Thoma Bravo, a leading private equity investment firm, today announced its acquisition of Foundation Software, a leading provider of construction accounting software and payroll services. Founder & CEO Fred Ode will maintain minority ownership in the company. The terms of the transaction were not disclosed.
Thoma Bravo’s strategic investment will allow Foundation Software to optimize its service offerings, further grow its customer base, and continue its growth trajectory.
A statement made by Fred Ode confirms this growth strategy. He said, “We built Foundation Software into a dominant force in the construction accounting software industry through a dedication to continuous improvement and a commitment to excellence for our customers.”
He continued, “We remain lase…