11 Feb 2013 | 03:17 pm | 1 min. read
International law firm Pinsent Masons has advised Coaxis, Inc., which trades as Viewpoint Construction Software, on the purchase of 4Projects from August Equity and management shareholders for an undisclosed amount.
4Projects is a provider of project and BIM (Building Information Modelling) collaboration software for the building and infrastructure sectors globally. The UK-based company has 61 employees, all of whom have joined the Viewpoint team, and over 40,000 unique monthly users employing its award-winning software. 4Project’s product portfolio will now become available in Viewpoint’s existing markets in the US, Canada and Australia.
Portland, Oregon-based Viewpoint was named Oregon’s Best Software Company 2012 by TechAmerica. The company has a long-standing focus on meeting the information needs of construction companies, achieving a leadership position in offering construction-specific enterprise resource planning, as well as point solutions including project and BIM collaboration, mobile field-to-office and enterprise content management.
Jay Haladay, Viewpoint’s CEO, said: “We are very pleased to welcome the 4Projects team and their customers to the Viewpoint family and will be focused on delivering game changing technology solutions to ensure that our customers can take full advantage of their rising backlogs or order book. We look forward to providing the 4Projects team with additional resources and construction-specific software leadership to increase their already industry leading pace of product innovation in collaboration functionality.”
The Pinsent Masons team was led by corporate partner Andrew Hornigold with assistance from Michael Lakin, Amy Mitchell and Danny Glover (corporate), Jo Alderson (IP/IT), Kate Featherstone (tax), Ed Goodwyn and Jiten Kotecha (employment), Nell Shaw (property) and Gavin Paul (pensions).
Commenting on the deal, Andrew Hornigold said: "We are delighted to have acted for fast-growing Viewpoint on its first acquisition in the UK. “Software as a Service” or SaaS is a rapidly growing software delivery model and this transaction shows that top quality assets in this space will continue to attract attention from ambitious buyers. Our market leading Construction practice and our strong credentials in the Technology sector were the keys to completing this project for Viewpoint and we look forward to assisting them and 4Projects take their combined business into the next phase of its development."
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