ToolWatch, a Denver-based provider of construction operations software, has acquired busybusy, developer of time-tracking software for construction and other remote industries. Busybusy is based in St. George.
“The move solidifies ToolWatch as the construction industry’s most comprehensive operations platform and will enable customers to drive lean initiatives by obtaining an accurate, timely snapshot of critical cost drivers like labor, equipment, tools and consumables,” ToolWatch said in announcing the buyout.
“At ToolWatch, our mission is to create powerful tools that help contractors better understand and navigate an increasingly complex business landscape,” said Jay Martin, ToolWatch CEO. “Busybusy’s record of innovation in time tracking for field-based workers is an ideal complement to the ToolWatch suite of construction operations solutions.”
Founded in 2010, busybusy’s GPS time tracking and jobsite monitoring software has tracked nearly 58 million timecard hours at thousands of companies in more than 30 countries. Busybusy serves customers in industries that include general contractors, excavation, concrete, electrical, masonry, roofing, welding, remodeling, landscaping, mining, janitorial services, property management, fire protection services, telecom and others. The company’s technology empowers field employees across this landscape to track labor, materials, and heavy equipment from a mobile app that gives management real-time insights into field crew productivity. It integrates with accounting, estimating, payroll and project management software, including Procore, Quickbooks and Sage.
Financial details of the transaction were not released.