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Company Details

Company Name
Foundation Software
Location
Strongsville, Ohio

The AI Software Report Awards

Profile

Fred Ode founded Foundation Software in 1985 with the goal to build a company that would become a trusted household name in construction accounting. Now under the leadership of CEO Mike Ode, Foundation Software’s product line has grown over the past 40 years to include everything from job cost accounting, mobile time tracking, HR management, and payroll services to estimating and takeoff, safety management, and project management. After decades of investment and innovation, Foundation Software has helped more than 43,000 construction professionals across the United States manage their construction jobs from start to finish. Foundation Software offers expert, accessible customer support and an ever-growing integrated list of products to keep contractors’ businesses competitive and profitable. Visit https://www.foundationsoft.com/  

Key Products

FOUNDATION®: is construction accounting software that enables contractors to manage job costing, payroll processing, invoicing, vendor payments, and financial reporting in a single system. FOUNDATION is designed to streamline construction operations and improve profitability.

Payroll4Construction: is one of the few construction payroll providers that offers industry-tailored benefits and comprehensive payroll processing services, like certified payroll reporting, union reporting and tracking, automated prevailing wage rates and fringe deductions, and more.

The WorkMax: contractor workforce management platform collects information straight from the field to easily manage and monitor crews, insights, and team productivity. WorkMax’s centerpiece time tracking software automatically records field labor hours with GPS and facial recognition—eliminating paper timesheets and missed hours.

Key Executives

  • Mike Ode, Chief Executive Officer
  • Mike Rich, Chief Financial Officer
  • Linh Le, Chief Technology Officer
  • Steve Antill, Chief Revenue Officer

Investors

Starting in 2020, Foundation Software was acquired by Thoma Bravo. Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $45 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives, and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business.

Competitors

Top competitors in the construction accounting space include Sage, Acumatica, ComputerEase, and Viewpoint.

Corporate Responsibility

For decades, Foundation Software has been committed to providing construction companies with the tools they need to operate efficiently and profitably. The company’s devotion to being a partner in their client’s success motivates them to develop new products, enhance current software, and build interconnecting integrations. Foundation Software is constantly investing in their software and their people to ensure they never lose pace with technology or standards.