Coaxis, the parent company of Viewpoint Construction Software, a provider of financial/accounting compliance, operational, project and document management software to construction companies, today announced that it has received a $76 million minority investment from TA Associates.
Coaxis, through its Viewpoint subsidiary, provides software for mid-sized and large construction firms, including general contractors, heavy/highway and specialty subcontractors. Coaxis/Viewpoint now counts 1,200 construction firms using their products. The company is based in Portland, OR (www.coaxis.net) (www.viewpointcs.com).
“TA’s investment is a vote of confidence in a talented management team that is transforming the information technology available to the construction market,” said Harry Taylor, a Director at TA Associates who will join Coaxis’ Board of Directors. “We have monitored the company’s progress for some time, and our observations, conversations with Viewpoint customers and market validation indicate that their products, services, values and collaborative company culture all differentiate the firm in this growing market.”
TA Associates makes buyouts and minority recapitalizations of profitable growth companies in the technology, financial services, business services, healthcare and consumer industries. Since founding in 1968 TA has invested in over 400 companies globally and has raised more than $18 billion in capital. The firm has offices in Boston, MA; London, UK; Menlo Park, CA; and Mumbai, India (www.ta.com).