Veriforce has acquired Highwire, a leading Contractor Success platform, for an undisclosed amount. This strategic acquisition brings together Highwire’s advanced capabilities in contractor risk management with Veriforce’s existing portfolio, aiming to deliver more comprehensive solutions for organizations managing their extended workforce. Highwire provides a vital platform for owners, general contractors, and facilities managers, enabling them to ensure contractors deliver projects on time and within budget by proactively mitigating safety, financial, quality, and sustainability risks throughout every project lifecycle.
Highwire’s platform, which originated as an internal risk assessment system at Harvard University, offers prequalification assessments and field applications for over 60,000 contractors. It moves beyond simple pass/fail evaluations to foster continuous engagement and improvement, helping clients understand each contractor’s unique risks. Its robust system helps clients avoid costly defaults, ensure financial viability, dive deep into safety performance, and verify adequate insurance coverage. Esteemed organizations like Skanska, Merck, and Bond Brothers utilize Highwire to optimize contractor performance across critical industries such as construction, data centers, and manufacturing.
This acquisition is set to enhance Veriforce's offerings by integrating Highwire's specialized Contractor Success methodology. The synergy is expected to create a more powerful and holistic suite of tools for managing contractor performance and mitigating enterprise-wide risks. By combining Highwire’s focus on dynamic risk mitigation and contractor enablement with Veriforce’s broader capabilities, the merged entity aims to set new standards for operational excellence and compliance in complex project environments.
The combined entity is poised to offer an unparalleled solution for organizations seeking to optimize their supply chain and contractor relationships. This integration will provide clients with deeper insights and more proactive control over project outcomes, ultimately driving greater efficiency, safety, and financial stability across their operations. The acquisition underscores a commitment to delivering integrated solutions that address the multifaceted challenges of contractor management in today's demanding business landscape.