RedTeam Software, LLC Strengths, Domain Expertise, and Key Differentiators
RedTeam Software provides a cloud-based platform for construction projects and financial management. Featuring an intuitive interface and real-time updates, it facilitates seamless collaboration between construction and accounting teams throughout all project phases, from business development and pre-construction to project closeout.
The integration with QuickBooks Online provides significant advantages, including access to over 4 million QuickBooks Online businesses and extensive resources designed to support app growth and success.
RedTeam Software, LLC Recent Developments
In May 2024, RedTeam announced the appointment of Patrick Smith as Chief Technology Officer (CTO) and Mark Ridenhour as Vice President of Finance and Operations. These strategic hires emphasize RedTeam’s commitment to advancing its product roadmap and operational efficiency. Patrick Smith, with two decades of experience in organizational leadership, business strategy, and custom software development, previously served as Platform Engagement Lead at PwC. His expertise in innovative applications aligns with RedTeam’s mission to provide cutting-edge construction management solutions. Mark Ridenhour, with extensive experience in the Software as a Service (SaaS) industry, has a proven track record in financial operations and driving scalable improvements, making him well-equipped to lead RedTeam’s financial strategy and operational initiatives.
RedTeam Software has introduced automatic drawing hyperlinks to enhance drawing management in its RedTeam Flex and Fieldlens solutions. This feature provides seamless access to project data, reducing errors and improving construction teams' efficiency. By enabling on-site and office-based personnel to quickly navigate interconnected project details directly from drawings, the update streamlines workflows, saves time, and minimizes oversight risks.
RedTeam Software, LLC Mergers and Acquisitions (M&A) Activities
In 2022, RedTeam acquired Paskr, a cloud-based construction management solution, strengthening its technology offerings for contractors of all sizes. This acquisition enhances RedTeam’s capabilities for mid-size to enterprise firms while improving efficiency and risk management for smaller contractors. The integration combines RedTeam’s end-to-end cloud-based collaboration tools with Paskr’s expertise in streamlining construction workflows, ensuring greater productivity and project control.
RedTeam Software, LLC Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying RedTeam Software, LLC applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of RedTeam Software, LLC and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified RedTeam Project Management, Fieldlen, RedTeam GO, RedTeam Flex. customers.
RedTeam Software, LLC Overview
8623 Commodity Circle
Orlando, FL, 32819, United States
1 866-432-2021
https://www.redteam.com/
Ownership: - x
Number of Employees: 160
Functional Markets: Analytics and BI, Collaboration, CRM, ERP Financial, ERP Services and Operations, PPM,
Key Verticals: Construction and Real Estate,
RedTeam Software, LLC Key Enterprise and Cloud Applications
RedTeam Project Management, Fieldlen, RedTeam GO, RedTeam Flex.
RedTeam Software, LLC Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
RedTeam Software, LLC Revenue Breakdown By Type, $M:
RedTeam Software, LLC Enterprise Applications Revenues By Functional Markets, $M:
RedTeam Software, LLC Enterprise Applications Revenues By Verticals, $M:
RedTeam Software, LLC Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
RedTeam Software, LLC Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
RedTeam Software, LLC Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified RedTeam Software, LLC Customers
No. of RedTeam Software, LLC Customers: 250
No. of RedTeam Software, LLC Enterprise Applications Customers: 250
No. of RedTeam Software, LLC Cloud Customers: 250
No. of RedTeam Software, LLC Cloud Subscribers: 850000
RedTeam Software supports over 250 contractors nationwide, including notable firms such as 38North Construction Group, EnviroStruct, LLC, Journey C+D Group, Chinburg Properties, RB Marks Construction, and many more. Its cloud-based platform enhances project management and financial operations, enabling seamless collaboration across the construction industry.
RedTeam Software, LLC Market Opportunities, M&A and Geo Expansions
In July 2024, RedTeam announced the appointment of Craig Tate as its new Chief Executive Officer, effective July 22nd. With more than three decades of executive leadership experience in the enterprise software industry, Tate brings a wealth of expertise in driving growth and innovation. His track record includes building organizations that achieve consistent growth through strategic people development, best-practice implementation, and scalable processes. This appointment represents a significant opportunity for RedTeam as Tate joins the company from Command Alkon, a global leader in platform and application solutions for the construction industry. As Chief Revenue Officer at Command Alkon, Tate played a key role in growing the recurring revenue business by over 40% in three years, optimizing go-to-market strategies, and introducing new SaaS products. His leadership also helped improve back-office management and sales operations, drive product development, and accelerate acquisitions. With his experience and vision, Tate is poised to help RedTeam strengthen its position in the market and accelerate its growth trajectory.
RedTeam Software has expanded its integration capabilities through partnerships with Acumatica and Sage Intacct. The Acumatica collaboration integrates RedTeam Flex with Acumatica’s cloud ERP, enabling seamless construction and accounting workflows with real-time financial and field data access. Additionally, the partnership with Sage Intacct enhances efficiency for commercial general contractors by integrating RedTeam’s construction management software with Sage Intacct’s cloud-based accounting, payroll, and payment systems, optimizing financial operations and project management.
RedTeam Software has strengthened its senior leadership team with key appointments: Patrick Brien as Vice President of Sales, Betsie Hoyt as Vice President of Product Development, and Kristine Sheikh as Vice President of Marketing. These strategic hires are set to drive the company’s growth and enhance its commitment to delivering innovative construction software solutions.
RedTeam Software, LLC Risks and Challenges
Expanding beyond the U.S. market presents challenges such as navigating regulatory differences, adapting to local preferences, and facing international competition. However, with careful strategies like partnerships and market localization, these obstacles can be mitigated.
RedTeam Software, LLC Ecosystem, Partners, Resellers and SI
RedTeam has integrated directly with Autodesk BIM 360 construction management software and also offers seamless connections with PlanGrid (acquired by Autodesk), Sage, DocuSign, and other tools. These integrations streamline construction project workflows and improve collaboration across teams by connecting key software platforms, enabling more efficient project management and documentation processes.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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