Trimble Acquires Vico Assets to Extend its Design-Build-Operate Capabilities for Building Construction Software to Add 5D Management to Trimble's Solutions for Vertical Construction Contractors
SUNNYVALE, Calif., Nov. 2, 2012 /PRNewswire/ -- Trimble (NASDAQ: TRMB) announced today that it has acquired assets of privately-held Vico Software, Inc. (Vico) of Boulder, Colorado, a recognized leader in 5D virtual construction software and consulting services. The asset acquisition extends Trimble's solutions for building construction and provides a platform to connect the information flow across the design-build-operate (DBO) lifecycle to improve cost management and optimize scheduling on complex building construction projects. Financial terms were not disclosed.
"Vico's 5D Virtual Construction software solutions pioneered the category of 5D BIM for construction. With Vico's capabilities Trimble is uniquely positioned to participate in the industry's evolution from 2D to 5D management," said Bryn Fosburgh, Trimble vice president. "Vico provides an important contribution in that evolution by connecting data from the virtual aspects to the physical aspects of a building construction project. It becomes the connection point that binds Trimble's hardware and software suite of products together across the DBO lifecycle."
5D is a progressive step of the Building Information Modeling (BIM) process that provides a richer data context to 3D BIM. 5D intelligently links individual 3D model components with time and cost-related information, enabling project owners and Architecture, Engineering and Construction (AEC) service providers to visualize the progression of construction activities and the related costs over time. This BIM-centric project management methodology connects cost, scope and schedule within a visual environment to provide contractors with the ability to proactively resolve issues and streamline project delivery.
"5D Management solutions help create a highly responsive, transparent and efficient construction supply chain," said Mark Sawyer, president and CEO of Vico. "Vico's acquisition by Trimble, the leader in delivering advanced technology to complex construction projects, will extend the value of our solutions inside a much broader product portfolio. Trimble has moved aggressively into this rapidly evolving technology segment, and together we are looking forward to driving the future of BIM for construction."
The Vico Software business will be reported in Trimble's Engineering and Construction Segment.
About Vico Software
Vico Software, Inc. provides software and services to the commercial construction industry. Building owners, general contractors and construction managers use Vico software and services to reduce risk, manage costs and optimize schedules on complex building projects. Vico's 5D Virtual Construction solutions pioneered the category of BIM for construction, and these solutions remain the industry's most integrated approach to coordination, quantity takeoff, cost estimation, project scheduling and production control. The new Vico Office product suite continues this tradition making it possible to leverage many important BIM file formats such as ArchiCAD, Revit, Tekla, CAD-Duct, IFC, 3D DWG and SketchUp. The benefits of Vico's solutions and services have been proven on hundreds of building projects to date, in over 30 countries.
For more information, visit the Vico at: www.vicosoftware.com.
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location: including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif.
For more information, visit: www.trimble.com.
Certain statements made in this press release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995.These statements involve risks and uncertainties, and actual events and results may differ materially from those described in this news release. Factors that could cause or contribute to such differences include, but are not limited to, Trimble's ability to successfully integrate Vico's products and services with Trimble solutions, maintain quality and improve future product offerings, and otherwise realize the anticipated benefits of the asset acquisition. Additional risks and uncertainties include: the risks inherent in integrating an acquisition; unanticipated expenditures, charges or assumed liabilities that may result from the acquisition; and managing commercial relationships. Information about potential factors which could affect Trimble's business and financial results is set forth in reports filed with the SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward looking statements are based on information available to Trimble as of the date hereof, and Trimble assumes no obligation to update such statements.