think project! GmbH, a Munich, Germany-based provider of cross-enterprise collaboration and workflow software to the construction and engineering industries, received a growth private equity investment from TA Associates.
The financial terms of the transaction were not disclosed. In conjunction with the investment, J. Morgan Seigler, a Managing Director at TA Associates, will join the think project! Board of Directors.
Founded in 2000 by Thomas Bachmaier, Chief Executive Officer, think project! provides a SaaS, multi-tenant cross-enterprise collaboration and workflow software for construction and engineering projects. Used by more than 100,000 users across over 8,000 projects in 40 countries, the company’s solutions are building information modeling (BIM)-enabled, offer application program interfaces (APIs) for close integration with other business applications and can be accessed via multiple touchpoints and devices.
think project! currently supports asset owners and general contractors across more than 20 sectors, including the energy and automotive industries, infrastructure and government projects.
The company has approximately 200 employees across its Munich headquarters, R&D center in Berlin, and regional sales offices in Spain, Poland, Austria, the Netherlands and France.