PRESS RELEASE. August 25th, 2017
LONDON, UK, August 25. eRDS SOLUTIONS & SERVICES LTD ANNOUNCES MANAGEMENT BUYOUT. Four years after commercially launching the Electronic Room Data Sheets product suite, the team behind it has concluded a management buyout of the ownership interest of the company eRDS Solutions & Services Ltd (eRDS) and its intellectual property. The deal, announced today, is in conjunction with a private equity partner. Together they are looking to invest in and accelerate business growth in the nascent Building Information Modelling (BIM) software market.
Since the company’s founding in 2013, eRDS has provided software and consulting services to the construction industry and developed its proprietary cloud software for creating and managing room data. eRDS, a pioneer in room data definition and project collaboration solutions, provides cloud based software for construction, asset and facility management to customers in the architecture, engineering and construction (AEC) sectors.
According to original founder Derek Ednie, “We are excited by this new chapter in the eRDS journey. Our success has been built on a foundation of a talented management team with deep construction expertise, seasoned consultants, and the strength of our client relationships. Our goal is to leverage this foundation and continue to grow eRDS, and partner with clients as they transition from traditional room data methods to new BIM technology.
Co-founder and director Steve Foot commented “as asset and facilities management solutions converge with BIM, reliable and robust room data is becoming increasingly important on medium sized and large-scale projects. We have made considerable strides forward in recent months in integrating eRDS with Revit BIM models, and this restructuring and funding allows us to continue our rapid product development”
The demand for BIM software is expected to increase significantly in coming years due to the cost savings it can deliver to construction firms and building owners. The announcement today will allow for an accelerated development roadmap to bring this exciting technology to even more customers. For more information about eRDS Ltd, please visit the website at www.erds.co.uk