Foundation Software, founded in 1985 and headquartered in Strongsville, Ohio, specializes in providing comprehensive job cost accounting, project management, and payroll solutions tailored for the construction industry. Their flagship product, FOUNDATION®, is an integrated construction accounting system built on Microsoft® SQL Server®, designed to meet the diverse needs of various construction trades. The software includes core modules such as Job Costing, Payroll, General Ledger, and Accounts Payable/Receivable, with optional add-ons like Project Management, Scheduling, and Inventory. Foundation Software also offers mobile applications and cloud-based services through FOUNDATION SaaS®. Known for its robust reporting capabilities and user-friendly interface, the company serves over 25,000 construction professionals and CPAs, emphasizing exceptional customer support and continuous product innovation to stay aligned with industry trends and client needs.
Foundation Software was founded in 1985 by Fred Ode, a former high school math teacher turned computer programmer and entrepreneur. Initially, Ode developed the Foundation Accounting System for the Wang minicomputer, which later evolved into a DOS-based system and eventually a Windows® version released in 2000. The company has grown significantly over the years, maintaining a focus on construction accounting software and expanding its product offerings.
Foundation Software has been primarily bootstrapped, with no external funding reported until its acquisition by Thoma Bravo, a private equity firm, in August 2020. This acquisition was aimed at accelerating the company's growth and expanding its product suite. As of 2020, Foundation Software reported a revenue run rate of $18.8 million.
Foundation Software offers a comprehensive suite of products tailored for the construction industry, including:
Foundation Software has engaged in several strategic acquisitions to enhance its product offerings:
Foundation Software continuously updates its products to incorporate the latest technology trends. Recent acquisitions have allowed the company to introduce new features such as advanced estimating and digital takeoff capabilities, further solidifying its position as a comprehensive provider of construction software solutions.
Foundation Software prides itself on a company culture that promotes creativity, continuous improvement, and long-term relationships with clients. The company is dedicated to providing excellent customer support and maintaining a steady growth plan. This culture is reflected in its commitment to offering ongoing training, webinars, and educational resources for its clients.
Foundation Software serves a large and growing user base, with over 12,000 customers as of recent reports. The company is highly regarded in the construction industry for its specialized software solutions and has been recognized with multiple awards for its innovative products and corporate growth.
Foundation
By Foundation Software
