NETWORK SYSTEMS
Nemetschek group to acquire GoCanvas to further accelerate digitalisation in the construction industry
The Nemetschek Group , a leading global provider of software solutions for the AEC / O and media industries , has announced that it has signed a definitive agreement to acquire all shares in GoCanvas Holdings , headquartered in Reston , Virginia , USA . GoCanvas is a leading provider of field worker collaboration software that digitises traditionally paper-based processes , simplifies inspections , improves safety and maximises compliance with more than 300,000 active users worldwide in the first quarter of 2024 .
The Nemetschek Group ´ s Build Segment offers subscription and SaaS products that simplify customers ’ jobs and connect openly with other AEC / O solutions and platforms . GoCanvas fits perfectly in this strategy by offering flexible cloud and mobile field worker solutions that help customers efficiently collect real-time data , collaborate across worksites , create digital checklists , make datadriven business decisions , and replace paperwork with smart , simple workflows .
“ GoCanvas is a great fit and a perfect complement to our existing solution portfolio in the Build segment and therefore represents a valuable addition to our expertise in covering the complete AEC / O life cycle ,” said Yves Padrines , CEO of the Nemetschek Group . “ Adding the powerful solutions of GoCanvas gives us a strong competitive edge while opening access to a rapidly growing market for field workforces in construction and other adjacent verticals .”
The acquisition of GoCanvas will capture significant growth opportunities and technology synergies through further enhancing market and customer access . GoCanvas further strengthens Nemetschek Group ’ s positioning in the US while Nemetschek will provide GoCanvas a unique footprint to expand in Europe and Asia-Pacific .
Viyas Sundaram , GoCanvas CEO , added : “ We are thrilled to join the Nemetschek Group as we continue our mission to simplify inspections and digitise paper-based processes . This partnership will accelerate our growth and development , allowing us to offer our solutions to a wider range of customers . Together , we will support them in safeguarding their people , protecting their assets and delivering exceptional quality .”
Nemetschek Group ’ s largest brand Bluebeam is already the most trusted name for collaboration solutions in the built environment and is poised to utilise this market leadership to introduce GoCanvas solutions to extend value to field workers . GoCanvas expands the existing Build portfolio of Nemetschek by providing solutions that simplify operations for on-site professionals across diverse sectors including construction , manufacturing and energy with workflows including safety , ESG ( Environmental , Social and Governance ), quality and work progress . These solutions deliver enhanced productivity and efficiency gains for field workers , including reduced travel , heightened safety measures and improved collaboration . �
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