Cambridge, Massachusetts, August 10, 2018 – GCP Applied Technologies (NYSE:GCP) has made a strategic investment in Sysdyne Technologies, a Stamford, CT based provider of technology solutions for the ready-mix concrete industry. Terms of the deal were not disclosed.
Sysdyne offers a range of integrated software and industry automation tools including batch panels, dispatch software and electronic ticketing solutions. The company’s innovative products help ready mix producers streamline operations, optimize business processes, tighten quality control and improve cash flow.
“Sysdyne shares our vision to transform the industry through technology and innovation,” said Naren Srinivasan, GCP’s Chief Strategy, Marketing and Development Officer. “The Company’s product suite complements our VERIFI® product line and presents significant opportunities to advance services through data integration.”
GCP’s VERIFI® In-transit Concrete Management and VERIFI® Quality software provide valuable data insights and analytics to concrete producers to help improve concrete quality, optimize mix designs, save time and reduce costs from the plant to the job site.
“We are excited to have GCP as an investor as we continue to scale our business and accelerate our product development” said Sysdyne CEO Jill Zhang. “Sysdyne and GCP share a passion for innovation, commitment to outstanding customer support and are both on the forefront of developing cutting-edge technologies that provide tremendous value to producers.”
About GCP Applied Technologies
GCP is a leading global provider of construction products technologies that include additives for cement and concrete, the VERIFI® in-transit concrete management system, high-performance waterproofing products, and specialty systems. GCP products have been used to build some of the world’s most renowned structures. More information is available at www.gcpat.com.
Sysdyne is a Stamford, Connecticut based company that develops, markets and supports automated control systems and software products to ready mix concrete producers, precast/prestress plants, block manufacturing and asphalt plants. Founded in 1976 as one of the first computer companies in concrete industry, Sysdyne has been applying cutting-edge computer technology to help its customers to cut cost and improve operation efficiency and effectiveness.
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