Roper Technologies acquired ConstructConnect for approximately $632 million, a transaction completed in October 2016, structured as all cash.
ConstructConnect operates in Network Software (construction), is based in Cincinnati, Ohio, had revenue of about approximately $150 million of revenue expected in 2017. iSqFt Holdings Inc. (d/b/a ConstructConnect) — a provider of cloud-based data, collaboration, and workflow automation solutions to the commercial construction industry, operating the largest cloud-based network for collaboration across the pre-construction process.
SaaS
ConstructConnect has created the largest cloud-based network for collaboration between participants in the commercial construction industry. Its solutions facilitate the pre-construction process from opportunity identification through project award, driving efficiency and creating revenue opportunities for its users.Brian Jellison, Chairman, President and CEO, Roper Technologies
Advisory firms were not disclosed for this transaction.