Business Collaborator sold to YFM Equity Partners and Management
Clearwater International has advised Business Collaborator on its sale to private equity house YFM Equity Partners and the Management Team.
Business Collaborator is a leading provider of Building Information Modelling (BIM) software tools, designed to ease the transition of asset construction and maintenance projects to an interactive paperless environment. The Reading-based SaaS business has over 16 years of experience and 160,000 users of its software worldwide.
The transaction sees Business Collaborator exit UNIT4, a Netherlands-based global software company with operations in 26 countries. Business Collaborator will retain a close relationship with UNIT4 who have agreed to resell Business Collaborator's BIM solutions for an exclusive period of up to three years.
The investment from YFM will enable Business Collaborator to continue to expand its offering of Collaboration and BIM software tools and accelerate its Go To Market strategy. With 54% of construction professionals in 2014 using BIM systems, compared to 13% in 2011, the deal also offers Business Collaborator the potential to capitalise on this growing market.