Last Vegas—Roomvo, an innovator in the website and room visualizer space, officially announced its acquisition of QFloors, a leading flooring software company, during a press conference here ahead of the kickoff of Surfaces 2025.
“This is the biggest investment we’ve ever made, and it’s a very big commitment,” said Pawel Rajszel, CEO of Roomvo/Leap Tools, addressing customers of both companies in attendance at the press conference. “Dealers are the lifeblood of this industry, and we are devoted to delivering more value and supporting their needs. We’re doing this to continue innovating in the industry while bringing more support to dealers and manufacturers. We’re very excited about what we can do together.”
Chad Ogden, QFloors president and owner, concurred. He cited the common synergies between the two companies while highlighting their distinct strengths. “The cultures and values of our two companies are in alignment,” he said. “Our capabilities are complementary, not overlapping. Moreover, we are both privately held and we have no debt. That means we don’t have to do what the ‘money guys’ would like us to do.”
Ogden made it a point to stress that there will be no disruptions as a result of his company being acquired, and that his team—including family members Chris Ogden and Trent Ogden, CFO—will remain in place. “I’m not going anywhere,” he told attendees repeatedly. “What we’re doing is in the best interest of the company and the industry.”
QFloors, which has long been an acquisition target for many years, has long said that it intended to remain independent. The pressure to remain independent, industry observers say, became more intense as consolidation began to heat up in the space over the past few years. However, Ogden, who described the new alliance between Roomvo and QFloors as “divinely influenced,” said the decision to join forces with Roomvo was not due to any outside competitive pressures. He said the deal, which was officially sealed on Friday, Jan. 24, was actually in the works for some time now. “A lot of people have approached us in the past, but it wasn’t the right fit,” he said.
(Look for more on this story in the post-Surfaces issue of FCNews.)
The post Roomvo announces acquisition of QFloors appeared first on Floor Covering News.
