We are pleased to announce that we have supported CMap to complete its first strategic acquisition. The business has acquired Atvero, a leading provider of document and email management software to Architects, Engineers & Construction (AEC) firms. Built on world-leading online business platforms SharePoint and Teams, Atvero streamlines document control, enabling its clients to improve quality, decrease risk and save time.
This acquisition represents another significant milestone for CMap since our investment in December 2019, and allows the business to broaden its product proposition for new and existing customers in the AEC market. Over the last three years we have supported CMap to accelerate growth in key sectors across the UK, enter new sectors and territories, further develop its product and continue to build out its team.
Dave Graham, CEO of CMap, said: “Bringing Atvero into the CMap family enables us to offer Architects, Engineers and Construction firms a unique proposition — the industry’s first cloud-based, best-of-breed project, document & email management solution.”
“Our combined offering helps free our clients from the day-to-day complexities of running their companies and lets them focus on what they love: delivering outstanding projects.”
Together, CMap and Atvero serve nearly 500 customers globally, and help them deliver over 100,000 projects annually. An integration between the two products is being released imminently, but each product will maintain its own independent roadmap and development team. Marcus Roberts, Director and Co-Founder of Atvero, will lead the Atvero business unit within CMap.
Dan Matkin, Director at NorthEdge, added: “Over the last few years, CMap has continued to establish a strong position in the AEC market, with a growing US presence. The acquisition of Atvero is a significant step in its growth journey as the business continues to scale, and we’re looking forward to supporting both the CMap and Atvero teams to fulfil their potential over the coming years.”
CMap’s acquisition represents the sixth bolt-on acquisition for our Technology portfolio over the last twelve months, including Correla’s acquisition of CloudKB, Distology’s acquisition of Squareball and three separate acquisitions for Catalis.