ETHOSystems
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ETHOSystems - overview
Established
1985
Location
Chicago, IL, US
Primary Industry
Software
About
Based in Illinois, US, and founded in 2020, Cornerstone Solutions, Inc. and Ledgerwood Associate, Inc. formed ETHOSystems, a provider of business software solutions for the construction and real estate industries, to streamline back-office operations, project management, and client communication. In June 2024, Evergreen Services Group, LLC, a portfolio company of Alpine Investors, acquired ETHOSystems.
ETHOSystems offers the Sage software suite, which provides a range of functionalities specifically designed for construction and real estate businesses. Accounting and Financial Management: Solutions for managing accounts payable/receivable, general ledger, budgeting, and financial reporting. Streamlining these financial processes allows construction and real estate companies to maintain accurate financial records, generate reports for informed decision-making, and improve cash flow management. Project Management: Tools for project planning, scheduling, resource allocation, and cost control.
Project management software provides construction companies with a centralized platform to track project progress, manage deadlines, and allocate resources effectively. Estimating: Software to generate accurate estimates for construction projects, considering materials, labor, and equipment costs. Accurate estimates are crucial for construction companies to secure bids, manage project budgets, and ensure profitability. Customer Relationship Management (CRM): Systems for managing customer relationships, tracking leads, and nurturing new business opportunities.
A CRM system allows real estate companies to build stronger relationships with clients, streamline communication, and optimize lead generation efforts. Human Resources (HR) and Payroll: Software for managing employee records, payroll processing, and workforce management functions. HR and payroll software helps construction and real estate companies streamline administrative tasks, ensure compliance with labour regulations, and improve employee satisfaction. The company assists clients with installing, configuring, and learning the software.
User training ensures integration into workflows and maximizes the software's capabilities. ETHOSystems provides technical support and guidance to help clients navigate the software and troubleshoot any issues, including answering questions, resolving technical problems, and offering updated features.
Current Investors
Evergreen Services Group, LLC
Primary Industry
Software
Sub Industries
Web Applications, Systems Management Software, Monitoring & Security Software, HR & Workforce Software, Application Integration Software, Analytics & Performance Software, Accounting/Finance Software
Website
www.ethosystems.com/
Verticals
Cloud Computing, Real Estate Tech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
ETHOSystems - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | ETHOSystems | - |
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