ToolWatch Adds Workforce Management Capabilities with Busybusy Acquisition
Summary
The move will enable customers to drive lean initiatives by obtaining an accurate, timely snapshot of critical cost drivers like labor, equipment, tools, and consumables. “busybusy’s record of innovation in time tracking for field-based workers is an ideal complement to the ToolWatch suite of construction operations solutions. Considered a job site essential for its reliability and ease of use, busybusy’s user-friendly app is simple to implement in the field and integrates with leading accounting, estimating, payroll, and project management software including Procore, Quickbooks, and Sage. As part of the transition, busybusy employees will join the ToolWatch organization, with Jay Martin serving as CEO of the combined entity. The Riverside Company, a global growth-oriented private equity firm, is the majority investor in ToolWatch and provided additional capital to fund this strategic combination.
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