InEight to Acquire TeamBinder Document Management and Collaboration Solution

InEight, a leading developer of construction project management software, announced that it will acquire QA Software. This includes QA Software’s TeamBinder document management and collaboration solution for the engineering and construction industry. The acquisition combines InEight’s project management solutions with QA Software’s comprehensive document management tools, creating solutions for key project stakeholders including contractors, owners and engineers.

The addition of TeamBinder complements InEight’s existing portfolio of solutions, which span projects from design to estimate and from field execution to turnover.

“Document management is a rapidly growing market opportunity around the world,” said Dan Hicks, chief operating officer at InEight. “The TeamBinder team built a best-in-class solution that specifically meets these market needs. By integrating those capabilities with InEight’s unrivaled ability to provide customers with project efficiencies and visibility to project controls, field operations and collaborative BIM, we will provide a solution unlike anything else in the market.”

The acquisition provides significant opportunity for global expansion for InEight, especially in Asia Pacific. InEight will enhance its global operations and commitment to providing optimal customer support, with the addition of offices in Melbourne, Australia; and Colombo, Sri Lanka. Additionally, InEight’s already strong international network will offer a clear path for growth for the TeamBinder solution, especially in North America.

“Both of our teams and products are rooted in decades of engineering and construction project experience, creating a deep understanding of customer needs ,” said Russell Mortimer, chief executive officer at QA Software. "I know that by delivering our products as a complete project life-cycle solution, InEight is paving the way for new possibilities for software solutions in construction and will accelerate the innovation of document management solutions.”

The acquisition is expected to close next month. The QDMS, QVDMS, QTIME, QTRAK and QMS product lines will not be included as part of the deal, and Russell Mortimer will continue ownership of these products through QDMS Solutions.