Eque2 Strengths, Domain Expertise, and Key Differentiators
Eque2 is a contract management software and construction solutions providing the foresight to complete the projects on time and to budget while retaining the margins. In May 2019, Eque2 launched Mobile Time Sheets App for Construct for Sage Job Costing Software.
MIracle Dynamics is a supplier of HRM technology (Payroll, HR, Time and Attendance) to the Microsoft Dynamics 365 Business Central On-Premise (Formerly Dynamics NAV) market and our HMRC recognised solutions are used by over 1,000 organisations worldwide.
The new module provides users with an easy way to collate and enter their employee's timesheets, saying goodbye to the traditional spreadsheet and paper-based methods. Construct Mobile Time Sheets App allows on-site managers to enter timesheets for themselves or their team, through any Android or Apple mobile device in real-time, which are then transferred automatically over to Construct for Sage Accounts and Payroll.
Eque2 Recent Developments
In November 2020, Miracle Dynamics, part of Eque2 Limited, launched MiraclePay, a Payroll solution for Microsoft’s cloud-based Dynamics 365 Business Central solution.
Eque2 Mergers and Acquisitions (M&A) Activities
In May 2018, Eque2 acquired JNC Construction Software, a well-known provider of construction accounting and job costing software solutions for Sage 50 Accounts. This acquisition expands the Eque2 customer base beyond 1,600 accounts. It is the second acquisition for Eque2 since mid-market private equity investor LDC backed the business six months ago.
Eque2 Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Eque2 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 Eque2 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 Construct Express Cloud for Sage 50, Construct for Sage 50, Construct for Sage 200 customers.
Eque2 Overview
Ownership: - x
Number of Employees: 140
Functional Markets: ERP Financial, ERP Services and Operations Management, HCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Eque2 Key Enterprise and Cloud Applications
Construct Express Cloud for Sage 50, Construct for Sage 50, Construct for Sage 200
Eque2 Revenues, $M:
| Type/Year | 2020 | 2021 | 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.
Eque2 Revenue Breakdown By Type, $M:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Eque2 Enterprise Applications Revenues By Functional Markets, $M:
Eque2 Enterprise Applications Revenues By Verticals, $M:
Eque2 Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Eque2 Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Eque2 Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Eque2 Customers
No. of Eque2 Customers: 4000
No. of Eque2 Enterprise Applications Customers: x
No. of Eque2 Cloud Customers: x
No. of Eque2 Cloud Subscribers: x
As the market-leading supplier of business management software to the construction and contracting industries, Eque2 has more than 4000 customers spanning small to enterprise-sized organisations. Among Eque2 customers are McGowan Environmental Engineering Ltd, J P F Systems Ltd, Profixed Interiors, Aston Environmental, Bainbridge Electrical Ltd, RCA Construction and many others.
Eque2 Market Opportunities, M&A and Geo Expansions
In November 2020, Miracle Dynamics, part of Eque2 Limited, launched MiraclePay, a Payroll solution for Microsoft’s cloud-based Dynamics 365 Business Central solution.
From June 2019, Eque2's Construct for Sage 50 and Sage 200 solutions can be accessed in the cloud anywhere, anytime on any device. Contractors can perform these tasks on a single system, which reconciles data from multiple sources to gain one version of the truth on the performance and profitability of every contract.
During 2019 Eque2 continue to grow its presence in Ireland as Bretland Construction implements Construct for Sage. Bretland is a renowned Irish Contractor catering to clients in the private, industrial and commercial sectors.
Bretland offers a wide range of services spanning from general construction, design and builds, fit-out and refurbishments work to commercial glazing solutions and property maintenance. With Sage Accounts, Bretland Construction will manage its entire construction-specific job costing processes.
Eque2 Risks and Challenges
Managing Microsoft's expectations of its evolving Dynamics reseller base is critical to its future success.
Eque2 Ecosystem, Partners, Resellers and SI
Eque2 is a Microsoft and Sage strategic business partner in the construction industry. Among Eque2 other partners are Secura, Group BC , Open ECX, Protean Software, InspHire, Zetadocs, Jet Reports, Draycir, Reality Finance and ExpandIT.
Eque2 Cloud Infrastructure Insights
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- Eque2 Public Cloud and Infrastructure (IaaS)
- Eque2 Platform (PaaS)
- Eque2 Application Delivery
- Eque2 Private Cloud and Data Centers
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).
For additional information on our methodologies, here's the link:
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