LAWYERS from DLA Piper's corporate team have advised August Equity and the management shareholders of the 4Projects group of companies on the sale of 4Projects to US-based Viewpoint Construction Software (Viewpoint), a division of Coaxis, Inc, for an undisclosed sum.
Sunderland-based 4Projects, which has 60 staff, expects to grow at least threefold following the deal which sees the specialist provider of secure online collaboration software for the construction and infrastructure sectors to the larger US firm.
This is the latest in a series of strategic acquisitions for Viewpoint allowing it to develop its product lines while extending its employee base to more than 390 people globally.
The acquisition will enable Viewpoint to create increasingly sophisticated software to drive efficiencies for its customer base.
Peter Wayte, consultant, and John Gallon, partner, at DLA Piper in Leeds, led the transaction with support from Paul Routledge and Rebecca Lightfoot.
Gallon said: “This is a significant transaction for Viewpoint and 4Projects, bringing together two complementary product portfolios while representing an opportunity for the combined businesses to transform the way the construction and infrastructure industries use technology.
“Experienced management, technological know-how and global breadth gives Viewpoint the platform from which to generate continued growth and cutting-edge product development.
“This transaction demonstrates DLA Piper’s strength in the technology sector, with a number of specialists in the UK serving local and national clients.
“We also continue to have strong links with the West Coast of the US, and remain committed to developing our sector expertise in the region.”