M&A Deal Summary

Design Manager Acquires DesignSpec

On October 30, 2024, Design Manager acquired internet software and services company DesignSpec

Acquisition Highlights
  • This is Design Manager’s 1st transaction in the Internet Software and Services sector.
  • This is Design Manager’s 1st transaction in Canada.
  • This is Design Manager’s 1st transaction in Manitoba.

M&A Deal Summary

Date 2024-10-30
Target DesignSpec
Sector Internet Software and Services
Buyer(s) Design Manager
Deal Type Add-on Acquisition

Target

DesignSpec

Winnipeg, Manitoba, Canada
DesignSpec is a cloud-based platform that simplifies spec writing, budgeting, and procurement for interior design projects. DesignSpec is based in Winnipeg, Manitoba.

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Buyer(S) 1

Buyer

Design Manager

Doylestown, Pennsylvania, United States

Category Company
Founded 1984
Sector Software
DESCRIPTION

Design Manager is a project management and accounting software for interior designers. Design Manager is created to respond to the requests of local interior design firms, it has expanded into a nationwide software company and become one of the first providers of cloud-based design software. Design firms have specific needs that cannot be answered by conventional software and taken as a mission to provide a product that is dedicated to those needs. Design Manager delivers software that saves time, money and frustration while eliminating countless hours of paperwork. Design Manager was founded in 1984 and is based in Doylestown, Pennsylvania.


DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Manitoba) 1 of 1
Country (Canada) 1 of 1
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-30 Lojik

Dallas, Texas, United States

Lojik specializes in providing interior design business software solutions. Lojik was founded in 2003 and is based in Dallas, Texas.

Buy -