Tough Commerce Acquires AgileTQ to Enhance Construction Software

News Summary

Tough Commerce, a leader in job management software for the construction industry, has acquired AgileTQ, specializing in automation for concrete supply. This strategic acquisition aims to enhance Tough Commerce’s software offerings and operational efficiency amidst the industry’s shift towards technological solutions. The addition of AgileTQ’s innovative product, PumpTrack, is expected to streamline processes for concrete pumping companies. All AgileTQ team members will join Tough Commerce, strengthening the company’s capabilities and expertise in job management software for construction.

Tough Commerce Expands Software Capabilities with Acquisition of AgileTQ

In a significant move for the construction industry, Tough Commerce, a Toronto-based company specializing in job management software, has announced its acquisition of AgileTQ. This latest development aims to enhance Tough Commerce’s software offerings and solidify its status as a leader in job management solutions for asset-based construction businesses.

AgileTQ, which was established in 2022, has quickly become a key player in the industry, providing automation technology specifically focused on concrete supply operations. While the financial terms of the acquisition were not disclosed, this merger is set to significantly strengthen Tough Commerce’s capabilities and expand its network of industry relationships.

Enhancing Job Management Solutions

The acquisition allows Tough Commerce to deepen its domain expertise in construction and expand its suite of software solutions. Tough Commerce has expressed a strong commitment to supporting the construction industry by improving customer experiences through smart, integrated systems.

A notable component of AgileTQ’s offering is PumpTrack, its flagship product designed for concrete pumping companies. PumpTrack delivers real-time job insights, creates seamless quote-to-bill workflows, and automates lien paperwork, ultimately streamlining operations for businesses across North America.

Integration of Teams

All AgileTQ team members will join the Tough Commerce team, contributing their expertise and knowledge to the combined business. One significant addition is Joe Sostaric, a respected industry veteran with over 40 years of experience, who has been recognized as a thought leader in the American Concrete Pumping Association (ACPA). His skills and insights will be instrumental in enhancing Tough Commerce’s offerings.

A Broader Scope of Services

Beyond its focus on concrete pumping, Tough Commerce provides support for various operations such as volumetric concrete, hydrovac excavation, and more, showcasing its comprehensive approach to construction management. The company has established partnerships with leading equipment manufacturers like Holcombe Mixers, Bay-Lynx Manufacturing, and Blend Plants, further enhancing its capabilities.

Financial and Operational Integration

Tough Commerce also boasts a comprehensive suite of integrated partners for financial and operational platforms, including tools such as Stripe, QuickBooks, and Geotab. This expanded network of collaboration supports its mission to provide a smarter, more connected way for construction businesses to operate with less hassle and greater efficiency.

Future Growth and Innovation

Founded in 2017, Tough Commerce has seen rapid evolution in its scope and ambitions, raising over $7.8 million CAD in total funding. This includes participation in Y Combinator’s Winter 2020 cohort, which helped propel its growth. The acquisition of AgileTQ aligns seamlessly with Tough Commerce’s goal of empowering businesses to utilize a fully integrated quote-to-cash solution that streamlines operations while providing valuable financial visibility.

With the integration of AgileTQ, Tough Commerce aims to establish a new standard in job management for its customers while reinforcing its leadership position within the construction industry. As the merger unfolds, the landscape of job management software for construction businesses is set to change for the better, offering enhanced support, efficiency, and streamlined processes.

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Additional Resources

• PR Newswire
• Wikipedia: Job Management Software
• Concrete Products
• Google Search: Tough Commerce AgileTQ
• FinSMEs
• Google Scholar: Job Management Software Construction
• Canadian Manufacturing
• Encyclopedia Britannica: Automation in Construction
• BetaKit
• Google News: Tough Commerce AgileTQ Acquisition