PMWeb, a Miami, FL-based provider of software and solutions for asset owners and project delivery organizations to effectively plan, build, and operate complex construction projects and asset portfolios, received a strategic growth investment from Bregal Sagempunt.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate its domestic and international growth through organic and M&A activity, and further enhance its position in the construction software industry.
Founded in 2017, PMWeb offers a comprehensive web-based solution that enables complex asset owners to plan, construct, and manage individual assets and portfolios spanning the full asset lifecycle. Its software is known for its focus on asset owners, combining planning, estimating, cost controls, document controls, scheduling, asset management, and visual workflow capabilities into a single, integrated platform, with multi-currency and multi-language support. It has expanded its blue-chip customer base across a diverse set of industries including transportation, education, healthcare, hospitality, financial services, and government, among other verticals.
As part of the transaction, the company has also announced that Founder and CEO Marc Jaude will be elevated to Chairman of the Board of Directors and that Huw Roberts has been appointed CEO. Terms of the transaction were not disclosed.
FinSMEs
15/11/2024