Viewpoint Construction Software Acquires Project and BIM Collaboration Leader, 4Projects

Portland, Ore. – February 6th, 2013Viewpoint Construction Software announced today the acquisition of project and BIM (Building Information Modeling) collaboration software provider, 4Projects. The UK-based company has 61 employees who will join the Viewpoint team and over 40,000 unique monthly users employing its award-winning software. 4Project’s product portfolio will become available in Viewpoint’s existing markets in the US, Canada and Australia and provide the opportunity for Viewpoint’s products to reach across software architectures, including on-premise, multi-tenant cloud and mobile to enable delivery of the right functionality on the right platform optimizing the end user experience. Diverse project stakeholders and geographically dispersed construction team members can use 4Projects’ web-oriented, multitenant cloud-based product to access project related information including the ability to manage, distribute, mark-up and audit drawings, submittals, RFI’s, issues and other construction and pre-construction documents.

Contemporary construction is defined by the collaboration of multiple stakeholders vested in a project’s timely completion and contractors are seeking efficient ways to keep various construction project stakeholders synchronized and informed on many factors during a project’s life cycle. To facilitate this, Viewpoint’s acquisition of 4Projects brings advanced project and BIM collaboration together with the popular and robust Viewpoint V6 construction-specific software suite offering contractors tools to collaborate on the granular information that must be shared during project execution.

“We are absolutely delighted to be a part of Viewpoint” noted Richard Vertigan, 4Project’s founder and CEO. “Our entire team is energized by the opportunities ahead and our role in Viewpoint’s strategic direction. Bringing our exceptional assembly of collaboration software specialists to Viewpoint’s dynamic group of ERP, enterprise content management and mobile software professionals, creates a diverse and talented team focused on the challenges facing contractors and their stakeholders,” continued Vertigan.

“I believe bringing 4Projects products and their employees under the Viewpoint umbrella completes a large piece of the software puzzle facing contractors and their project stakeholders today” said Jay Haladay, Viewpoint’s CEO. “Viewpoint has taken a holistic approach to providing efficiencies to solve the challenges of the global construction industry. 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.”

Pinsent Masons of London and Goodwin Proctor in the US provided legal representation, KPMG provided accounting and tax support with Silicon Valley Bank and Wells Fargo also supporting the transaction.