquires Paskr Inc., Further Strengthening Its Suite Of Comprehensive Project Management Solutions For Commercial Contractors

Feb 09, 2022•over 3 years ago

Acquiring Company

Red Team Software, LLC

Acquired Company

paskr

OrlandoReal EstateSoftwareMobileInformation TechnologySoftware

Description

RedTeam Software, LLC (“RedTeam”), a leading construction management software provider, today announced the acquisition of paskr, Inc. (“paskr”), a cloud-based construction management solution. This announcement is the latest in a series of strategic moves by RedTeam to consolidate its position as the premier construction platform provider for small and mid-sized commercial construction contractors. Financial terms were not disclosed.

Company Information

Company

Red Team Software, LLC

Location

8623 COMMODITY CIRCLE

Orlando, Florida, United States

About

RedTeam Software offers the most comprehensive cloud-based solution for construction project and accounting management. With intuitive social design interface and real-time updates, RedTeam enables construction and accounting teams to collaborate effectively online at all stages of a project - from business development and pre-construction to closeout. For more information on RedTeam, visit https://www.redteam.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed