COINS buys e-Xact
Published: 19 April, 2011
UK: e-Xact Online, the product information service for building materials announced that it has been acquired by COINS – the construction industry software solutions provider.
The e-Xact customer base, which includes Travis Perkins, Jewson, Buildbase and many leading independent builders’ merchants, compliments that of COINS which includes companies like Balfour Beatty, Barratt Developments, Kier, Laing O'Rourke, Morgan Sindall, Persimmon, Taylor Wimpey and Vinci.
Commenting on the acquisition, Nigel Cope, business development director founder of COINS, said: "Quality information is essential for all businesses and the growth in data requirements, spurred on by eco and legislative initiatives, means that the task of gathering and managing information is a mounting challenge.
“We believe the e-Xact business provides a sound foundation for us to build on, creating the most comprehensive product information service for the construction sector.”
The co-founders of the e-Xact Business, Beverley James and Mike Shippin will be staying with the company to further develop the offering, ensuring continuity and a sound understanding of the industry's requirements for product information.
COINS is a global company with more than 20 years of industry experience. It has offices in the US and Australasia. its software is used by 31% of the top 100 UK construction companies and 33% of the top 30 Irish construction companies.
e-Xact Online was launched in 1999, originally by the Builders Merchants Federation, with the assistance of a government grant that was aimed at removing costs from the supply chain.
The database currently has around 150 000 products from 80 major manufacturers and is a prime provider of images, data sheets and other product-specific information for trade counters, sales offices and web catalogues.