M&A Deal Summary

Foundation Software Acquires Vendrix

On June 11, 2025, Foundation Software acquired software company Vendrix

Acquisition Highlights
  • This is Foundation Software’s 2nd transaction in the Software sector.
  • This is Foundation Software’s 2nd transaction in the United States.
  • This is Foundation Software’s 1st transaction in Alabama.

M&A Deal Summary

Date 2025-06-11
Target Vendrix
Sector Software
Buyer(s) Foundation Software
Deal Type Add-on Acquisition
Advisor(s) Reed Smith (Legal)

Target

Vendrix

Birmingham, Alabama, United States
Vendrix is a construction financial management platform that offers corporate cards, expense management, accounts payable (AP) automation, and bill pay solutions. Vendrix is based in Birmingham, Alabama.

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Buyer(S) 1

Buyer

Foundation Software

Strongsville, Ohio, United States

Category Company
Founded 1985
Sector Software
DESCRIPTION

Foundation Software is a provider of construction accounting software and payroll services for small- to mid-sized specialty contractors. The Company also offers payroll processing and construction reporting services to the construction industry. Foundation Software was founded in 1985 and is based in Strongsville, Ohio.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Alabama M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Estimating Edge

Boynton Beach, Florida, United States

Estimating Edge is a developer of The EDGE commercial construction estimating, project management tracking, and takeoff software for acoustical, drywall, EIFS, fireproofing, flooring, painting, roofing, wall paneling, and waterproofing contractors. Estimating Edge was founded in 1986 and is based in Boynton Beach, Florida.

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