Viewpoint Construction Software announced the acquisition of project and Building Information Modeling (BIM) 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 U.S., 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.
The acquisition brings advanced project and BIM collaboration together with the Viewpoint V6 construction-specific software suite offering contractors tools to collaborate on the granular information that must be shared during project execution.
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.
Pinsent Masons of London and Goodwin Proctor in the U.S. provided legal representation, KPMG provided accounting and tax support with Silicon Valley Bank and Wells Fargo also supporting the transaction.