CONSTRUCTION

RedTeam enhances growing suite of construction solutions with Paskr acquisition

RedTeam | March 16, 2022

RedTeam, a leading construction management platform provider for mid-size to enterprise-level firms, announces the acquisition of cloud-based construction management solution Paskr. The acquisition enhances RedTeam's continuing mission to deliver a comprehensive suite of premier technology solutions for commercial construction contractors of all sizes.

"Both RedTeam and Paskr are driven by a commitment to providing solutions based on the real-life experiences of contractors and their teams, Paskr is designed specifically to help small to mid-size companies increase efficiency and productivity, so it's a powerful complement to RedTeam's existing platform. Incorporating Paskr into our growing inventory reflects RedTeam's strategy to offer one of the industry's leading suites of integrated software solutions."

Jim Atkinson, CEO of RedTeam

RedTeam's complete cloud-based solution enables commercial construction teams to collaborate effectively throughout all stages of a project, from business development and pre-construction to closeout. Paskr's construction management solution offers small to mid-size contractors an accessible platform with built-in, repeatable processes to reduce risk,increase oversight, and deliver more predictable project outcomes.

The Paskr agreement follows RedTeam's 2020 acquisition of Fieldlens, a mobile plan markup tool for contractors that provides visibility and communication throughout the entire project chain. The full RedTeam catalog of applications now includes products ranging from field-management software to enterprise-level workflow and management solutions.

RedTeam's trusted investment partners Braemont Capital and JettyCove supported the Paskr acquisition with a recapitalization that bolsters RedTeam's growth strategy and boosts continuing innovation among the company's products.

"RedTeam's investment in Paskr enhances each company's strength and allows us to deliver powerful results and value to our customers," said Pat Whelan, founder and CEO of Paskr. "RedTeam and Paskr share the same mission, to help commercial contractors solve real-life challenges. Combing resources presents an outstanding opportunity for us to elevate productivity and efficiency as we work together to meet the needs of our customers."

RedTeam was recently included in the Inc. 5000 list of fastest growing companies in the United States, with 160% growth over three years. More than a thousand general contractors and several hundred thousand users have managed a collective $25 billion of commercial construction work with RedTeam. For more information, visit https://www.redteam.com.

About RedTeam Software
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.

About Paskr
Paskr is a cloud-based construction management solution built for every member of your construction team to bid, build, and track great projects. Paskr brings efficiency, visibility, and accountability by streamlining back office and field operations. Users are able to access all project related information through any web connected mobile device, tablet, laptop, or desktop.

Spotlight

The construction industry is under a significant paradigm shift. When we look back throughout this industry’s history we notice some great advancements have taken place. As the end of the year approaches and we look ahead to 2019 there’s no reason we shouldn’t expect more of the same to occur. In fact, here are some of the most noteworthy trends experts believe you should expect to see in the construction industry next year.


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ENGINEERING TECH

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CONSTRUCTION

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Piedmont Office Realty Trust | March 28, 2022

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ENGINEERING TECH

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CONSTRUCTION

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SIS | March 29, 2022

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Spotlight

The construction industry is under a significant paradigm shift. When we look back throughout this industry’s history we notice some great advancements have taken place. As the end of the year approaches and we look ahead to 2019 there’s no reason we shouldn’t expect more of the same to occur. In fact, here are some of the most noteworthy trends experts believe you should expect to see in the construction industry next year.

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