Acquisition of construction management software provider to expand integrated project, jobsite and business workflow offerings
Construction technology services provider Trimble has announced the acquisition of Viewpoint, a privately-held scalable construction management software company, from Bain Capital in an all-cash transaction valued at $1.2 billion.
According to Trimble, Viewpoint is highly complementary to its e-Builder business, and will extend its ability to provide more complete and integrated project, jobsite and business workflows across the construction lifecycle.
Viewpoint’s solutions integrate contractors’ financial and resource management to their project operations and to their jobsite and field, said a statement from Trimble. The integration across the office, team and field enables contractors to employ Viewpoint to effectively manage and have visibility to data and workflows that span the construction lifecycle from pre-production planning to product operations and supply chain management, and then to project hand over and asset operation and maintenance.
Viewpoint’s suite of purpose-built SaaS, client-server and mobile solutions improve project performance, provide increased visibility and deliver integrated workflow data to the entire team consisting of general contractors, project managers, architects, engineers and subcontractors, the statement added. By blending office and field data workflows across a project, Viewpoint customers are able to achieve improved collaboration, efficiency and decision making, while lowering costs.
Currently managing over $400 billion of construction project value, Viewpoint has approximately 8,000 customers worldwide, including many from the Engineering News-Record (ENR) 400 and 600 top-tier construction firms. These firms include general contractors, heavy highway and civil contractors, specialty subcontractors and owners.
According to Trimble, the acquisition will round out its comprehensive construction technology portfolio and position Trimble to further its strategy to lead the industry’s transformation. With Viewpoint, Trimble will be able to offer customers a central workflow platform for delivering integrated, end-to-end construction management, while further enabling connectivity across the complete construction lifecycle.
Viewpoint will also complement Trimble’s recent acquisition of e-Builder, a SaaS-based construction program management solution for capital program owners and program management firms. Viewpoint will further extend these capabilities with focus on general, specialty and heavy civil contractors, and link project data into the owner-facing e-Builder suite for end-to-end project transparency.
“The Viewpoint acquisition, in combination with the recent e-Builder acquisition, confirms Trimble leadership in the accelerating digital transformation of the construction industry,” said Steven W. Berglund, president and CEO of Trimble. “The acquisitions are strategically significant and position us to play a unique and central market role in providing comprehensive enterprise and project solutions. They also provide significant financial opportunity and contribute strong growth trajectories. The current trajectories can be further enhanced by a large addressable market enabled by the combined capabilities of the three companies.”
Manolis Kotzabasakis, CEO of Viewpoint, added: “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.”
According to Trimble, the compelling strategic and financial rationales for the Viewpoint acquisition include advancing Trimble’s strategy to create a comprehensive, end-to-end suite of solutions to lead the construction industry’s transformation; complementing its existing construction technology offering and recent e-Builder acquisition; delivering value to customers by adding integrated and scalable construction software covering office, team and field solutions across the entire project lifecycle for planning, supply chain, procurement, construction as well as maintenance and operations; and expanding Trimble’s addressable market and enhancing revenue growth, with an attractive profitability profile.