Eque2 (formerly Sage Construction) provides construction related Enterprise Resource Planning software. The software caters for businesses of all sizes, across construction, house building, and onshore and offshore services, allowing builders, contractors, architects, engineers and planners to accurately manage cost and processes during a construction project.
Building a focused product strategy
- Livingbridge invested to enable the management buyout of Sage Construction from Sage plc. Wes Simons, CEO, said, “As Sage Construction, we have been successfully trading even during these challenging economic times. However, while Sage has a generic focus across industries, Sage Construction specifically targeted the construction and contracting vertical. This MBO represents a fantastic opportunity for us to offer even more focus to the industry, and we are delighted to have completed the transaction.”
- The investment is supporting the business as it further develops its range of construction specific products and in particular their Small Medium Business (‘SMB’) focused software which has seen significant growth since investment. The business is also actively seeking complementary acquisition opportunities to build on the strong presence it has established in the UK.
A chairman with experience of working at two Livingbridge companies joined at completion, and an experienced software sales director has also been appointed.
“With the support of our investors along with the continued support of Sage and Microsoft as strategic partners, the MBO allows us to further invest in developing our portfolio of products and support services, with a continuation in unrivalled service levels to all of our customers.”
Wes Simons, CEO
Livingbridge invest in Eque2 (formerly Sage Construction) enabling the MBO from Sage Plc
Experienced executive chairman introduced
Sales director appointed to senior team