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, 2014, with Peter Kacer and Jim Tapp from KT Capital assuming leadership of the new company’s board of directors.
The company will operate as The Estimating Edge and will feature new branding, a new website 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.
Coincident with today’s announcement, the company is releasing the latest version of its flagship product, The Edge 10.7.6, to its customers. Current customers will be contacted by the company to schedule their upgrade.
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