Construction ERP Ecosystem January 2024

Construction ERP Ecosystem January 2024

January 30, 2024 | By admin

Ascentage Advisors is a leading corporate development and M&A advisory firm working with technology companies serving the built environment.

In the attached report, we are focused on the role that leading construction ERP players and their partner networks can play in the wider transformation of the construction industry. This is especially true given the opportunities offered by SaaS solutions for further back office to field integration, opening up options for real performance improvement via database analytics and artificial intelligence.(AI).

Construction ERP solutions are increasingly of keen interest, as the construct tech market begins to show signs of consolidation.  As recent examples of this trend, we note:

  • Last week’s acquisition of Payapps/GC Pay, a construction payment solution, by Autodesk, a design and construction software platform solution.
  • ToolWatch’s acquisition of busybusy – integrating construction time and attendance and asset management solution.
  • The strategic investment by Evergreen Service Group in Alliance Solutions Group (ASG), a construction/real estate ERP solutions integrator.  ASG was advised by Ascentage.

“We expect continued M&A and investor activity at the intersection of
construction ERP providers, ERP channel partners and construct tech operational solutions.”

– Jeff Herriman, Managing Director at Ascentage Advisors

Get the Construction ERP Ecosysem Update Update here