Busybusy, Inc.

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Busybusy, Inc. - overview

Established

2010

Location

St. George, UT, US

Primary Industry

Software

About

Busybusy, Inc. is a US-based company that provides a mobile time tracking application tailored for the construction and remote industries, enhancing time management for field employees and supervisors. Busybusy, Inc. was founded in 2010 and operates out of St.


George, US. The company specializes in mobile time tracking solutions that streamline operations for construction and related sectors. Isaac Barlow serves as the CEO. In December 2023, Busybusy was acquired by ToolWatch Corporation, a portfolio company of The Riverside Company, though the financial terms remain undisclosed.


The acquisition aims to broaden product offerings and improve labor cost management and equipment tracking. Busybusy is a mobile time tracking application designed specifically for construction and remote industries, primarily focusing on improving time management for field employees and supervisors. Its core offerings include GPS-enabled time tracking, allowing employees to clock in and out, switch between projects, and track equipment usage on job sites. The application minimizes manual time card collection, reducing errors and streamlining payroll processes.


Further features include digital signatures, unlimited photo storage, job costing capabilities, and customizable daily reports, enhancing operational efficiency. Its primary clientele includes construction companies, contractors, and businesses in related fields across North America and parts of Europe. Busybusy operates on a subscription-based revenue model, featuring multiple pricing tiers such as Free, Pro, and Premium plans. Clients engage through direct subscriptions, utilizing the mobile app for time tracking and project management.


For example, a construction firm may choose the Pro plan for a fixed monthly fee per user, which includes advanced features like job costing and real-time reporting. Revenue is generated based on clients' selected plans, accommodating varying business sizes from small contractors to large construction enterprises. Following its acquisition by ToolWatch Corporation in December 2023, Busybusy, Inc. plans to leverage the acquisition to expand its product offerings and enhance capabilities in labor costs, equipment status, tool usage, and consumable replenishment.


The company is poised to focus on developing new products and expanding its footprint in additional geographical markets, particularly in Europe, to meet the increasing demand for efficient time management solutions.


Current Investors

Caterpillar Ventures

Primary Industry

Software

Sub Industries

Construction, Analytics & Performance Software, HR & Workforce Software

Website

www.busybusy.com

Company Stage

Early Stage

Total Amount Raised

Subscriber access only

Busybusy, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedBusybusy, Inc.-

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