In a strategic partnership set to revolutionize the infrastructure construction technology sector, Diversis Capital Management, LP has successfully acquired Infotech, a longstanding leader in software solutions for infrastructure construction. This acquisition aims to accelerate innovative product development, enhance existing solutions, and expand Infotech’s market presence, tapping into the growing demand driven by increasing federal infrastructure funding. By leveraging the expertise and resources of Diversis Capital, Infotech is poised to bring new efficiencies and capabilities to the construction management industry, further solidifying its leadership role in this critical field.
Infotech’s Legacy and Market Position
Founded in 1977, Infotech has solidified its standing over nearly five decades as a pivotal player in the infrastructure construction industry. Renowned for its comprehensive suite of bidding and construction management tools, Infotech’s offerings include industry staples like Appia, Bid Express, and Doc Express. The company’s expertise extends to its role as the official contractor for AASHTOWare Project, reaffirming its critical function within the sector. Infotech’s long-standing relationships with state departments of transportation (DOTs), local agencies, and engineering firms have further entrenched its importance. These relationships have allowed Infotech to build a robust user base, ensuring the company’s tools and solutions are integral to daily operations in infrastructure construction management. The breadth and depth of Infotech’s software solutions make it a cornerstone in the construction management space, trusted for its reliability and innovation. The company’s tools are known for streamlining complex processes, improving efficiency, and ensuring transparency in project execution. With nearly five decades of experience, Infotech has continuously adapted to meet the evolving needs of its clients, maintaining relevancy and leadership in the market.Strategic Implications of Diversis Capital Involvement
Diversis Capital, a private equity firm established in 2013, brings substantial resources and expertise to Infotech. Known for its focus on software and technology-enabled services, Diversis’ collaborative investment approach is designed to add unique value and support long-term growth. This aligns seamlessly with Infotech’s vision of driving innovation in infrastructure construction technology. Diversis Capital’s involvement is expected to yield several key benefits. Firstly, the enhanced resources will significantly speed up the time to market for new products and solutions, ensuring Infotech remains responsive to the evolving needs of the industry. Secondly, the strategic expertise provided will support the improvement of current solutions, offering more value to Infotech’s existing customer base. Lastly, Diversis Capital’s participation will enable Infotech to expand its market reach, catering to a broader audience and meeting the rising demands for digital delivery within the construction sector. The infusion of capital and strategic insight from Diversis is anticipated to propel Infotech to new heights of innovation and service efficiency, transforming the landscape of infrastructure construction technology.Leadership Perspectives on the Acquisition
Kevin Ma, Co-Founder and Managing Partner of Diversis Capital, expressed his enthusiasm for entering the infrastructure construction technology space through this acquisition. Ma underscored Diversis’ commitment to building upon Infotech’s indispensable role in the industry. He noted that Diversis’ experience in project management software, tools for frontline workers, and technological solutions for government agencies would be instrumental in this partnership. This strategic alignment positions both companies to leverage their strengths effectively, fostering an environment ripe for innovation and growth.From Infotech’s side, Co-Founder Tom Rothrock emphasized the company’s nearly 50-year history of leading in construction management. Rothrock expressed confidence that Diversis would help propel Infotech’s innovation speed, enhancing solutions and increasing value for customers. His remarks highlight Infotech’s dedication to maintaining its foundational mission while embracing new growth opportunities. Will McClave, the current CEO of Infotech, also voiced optimism regarding the acquisition. McClave reiterated Infotech’s commitment to its relationship-focused approach and expressed excitement about the future possibilities that Diversis’ strategic expertise and resources would unlock. His leadership is expected to ensure continuity and stability as Infotech embarks on this new chapter.Diversis Capital’s Partnership Philosophy and Track Record
Diversis Capital’s strong track record of partnering with founder-run companies and scaling them to achieve market leadership positions further strengthens the strategic alignment with Infotech. Diversis’ experience in the government technology space, with multiple investments in software businesses serving state and local governments, adds another layer of synergy. This acquisition by Diversis symbolizes a transformative moment for Infotech, providing the additional resources required to fulfill the increasing demand for efficient, transparent, and data-driven project management tools.By leveraging Diversis’ strategic expertise, Infotech is poised to enhance its solutions and drive forward innovations that will benefit all stakeholders in the infrastructure construction sector. Diversis Capital’s collaborative investment philosophy focuses on long-term value creation, ensuring that their partners not only achieve but also sustain market leadership. This commitment to strategic growth and innovation aligns perfectly with Infotech’s vision, promising a future where both companies can mutually benefit from their synergistic partnership.Continuity and Future Prospects
In a groundbreaking strategic partnership, Diversis Capital Management, LP has acquired Infotech, a leading provider of software solutions for infrastructure construction. This acquisition aims to fast-track cutting-edge product development, refine existing tools, and broaden Infotech’s market footprint, capitalizing on the increased federal spending on infrastructure. By leveraging Diversis Capital’s resources and expertise, Infotech is set to deliver new efficiencies and advanced capabilities to the construction management sector, reinforcing its role as a leader in this vital industry. Founded in 1977, Infotech has spent nearly five decades establishing itself as a key player in infrastructure construction. Known for its comprehensive suite of bidding and construction management tools—like Appia, Bid Express, and Doc Express—the company has earned a stellar reputation. It also serves as the official contractor for AASHTOWare Project, highlighting its critical role within the sector. Infotech’s long-term collaborations with state departments of transportation, local agencies, and engineering firms have cemented its significance in the industry.
