TAG, a San Diego-based outsourced accounting consultancy, announced Friday that it has acquired Contractor Software Corp., a leader in job cost accounting software for the construction industry.
Specific terms were not disclosed. According to Plumb, this deal marks the first in a series of planned acquisitions of software and accounting services companies in the region.
Contractor Software Corporation (CSC) also is based in San Diego. All of the company’s employees will join Plumb.
“Plumb has a 14-year history of servicing and supporting the building industry,” Robert Scherer, president and founder of Plumb said. “This acquisition represents a logical step forward for our business to enhance our talent pool and provide greater service options for our clients across all of our industry practice areas.”
The CSC acquisition includes an existing customer base of 90 San Diego-based companies in the building industry who use CSC consulting and support services coupled with its software, Contractor V Plus, which is a fully integrated job cost accounting software catered to the construction industry.
Scherer said the acquisition will expand Plumb’s building industry practice. Plumb also specializes in professional services, high-tech/bio-tech, financial services and manufacturing/distribution.
Along with the acquisition, Plumb acquired the copyright and trademarks for Contractor V Plus Software. CSC’s flagship product Contractor III (DOS), released in the late 1970’s, was the first ever job costing accounting software program catered specifically to the construction industry.
Plumb currently has 35 employees and has offices in San Diego and La Jolla. The company, which was originally founded in 1996 as two separate companies: The Accounting Group and Next Stage Software, officially launched its brand on June 3. It plans on adding offices in Orange County and Riverside in the next year.
Contractor Software Corp. has been in San Diego for over 30 years.