News Column

KT Capital Announces Purchase of Advanced Estimating Systems; Renames the Company, "The Estimating Edge"; Hires New President

July 3, 2014



By a News Reporter-Staff News Editor at Computer Weekly News -- Advanced Estimating Systems, a leader in computer-assisted estimating for the construction industry announced that it was purchased by KT Capital, a leading Private Equity firm based in Atlanta. The purchase was concluded on January 31(st), 2014 with Peter Kacer and Jim Tapp from KT Capital assuming leadership of the new company's Board of Directors.

"The EDGE is the leading construction estimating software package for several trades - including roofing, drywall and fireproofing, having been in the business for over 25 years. We intend to further develop these products going forward, and to continue the successes realized by the former owners," said Peter Kacer, a managing director with KT Capital.

The company will operate as The Estimating Edge and will feature new branding, a new website launching today (www.edgeestimating.com), and a renewed focus on driving product innovation. Leading this change is the company's new president, Brian Fugere. Most recently the chief operating officer at RemitDATA, Inc., Fugere is a software industry veteran with deep roots in marketing, product management, and sales. "I'm excited about the opportunity at The Estimating Edge," said Fugere, "The legacy commitment to supporting our customers is something we'll continue to preserve while driving new features and functionality into our software. Ultimately, our job is to make our customer's jobs easier and that's our singular focus".

Coincident with the announcement, the company is releasing the latest version of its flagship product, The EDGE 10.7.6, to its customers. According to Fugere, "This version of The EDGE represents a significant step forward in providing our customers with a more efficient and complete estimating package. Future versions will be even more impressive." Current customers will be contacted by the company to schedule their upgrade.

"We are happy to have Brian Fugere join our team at The Edge, and believe that the future opportunities for The EDGE and our construction estimating products are significant," said Jim Tapp, a managing director with KT Capital.

Keywords for this news article include: Software, The Estimating Edge.

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Source: Computer Weekly News