The amount of the transaction was not disclosed.
The company intends to use the proceeds to extend its reach in the global construction market expanding both the product and service offerings.
Led by Jay Haladay, Chairman and CEO, Viewpoint Construction Software provides financial compliance, project management, project collaboration, estimating, mobile, content management and Building Information Modeling (BIM) software for construction industry professionals. It offers different configurations that provide support to a broad customer base ranging from small local contractors to multi-billion dollar global firms.
The company has 700 employees and provides mission critical software to more than 8,000 contractors in 28 countries.