Eagle Point Software Corporation has acquired UK-based KnowledgeSmart Ltd to enhance its AEC training solutions amid increasing skills gaps in the industry.
Target Company Overview
Eagle Point Software Corporation has recently acquired KnowledgeSmart Ltd, a UK-based company specializing in skills gap analysis and benchmarking services aimed at helping Architecture, Engineering, and Construction (AEC) firms optimize their investments in technology, personnel, and client services. This strategic acquisition positions Eagle Point to enhance its service offerings and expand its market reach within the AEC sector.
KnowledgeSmart delivers innovative solutions that empower AEC firms to address skill deficiencies and elevate their operational efficiency. By leveraging KnowledgeSmart's expertise, Eagle Point aims to further develop its capabilities in training and technology utilization.
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Industry Overview in the United Kingdom
The AEC industry in the United Kingdom is undergoing significant transformation driven by technological advancements and changing work dynamics. Economic uncertainties and the rise of remote working have prompted firms to a
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Eagle Point Software Corporation
invested in
KnowledgeSmart Ltd
in 2021
in a Merger deal