Viewpoint Construction Software is no stranger to M&As. The company has grown both organically and through acquisition—the most recent of which was Maxwell Systems in February. In addition to this acquisition, Viewpoint has also acquired Construction Imaging, ACS Connect, and 4Projects.
Now, the infusion of new funding will help the company continue to invest in organically developed construction-specific products, as well as potential acquisitions to extend its capabilities.
While this is one recent example of construction-software firm that received funding, there have been a few others in recent months as well. For example, earlier this month, West Partners, www.westpartners.com, San Diego, Calif., announced the closing of an investment in NoteVault, www.notevault.com, San Diego, Calif., which will fund NoteVault’s growth plan.
Additionally, last year, On Center Software, www.oncenter.com, The Woodlands, Texas, announced a strategic equity partnership with Accel-KKR, www.accel-kkr.com, Menlo Park, Calif., to help On Center continue to grow the business.
It is interesting all this investment is coming at a time when the construction market is beginning to see some traction and activity again, as the economy begins to improve. This investment also comes at a time when crowdfunding campaigns such as Kickstarter are beginning to grow in popularity, causing investment in technology to find new roots.
With all this innovation and funding for technology, the construction industry is sure to see a number of new hot technologies emerge in the year to come.