A Greater Cincinnati information technology supplier is growing with the acquisition of a supplementary of an international construction services company.
Ascendum Solutions has acquired the technology and business possessions of FMS, a subsidiary of Turner Construction Co. The gaining will include FMS’ construction management and capability management software on Microsoft’s SharePoint platform, which will make bigger Ascendum’s portfolio.
“Built from significant investment over years, these products are 'best in class' for both the management of construction projects as well as providing a living and breathing operations and maintenance solution that's easily integrated with other complimentary products. We are looking forward to incorporating our intellectual property to improve these products right away as well as working with Turner and other customers to meet more and more of the demands in the construction market.” Rich Kurz, Ascendum general manager, said in a statement.
Ascendum plans to make the FMS products accessible in its CenterGrid private cloud infrastructure for facility management companies to utilize across the globe. Financial terms of the deal weren’t divulged. Cincinnati-based Ascendum is part of the Vora Group that brings strategic business solutions to Fortune and Global class clients through its products and consulting services.
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