Eque2, a leading provider of construction-specific ERP, commercial management and estimating software, today announced the acquisition of Chalkstring, a fast-growing innovator in modern, cloud-based estimating and cost management solutions. This strategic acquisition will form the foundation of Eque2’s next-generation estimating platform, strengthening its ability to give contractors greater control over costs, risk and margin from the earliest stages of construction projects.
Chalkstring’s market-leading cloud estimating and cost management technology will become a core part of Eque2’s future estimating offering, enabling contractors to benefit from a modern, scalable and fully cloud-native platform. Over the coming development cycles, Chalkstring’s estimating platform will be rapidly enhanced and scaled to deliver full feature parity with Eque2’s established Evaluate estimating product, while introducing a more flexible, intuitive and future-ready user experience in the cloud. Alongside this, Eque2 will continue to support its established Evaluate solution, ensuring customers benefit from the functionality-rich estimating solution they trust.
This initiative will provide construction businesses with a powerful new estimating environment designed to improve productivity, accuracy, collaboration and commercial control across the entire estimating lifecycle.
Mark Rogerson, Chair of Eque2, commented:
“The acquisition of Chalkstring represents a major strategic milestone for Eque2 and reinforces our commitment to delivering market-leading, modern software solutions to the construction sector. Chalkstring has built an exceptional cloud-native estimating and cost management platform, and by combining their innovation with Eque2’s deep domain expertise and scale, we will deliver the next generation of estimating capability for our customers. Our ambition is clear: to create the industry’s leading cloud-based estimating solution - one that matches the proven capability of Evaluate while providing the flexibility, scalability and innovation demanded by today’s Chalkstring customers and broader construction software users.”
Founded with a vision to modernise construction estimating and cost management, Chalkstring has developed a highly regarded, cloud-first platform designed specifically for today’s estimating and commercial professionals. Its intuitive interface, robust data architecture and scalable cloud foundation provide an ideal platform on which to build Eque2’s future estimating offering.
Sarah Crawford, Managing Director of Chalkstring, said:
“We are delighted to join Eque2 and contribute to its long-term product vision. Eque2’s deep understanding of construction workflows, combined with its scale and investment capability, provides the perfect environment to accelerate Chalkstring’s development and deliver even greater value to customers across the construction sector.”
The new estimating platform will form a central component of Eque2’s broader cloud product strategy, enabling tighter integration with its commercial management, project delivery and financial solutions. Customers will benefit from a seamless, end-to-end digital workflow - from estimating through to project delivery and financial control.
The acquisition reinforces Eque2’s long-term commitment to investing in modern, cloud-based construction software and supporting its customers with innovative solutions that improve efficiency, visibility, and commercial performance.
Existing Chalkstring customers will continue to receive full support, while benefiting from accelerated product development and access to Eque2’s broader capabilities and resources.
About Eque2
Eque2 is a leading provider of specialist software solutions to the construction industry, supporting contractors across estimating, commercial management, project delivery and financial management. Its solutions are used by construction businesses across the UK and internationally to improve operational efficiency, commercial visibility, and project outcomes.
For more information, visit: www.eque2.co.uk
Photograph features: Steve Chambers, Eque2 COO, Sarah Crawford, Chalkstring MD, and Richard Boston, Eque2 CMO.
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