After two years of teaching, Fred simply knew the classroom wasn’t for him, so he left with $400 and a whole lot of idealism, stopping only briefly to join the oil boom in Odessa, Texas.
By the following fall he took another teaching job, but it wasn’t long before Fred sold everything that couldn’t fit in an old steamer trunk and began hitchhiking — across the U.S. and halfway across Canada. Next, backpacking Europe. Then, a month playing full-time blackjack in Vegas.
By 1980 Fred still didn’t know what he wanted to do with his life, but traveling marked a turning point for him and reinforced his ideals and his suspicion of the normal way of doing things. It wasn’t until he enrolled in an MBA course at Cleveland State University that he discovered his true passion — programming.
After working for several years as the lead programmer analyst for a large contractor, Fred designed and wrote the original version of his construction accounting software, Foundation Accounting System for the Wang minicomputer, and the rest is history.
Fred took the long route to founding Foundation Software, but every experience has shaped the company’s unique style of business. The restless spirit that kept turning Fred onto the road until he found his passion is the spirit that drives us to always improve in what we do.
Overview
Investors 1
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Mentions in press and media 17
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| Jul 1, 2026 | WorkMax(R) Releases Free On-Demand Webinar Featuring Electrical Contractor's Experience With Mobile Time Tracking | PAYSON, UT / ACCESS Newswire / July 1, 2026 / WorkMax, a leading construction time tracking platform and part of Foundation Software's product portfolio, has released a free on-demand webinar titled "WorkMax in The World: A Client's Ex... |
| Jul 1, 2026 | Estimating Edge Explores Concrete-Specific Bidding in New Webinar | BOYNTON BEACH, FL / ACCESS Newswire / July 1, 2026 / Estimating Edge, developer of the leading concrete takeoff and estimating software The EDGE®, has released a free, on-demand webinar showing concrete contractors how to streamline their e... |
| May 19, 2026 | McCormick Systems Details What Good Support Means for MEP Estimating Teams | CHANDLER, AZ / ACCESS Newswire / May 19, 2026 / McCormick Systems, leading provider of MEP takeoff & estimating software and a Foundation Software company, has published a new resource, "What Good Construction Support Really Means ... |
| Apr 24, 2026 | Protect Margins Through Stronger Estimating | BOYNTON BEACH, FL / ACCESS Newswire / April 24, 2026 / Estimating Edge, developer of the commercial construction estimating platform The EDGE® and a part of the Foundation Software business portfolio, has published a new guide to estimating... |
| Apr 24, 2026 | Voyage Utah Highlights WorkMax(R) Construction Time Tracking in New Feature Article | PAYSON, UT / ACCESS Newswire / April 24, 2026 / WorkMax, Foundation Software's construction mobile time tracking app, was recently featured in Voyage Utah, a prominent regional publication that showcases innovative businesses and the people... |
| Apr 24, 2026 | Federal Contractor Minimum Wage Update Takes Effect in 2026 | STRONGSVILLE, OH / ACCESS Newswire / April 24, 2026 / Foundation Software, a leading provider of construction software and services, has published a new resource titled Understanding the Federal Contractor Minimum Wage Update. It outlines t... |
| Apr 22, 2026 | SafetyHQ(R) Details Spring Construction Hazards in New Article | STRONGSVILLE, OH / ACCESS Newswire / April 22, 2026 / SafetyHQ, a construction safety management app and part of Foundation Software's product portfolio, has published an article on updating construction safety checklists for spring. As win... |
| Feb 23, 2026 | Payra Receives $15 Investment From Edison Partners | Payra, a B2B payments and accounts receivable automation platform, has raised a growth equity investment of $15 million from Edison Partners. Payra helps construction and building supplier companies modernize cash collection without replaci... |
| Feb 21, 2026 | Payra Raises $15 Million Growth Investment From Edison Partners | Payra, a B2B payments and accounts receivable automation platform built for blue-collar and construction-oriented businesses operating on legacy enterprise resource planning systems, announced that it has raised a $15 million growth equity ... |
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FAQ about Foundation Software
When was Foundation Software founded?
Foundation Software was founded in 1985.
What has the press written about Foundation Software?
Parsers VC has collected 17 articles mentioning Foundation Software, among them “WorkMax(R) Releases Free On-Demand Webinar Featuring Electrical Contractor's Experience With Mobile Time Tracking” (Jul 1, 2026) and “Estimating Edge Explores Concrete-Specific Bidding in New Webinar” (Jul 1, 2026).
Is Foundation Software still active?
Yes, Foundation Software is active; its latest activity on Parsers VC dates from Jul 16, 2026.