Foundation Software Acquires Construction Fintech Firm Vendrix
Slice of Construction Team
06/16/2025
Key highlights
- Foundation Software acquires construction-focused fintech firm Vendrix
- Expanded suite now includes corporate cards, expense management, AP automation, and bill pay
- Enhanced digital tools now cover nearly every stage of the construction project lifecycle
Notable Quotes
“ We're constantly looking for technology to make our clients' lives easier - whether through in-house software development or acquisitions - so when we started conversations with Vendrix and saw how well their business values and software operations fit into our platform, it just made sense. It has been our goal to build a comprehensive digital solution to cover the full lifecycle of a construction project and this acquisition helps us achieve just that. ”
Mike Ode, CEO at Foundation Software
“ We founded Vendrix with the vision of transforming back-office financial workflows for construction teams. Joining forces with Foundation Software is a natural next step. Their deep roots in construction, strong client relationships and comprehensive suite of tools make them an ideal partner to help advance our vision. ”
David Stewart and Joe Turner, Co-founders at Vendrix
Why This Matters
The acquisition of Vendrix marks a strategic expansion for Foundation Software, solidifying its position as a comprehensive digital partner for construction firms. By integrating Vendrix’s advanced financial management capabilities—including corporate cards, expense management, AP automation, and bill pay—Foundation Software now offers tools that span the entire construction project lifecycle.
This move reflects the industry's growing demand for seamless financial workflows and underscores Foundation Software's commitment to providing solutions that simplify complex construction processes. The partnership is poised to enhance operational efficiency and boost profitability for commercial contractors across the U.S.
