Dive Brief:
- Accounting, finance and payroll tech firm Sage has acquired Paperless Environments, a firm that offers accounts payable automation services for the construction industry, according to an Oct. 1 announcement. The terms of the deal were not disclosed.
- Paperless serves more than 1,400 customers across the United States, Canada and Australia, according to the announcement. Sage customers already access Paperless’ technology via the Sage Paperless Construction platform.
- Sage will use the acquisition to bolster the services it offers to the construction industry, per the announcement, which is hungry for tech adoption, according to the firm’s recent survey with the Associated General Contractors of America that found 61% of U.S. construction firms are now using artificial intelligence.
Dive Insight:
By acquiring Paperless Environments, Sage is taking another step in its efforts to invest in artificial intelligence and automation for its products, per the announcement. By further combining the offerings of Sage and Paperless, the companies will aim to connect finance, project and jobsite teams.
The acquisition builds on continued M&A momentum across the construction industry, which surged in 2025 and has maintained pace this year. In particular, firms that offer specific value propositions have been snapped up by larger entities in a bid to increase their service capabilities, such as Procore with its acquisition of DroneDeploy for $845 million in cash.
For its part, Sage has acted intentionally to add technologies to its portfolio that builders will need, said Dan Miller, executive vice president of financials and ERP at Sage, in the announcement.
“Contractors should not have to piece together critical information from across their finance, project and field teams,” Miller said. “Paperless brings a highly experienced team with expertise in accounts payable automation and document workflows that will help reduce the manual work involved in managing invoices, project records and compliance documents across offices and jobsites.”
Paperless Environments is headquartered in Baton Rouge, Louisiana. Its specific offerings include the ability to capture and file documents from any location via a user’s phone, as well as index and store different documents and distribute them securely to different users, according to its website.
