MSUITE, a Cedar Rapids-primarily based design tech startup, declared this week that it has been obtained by Stanley Black & Decker.
Started in 2015, MSUITE was established to make tracking, running, and sharing development info a lot easier and a lot more correct. The organization has developed a cloud-centered suite of management software resources that connects development teams, allowing them to obtain actual-time standing updates, and useful tracking and estimating information and facts.
Stanley Black & Decker is the world’s biggest software firm running practically 50 services across The united states and much more than 100 throughout the world.
“The acquisition displays the growing strategic great importance of MSUITE’s software package answers in the building engineering area,” wrote MSUITE in a release asserting the acquisition. “Together, Stanley Black & Decker and MSUITE’s escalating crew and purchaser base of 200+ organizations across North The us will now have expanded capabilities, broadened talent depth and technological innovation to reinvent the sector.”
Stanley Black & Decker and MSUITE have worked collectively closely because 2020 when MSUITE lifted a $4 million seed round from Future Amount Ventures and Stanley Ventures, Stanley Black & Decker‘s corporate undertaking arm.
Britton Langdon, the Founder & Main Government Officer of the business, will go on to guide the MSUITE workforce as Vice President of Design Engineering for Stanley Black & Decker
Phrases of the acquisition were not disclosed.
Design tech startup MSUITE completes $4 million seed funding round