Foundation Software, LLC Acquires Construction Safety Software Provider Harness
Summary
“By joining with a large, successful company like Foundation Software, we’re able to expand our reach to better achieve this goal.” Harness will join Foundation’s expanding construction management platform, which currently features accounting, project management, estimating and takeoff software for specialty contractors, and a construction-specific payroll service. With Harness, we’re able to offer our customers another industry-specific tool to help run their business.” Terms of the deal have not been disclosed. Thoma Bravo is one of the largest private equity firms in the world, with more than $103 billion in assets under management as of December 31, 2021. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging the firm’s deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings.
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