Publish Date : 06-Oct-2014
Software provider Nemetschek AG (ISIN 0006452907) announced today that it will acquire 100% of Bluebeam Software, Inc., headquartered in Pasadena/California, USA. Bluebeam is a leading provider of PDF-based workflow solutions for digital processes and collaboration in the AEC (Architecture, Engineering, Construction) industry with more than 650,000 users worldwide. In the 2013 financial year, Bluebeam generated revenues of approx. US $22.4 million, which corresponds to a 48% growth over the previous year. In the first half of 2014, Bluebeam continued on an accelerated growth path and generated revenues amounting to US $16.5 million. The operating result (EBIT) in the first half of 2014 was US $3.2 million. Bluebeam has been recognized on Deloitte's Technology Fast 500 as one of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America and named on the Red Herring Top 100 North America list.
Its customers include more than 74% of top US companies in the construction industry, according to industry rankings by Engineering News-Record. In addition, Bluebeam increasingly addresses a major market potential of companies from the sectors of oil and gas, utilities, manufacturing and government. According to the company's own calculations, the use of Bluebeam solutions increases productivity by 60%, reduces the costs of paper and distribution by up to 85%, and leads to a reduction of schedules of 40%.
The desktop, server-based and mobile solutions address document-intensive industries and administrations for the digitalization of workflows. The PDF-based technology combines the process steps of "create - comment - collaborate - organize" in growing workflow automation. The intuitive and flexible solutions are used, for example, in all phases of the building process - from designing to bidding and the awarding of contracts all the way to the building stage and management. As a result of the provision of digital and paperless workflows, the platform technology called "Bluebeam Revu" considerably improves collaboration of all parties involved in the construction project.
"Bluebeam is a perfect complement to our solution portfolio for the entire building process and the life cycle of objects with the addition of drawing-based processes to our model-based BIM workflows. As a result of the acquisition, we reinforce our goal of rising to become the world-leading provider of open standards in the AEC market," says Patrik Heider, CFOO and Spokesman of Nemetschek AG.
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