On-Site Magazine

Nemetschek Group to acquire GoCanvas

By Adam Freill   

Construction Software

Software provider aims to further accelerate digitalization in the construction industry through SaaS solution provider.

(Image courtesy of Nemetschek Group)

The Nemetschek Group, a global provider of software solutions for the AECO sector, and parent of Bluebeam, has signed a definitive agreement to acquire all shares in GoCanvas Holdings, a provider of field worker collaboration software. GoCanvas software digitizes traditionally paper-based processes with the aim of simplifying inspections, improving safety and maximizing compliance. The company has more than 300,000 active users worldwide.

With the Nemetschek Group’s Build Segment offering subscription and SaaS products that connect openly with other AECO solutions and platforms, the company says GoCanvas is a perfect fit for its strategy of offering flexible cloud and mobile field worker solutions that help customers efficiently collect real-time data, collaborate across worksites, create digital checklists, make data-driven business decisions, and replace paperwork with smart, simple workflows. Nemetschek Group’s largest brand, Bluebeam, has a notable position in the market for collaboration solutions in the built environment.

The company says the acquisition will provide significant growth opportunities and technology synergies through further enhancing market and customer access. The GoCanvas brand is expected to further strengthens Nemetschek Group’s positioning in the United States, while Nemetschek will provide GoCanvas a footprint that will help it expand in Europe and Asia-Pacific.

“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 AECO life cycle,” stated 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.”

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Viyas Sundaram, GoCanvas CEO, added, “We are thrilled to join the Nemetschek Group as we continue our mission to simplify inspections and digitize 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.”

“GoCanvas extends the simplicity and delightful user experience that Bluebeam and 123OnSite users value,” said Usman Shuja, chief division officer of Nemetschek’s Build & Construct Division and CEO of Bluebeam Inc. “Our customers will significantly benefit from this combined power, as we are now able to provide a comprehensive offering with the most advanced and sustainable functionalities possible.”

GoCanvas was founded in 2008 and has more than 300 employees with locations in Canada, the United States, Australia and South Africa.

Upon closing of the deal, the CEO of GoCanvas, Viyas Sundaram, and his team will join the Nemetschek Group.

 

www.nemetschek.com

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