Source: Trimble, Sunnyvale, Calif.
Trimble has announced a definitive agreement to acquire construction management software specialist Viewpoint for $1.2 billion in cash. Complementary to the e-Builder business, another recent acquisition, Viewpoint will extend Trimble’s ability to support more complete and integrated project, jobsite and business workflows across the construction lifecycle.
Viewpoint software integrates a user’s financial and resource management to project operations and to jobsite and field. Integration across office, team and field enables contractors to employ Viewpoint to effectively manage and have visibility to data and workflows from pre-production planning; to product operations and supply chain management; then to project hand over and asset operation. By blending office and field data workflows across a project, Trimble notes, customers are able to achieve significantly improved collaboration, efficiency and decision making, while lowering costs.
“Viewpoint, in combination with the recent e-Builder acquisition, confirms [our] leadership in the accelerating digital transformation of the construction industry,” says Trimble CEO Steven Berglund. “The acquisitions are strategically significant and position us to play a central role in providing comprehensive enterprise and project solutions.”
“The construction industry is embarking on a major digital transformation, and together with Trimble we will further accelerate technology innovation and adoption to deliver even more value to our customers,” adds Viewpoint CEO Manolis Kotzabasakis. “This partnership is a perfect fit, as Trimble and Viewpoint share a common vision helping construction companies integrate operations across the office, team and field, improving project profitability, enhancing productivity, and effectively collaborating across the construction ecosystem.”
“Software demand continues to surge across all industry verticals, and Viewpoint has accelerated technology adoption in construction through the development and launch of a suite of new cloud and mobile applications,” affirms Darren Abrahamson, a managing director at Bain Capital Private Equity, from whom Trimble is acquiring Viewpoint.