Clearwater International advises on the sale of Byggeweb to RIB Software
Byggeweb is a Danish developer and worldwide marketer of SaaS based collaboration software solutions with offices in Denmark and England.
Since the company’s foundation in 1997, Byggeweb has grown to become a leading provider of SaaS based collaboration software solutions within Project and Facility Management, covering all stages of a building’s life cycle; from idea and design, through tenders and building, to operation and maintenance.
In recent years, Byggeweb has experienced tremendous growth rates of +25% annually, achieved by enforcing a dedicated vertical focus on the AEC (Architecture, Engineering and Construction) industry. Byggeweb’s significant growth is expected to continue in the forthcoming years as the company continues to consolidate its local position as well as its penetration of new geographical markets and vertical industries.
RIB Software AG is a German stock listed company engaged in the field of designing, developing, and offering technology for the construction industry worldwide. RIB Software’s product suite includes “iTWO” - the world’s first Big Data BIM 5D enterprise solution for the construction industry.
Combining iTWO and Byggeweb’s product offering, the consolidated entity will be able to offer a complete 6D enterprise solution for the construction industry.
Clearwater International acted as exclusive financial adviser for the sellers of Byggeweb.