Prop tech firm expands with acquisition, following majority stake investment round
Blackburn-based Prop Tech company Glider Technology, an innovator in information management solutions for the built environment, has acquired EDocuments, a Chelmsford-based provider of O&M documentation, for an undisclosed sum.
This strategic move will enable the combined companies to offer expert support throughout the entire asset lifecycle, from design and construction to operation.
As the construction industry evolves to meet new regulatory and sustainability demands, there is an increasing reliance on digital technologies for handover information and better asset information management.
This acquisition provides the construction sector with a more structured approach to managing the growing amount of information generated during projects.
The Glider software platform, gliderbim, provides a system of record for the collection, validation and management of building information.
Owners and managers of complex buildings or large, federated estates need this system of record to ensure compliance with regulations, efficient maintenance, and optimal building performance, ultimately protecting their investment.
The EDocuments platform addresses collaboration challenges across the contractor supply chain throughout the construction process and has more than 52,000 users. As well as collecting structured data, it offers robust dashboard tracking and search capabilities and facilitates collaboration with stakeholders to monitor progress effectively.
Together, the companies will combine their experience and software to simplify the digital handover process for contractors and their supply chain by creating accurate and structured digital handover information on mid-sized and complex construction projects so it can be used in operation.
Nick Hutchinson, Glider’s CEO and co-founder, said: “Glider’s mission is to be the trusted system of record for built assets, and this acquisition is the first of many for us. Acquiring EDocuments significantly enhances our capabilities, enabling us to accelerate growth in the UK and internationally.”
Following the acquisition, the founding members of EDocuments, Lester Morgan and Jamie Dupée, will remain active in the business.
Nick added: “I’m excited to work with Lester, Chris and Jamie to set new benchmarks in the industry and deliver unparalleled value to our clients.”
Lester Morgan, EDocument’s CEO and co-founder, said: “Joining forces with Glider allows EDocuments to enhance the delivery of handover information for all project sizes.
“We’re excited to support Glider’s plans and we share their ambition. Together, we both have incredible products, people and customers – it was easy to see how we could be an integral part of Glider’s future.”
In March this year private equity firm, Cow Corner Investments, took a majority shareholding in Glider Technology, for an undisclosed sum.
The Brighton-based PE firm said it strengthens its foothold in the technology sector.
Last April Glider received a seven-figure loan to support its growth from NPIF-Mercia Debt Finance, managed by Mercia and part of the Northern Powerhouse Investment Fund, and Mercia’s SME Loans Fund.
