Coaxis Receives $76M Minority Investment from TA Associates
Coaxis Inc., parent company of Viewpoint Construction Software, a Portland, Oregon-based provider of software for global construction companies, has received a $76m minority investment from global growth private equity firm TA Associates.
The investment will help Viewpoint in its core business model and accelerate the flow of new products and services to this growing base of global contractors.
Led by CEO Jay Haladay, the company provides mid-sized and large construction firm, including general contractors, heavy/highway and specialty subcontractors, with cloud and on-premise financial/accounting compliance, operational, project and document management software. It offers:
- V6 software, an ERP suite of integrated applications for accounting, human resources, project management and construction operations; and
- Construction Imaging, an ECM and workflow suite with complete integration to Viewpoint and other industry accounting and project management applications.
Viewpoint currently serves the U.S., Canadian and Australian markets and counts 1,200 construction firms using their products.
In conjunction with the financing, Harry D. Taylor, a Director at TA Associates, will join the company’s Board of Directors, along with TA Principal Ashutosh Agrawal.