STANLEY X, the innovation division of Stanley Black & Decker, has officially acquired DADO, Inc. the intelligent document platform built for trade contractors. The strategic acquisition will provide DADO with additional resources to accelerate product development, expand support of a growing customer base, and accelerate STANLEY X’s focus on developing best-in-class construction technology solutions “For those who build the world”.
“I can speak for the entire DADO team in saying how excited we are to be continuing our mission as part of STANLEY X,” said Jake Olsen, Co-Founder and CEO of DADO. “We have an incredible customer base and an inspiring product vision to drive us forward. As Vice President of Construction Technology, I am excited to have the support of an industry leader like Stanley Black & Decker to accelerate DADO’s growth, and also to lead the greater STANLEY X Construction Technology group.”
STANLEY X pioneers solutions that address modern challenges, develop in-house solutions, and forge thoughtful partnerships, spinouts, investments, and acquisitions. Construction Technology is one of three key verticals for STANLEY X, and DADO will be a core building block of a greater construction technology offering for the industry that will provide trade contractors with end-to-end solutions.
“STANLEY X has been closely involved with DADO since their founding both as an investor and as part of the DADO board,” said Michelle Bockman, President of STANLEY X. “Their current market traction is exciting, and their customer focus aligns perfectly with our Construction Technology vision. I am very excited to have Jake and his team joining us to accelerate our efforts to serve every part of the contractor business across the commercial construction industry.”
About STANLEY X
STANLEY X, located in Silicon Valley, Atlanta and India, is the innovation group of Stanley Black & Decker. STANLEY X pioneers solutions that address modern challenges across three verticals: Workforce Technologies, Manufacturing, and Construction Tech. Through its internal Ventures Studio, it develops in-house solutions and forges thoughtful partnerships, spinouts, investments, and acquisitions. Learn more at www.stanleyx.com or on LinkedIn and Instagram.
DADO is construction’s leading Forms and Document Management platform, helping contractors submit, find, and collaborate on the latest project information. Founded in Oakland, California in 2018, DADO increases project and service teams’ productivity through its industry-leading search and automation tools. www.projectdado.com