PHOENIX,
July 24,
2024 /PRNewswire/ -- B2Gnow, a leading provider of
supplier diversity, prevailing wage labor compliance, and grant
management solutions, is pleased to announce the acquisition of
eComply Solutions, a pioneering company specializing in prevailing
wage labor compliance software supporting the Davis-Bacon and
Little-Davis-Bacon Acts. This strategic acquisition marks a
significant milestone in B2Gnow's mission to deliver comprehensive
and innovative solutions for regulatory compliance and diversity
management. B2Gnow is a portfolio company of Polaris Partners, a
Boston-based private equity firm.
No financial terms were disclosed.
Founded in 1999, B2Gnow has established itself as
a leader in the market for business diversity compliance software
for public infrastructure projects. With a robust suite of software
solutions, B2Gnow facilitates the management of compliance,
outreach, and reporting for diverse and certified vendors, enabling
government agencies, prime contractors, and their vendors to
streamline processes and more efficiently meet regulatory
requirements.
eComply Solutions, launched as an independent
company in 2018, has rapidly gained recognition for its prevailing
wage labor compliance software, which ensures contractors adhere to
wage determinations on public works projects. eComply Solutions
helps agencies and contractors maintain compliance with prevailing
wage laws, reducing the risk of penalties, and improving
transparency in the public construction sector.
The acquisition of eComply Solutions represents a
natural alignment of values and goals for both companies. By
integrating eComply Solutions' prevailing wage labor compliance
software into B2Gnow's existing diversity compliance platform,
clients will benefit from a unified system that addresses all
aspects of contract compliance. Together, the organizations will
provide agencies and contractors with enhanced tools to manage
prevailing wage labor requirements alongside their diversity and
inclusion goals, resulting in more efficient and comprehensive
compliance management.
"We are thrilled to welcome eComply Solutions
into the B2Gnow family," said Bryan
Proctor, President of B2Gnow. "Their expertise in prevailing
wage labor compliance perfectly complements our supplier diversity
compliance solutions. Together, we are poised to offer unparalleled
service and innovation to our clients, helping them navigate the
complexities of public infrastructure contract compliance with
greater ease and confidence."
"This acquisition underscores our commitment to
providing our customers top-tier solutions that advance our shared
vision for a brighter future in equitable contracting," said
Justin Talbot-Stern, Chief Executive
Officer of B2Gnow.
"We are excited to join forces with B2Gnow," said
Huey Siah, Managing Director of
eComply Solutions. "Our combined platforms and teams will enable us
to create a more powerful and comprehensive solution. This
represents a significant step forward in our mission to support
agencies and contractors in achieving their project compliance
goals."
Existing clients can expect a smooth transition.
Customers with existing integration with other prevailing wage
solutions will continue to be supported. In addition,
the eComply Labor Compliance Certified Payroll product has
recently been integrated with the B2Gnow platform and the two
systems now offer unmatched capabilities in combining prevailing
wage labor compliance and contract diversity compliance.
For more information, please visit
www.b2gnow.com/eComply.
About B2Gnow
B2Gnow is a leader in providing supplier diversity, prevailing wage
labor compliance, and grant management software solutions. With a
focus on compliance and equity, B2Gnow's innovative software
streamlines vendor certification, project data collection,
compliance, and reporting processes, ensuring transparency and
fairness in contracting practices. B2Gnow maintains North America's largest database of over
500,000 certified, disadvantaged business entities, helping the
federal government, more than half of state governments, hundreds
of counties, cities, airports, general contractors, and Fortune 500
companies manage their supplier diversity and compliance programs
through technology solutions for 25 years. Visit b2gnow.com to
learn more.
About eComply Solutions
eComply Solutions, launched as an independent company in 2018,
specializes in prevailing wage compliance software for public works
projects. eComply Solutions' innovative platform helps contractors
and agencies ensure compliance with prevailing wage laws, reducing
the risk of penalties and improving transparency in public
construction projects.
Media Contact:
Erin Westerman
B2Gnow
Email: erin.westerman@b2gnow.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/b2gnow-announces-acquisition-of-ecomply-solutions-enhancing-prevailing-wage-labor-compliance-capabilities-302205578.html
SOURCE B2Gnow