News

Explorer Total Construction Management Systems, Corp. Announces Pact to Buy Ferrell Construction Accounting

October, 2005 -- by Jim McFarlane, Explorer Software

VANCOUVER – Explorer Total Construction Management Systems Corp. signed a definitive agreement to buy the construction accounting software assets of privately held Ferrell Companies Inc. Ferrell, based in Lakewood, Colorado, provides software solutions to the construction industry.

Explorer Software President and CEO, Jim McFarlane, describes the acquisition as a “win-win situation” for clients of both Ferrell and Explorer. "Acquisition of the construction accounting solutions from Ferrell Companies allows Explorer to grow its contractor client base, and frees Ferrell to concentrate on developing and marketing technologically advanced document management solutions for the construction vertical," he said.

McFarlane and Ferrell’s CEO, Jerry Ferrell, are both committed to a smooth transition of resources, which is why a number of the core staff from Ferrell will be joining the Explorer team. “These new Explorer clients will receive knowledgeable and friendly service from some of the same support staff they have been working with at Ferrell,” said McFarlane.

Ferrell is the third acquisition of construction accounting software by Explorer Software in the past 14 months. In September 2004, Explorer purchased the assets of Conac Software. In November 2004, Explorer acquired the Versyss construction accounting software.

Explorer is a leader in the industry, developing and marketing user-friendly and technologically advanced software solutions for construction accounting and project management. Over 80% of Explorer’s staff develop, implement and support software solutions for contractors.

Explorer is uniquely positioned to serve the construction accounting market like no other software vendor can. With its combined specialized construction management solutions, Explorer can provide industry-specific software to heavy highway contractors, general contractors, specialty contractors, home builders, sub-trades, designers and engineers.

“Based on our in-depth industry knowledge and over 20 years of industry experience, it is easy to see why construction companies turn to us for their construction accounting needs,” said McFarlane. “Explorer’s construction accounting products provide tools designed specifically to help contractors work effectively as a team and to complete projects on time and on budget.”
 

About Explorer Corporation
Explorer Total Construction Management Systems Corp, a software unit of Explorer Group.

Explorer Group is focused on enterprise software, business services, mobile information and Internet applications for construction companies. Explorer offers a broad range of software solutions for small, mid-sized and large enterprises.

Explorer is a leading provider of construction accounting applications to help contractors create superior companies. Explorer’s construction accounting solutions offer rich functionality, a highly flexible application platform, a full application suite and best-in-class customization abilities – all with a low total cost of ownership. Explorer delivers software and services that are designed to produce meaningful increases in revenues and margins to contractors. More than 1,000 companies on four continents have licensed Explorer solutions.

Explorer's complete construction accounting software suite includes a powerful application platform and additional capabilities in analytics, mobile information, and field data capture. For more information about Explorer, please visit www.explorer-software.com and www.explorercommercialsystems.com and www.explorertotalconstruction.com.

By Jim McFarlane,
Explorer Software
604-925-3522 ext 504
jmcfarlane@explorer-software.com