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 Sysdyne
Sysdyne is an innovative software company focused on delivering the value of cloud-native business solutions to the Ready-mix Concrete Industry. With a fully integrated cloud-native software suite, Sysdyne offers solutions that cover the entire spectrum of concrete operations including sales, production, delivery management, and billing. Committed to delivering the best-in-class customer experience by providing personalized service and solutions to meet customer needs.
About GCP Applied Technologies
GCP is a leading global provider of construction product 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.
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www.gcpat.com
