Stanley Ventures Acquires Software Provider

Stanley Ventures, the strategic investment arm of Stanley Black & Decker, has acquired its portfolio company MSUITE. MSUITE is a provider of software solutions for the construction technology space. The acquisition will be the core of a construction technology initiative designed to connect construction software and hardware into one integrated solution. Together, the two companies will provide solutions to builders looking to improve their workflows through technology. They have worked together closely since 2020 with an early seed funding investment by STANLEY Ventures. The success of this strategic partnership, technology integration, cultural compatibility, and shared vision made the acquisition possible.