Construction Software and Consulting Firm Info Tech to Split Into Two Companies
The consulting arm will spin off while the infrastructure construction software part will become Infotech.
Consulting and services are often considered important in technology companies. They can help smooth out variability in earnings that would otherwise be stronger with product release cycles. But Info Tech is taking an alternate approach. The company, which has had software and consulting practices, will split into two: software product company Infotech and consulting firm McClave + Associates.
“This separation is a strategic initiative to best position both companies for long-term, targeted growth in their respective markets,” the company says.
The company also suggests that It seems to be a split allowing for each of two family members of 1977 co-founder Dr. Jim McClave to be in charge of an entity. According to the press release: “Infotech and McClave + Associates will fully operate as separate entities with independent executive leadership. Dr. Jamie McClave will serve as both CEO and Expert for MC+A and Will McClave will be President and CEO of Infotech.”
Infotech offers a series of products for automated construction administration and inspection, secure online bidding, paperless document workflow with electronic signatures, web-based field interview data collection, and a mobile highway construction app with daily reports for item progress, contractor workforce, photos, and site conditions.
McClave has a broad legal consulting practice that does include construction defects, but many others as well, such as antitrust, labor and employment, biostatistical and epidemiological analysis, environmental analysis, business value, healthcare fraud, intellectual property, breach of contract, and more.
The explanation of the twin major focuses comes from the combination of the co-founders. The elder McClave was a teacher at the University of Florida and a legal consultant. Dr. Tom Rothrock had completed at the University of Missouri his Ph.D. thesis on the statistical analysis of sealed bid markets that would form the basis of the company’s early approaches to detect bid rigging.