Pantera Global Technology Announces Acquisition of ProQual Verified

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Leading bid management firm Pantera Global Technology announces acquisition of top subcontractor risk mitigation firm ProQual Verified. The move clearly indicates Pantera's focus on providing integrated risk management solutions within its robust bid management platform.

Pantera Global Technology - Construction Risk Management

Pantera Global Technology

Bringing on Karen is a huge boost to our team. Her position as one of the brightest thought leaders in construction risk management will be an invaluable addition to Pantera.

Pantera Global Technology, a leading provider of construction bid and project management solutions, announced today the acquisition of ProQual Verified a leading subcontractor risk mitigation firm. This marks the second acquisition for Pantera within the last year. Pantera's previous purchase of Plan Express Inc. helped solidify Pantera's leading position in the retail construction space for document management and file distribution.

Pantera's strong 2015 included another nomination as a Top Product for bid management by Constructech magazine and featured many industry firsts including the introduction of the Verified Network, a network of highly vetted subcontractors available right in a General Contractor's address book. The acquisition of Plan Express also bolstered Pantera's client base to include some of the world's largest retailers and General Contractors including The Gap, Foot Locker, Hunt Construction and Lakeview Construction.

The addition of ProQual Verified vaults Pantera to a position of leadership in the risk management and mitigation space. The two companies collaborated on the creation of the "Verified Network" a unique offering in the construction industry that collects and verifies subcontractor credentials providing substantial risk mitigation and cost savings to General Contractors. "Risk management and subcontractor pre qualifications are essential components of General Contractor business practices" says Karen Herrera, Founder of ProQual. The Verified network is just one of the tools dealing with risk management that Pantera has launched for 2016.

In conjunction with the purchase of ProQual, Pantera will be adding Karen Herrera to its executive team as Senior Vice President of Sales and Marketing. Karen, a University of Texas graduate, provides an extensive background in Subcontractor Risk Mitigation and will play a critical role in the organization. Says DeWayne Adamson, President and Founder of Pantera "Bringing on Karen is a huge boost to our team. Her position as one of the brightest thought leaders in construction risk management will be an invaluable addition to Pantera."

Pantera's Verified Network is available to all Integrated Plan Room users. More information can be found here.

About Pantera Global Technology:

Pantera Global Technology, formed in 2009 by construction and technology veteran Dewayne Adamson, is a leading provider of powerful bid, project, and risk management software for the Construction Industry.

About ProQual Verified:

ProQual Verified is a Texas-based subcontractor risk mitigation firm. ProQual has developed effective collection and verification of subcontractor qualification documents, certifications, insurance and financial data and other qualification requirements associated with General Contractors' subcontractors, vendors and suppliers.

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Susie Martzahl
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