Viewpoint’s office, located in Portland, Oreg. Viewpoint will be keeping its office and its 700-person staff as part of the merger. (Photo courtesy of Mike Rogoway and The Oregonian.)
Tech company Trimble recently acquired Viewpoint Construction Software in a bid to offer “end-to-end” construction solutions to its customers.
Viewpoint is best known for its software as a service construction management software, which allows construction companies to communicate effectively and streamline different departments across the timeline of a project. The goal is to allow construction companies to use only one software across their field of operations, tracking spending, planning and payroll. The company has approximately 8,000 customers worldwide, including almost half of ENR’s Top 400 Contractors list.
Trimble acquired the smaller company in a $1.2 billion cash deal. The deal is expected to go through in the year’s third quarter, and Trimble management expects it to bring in approximately $200 million in additional revenue in 2018 alone.
According to Trimble’s management, the move is meant to complement the company’s February acquisition of fellow construction management company e-Builder. While e-Builder is popular among owners and managers, Viewpoint focuses on management for contractors and subcontractors. Trimble leadership hopes that the companies’ different capabilities will allow them to offer more transparency across the project. In his…