Goodwin Procter recently advised Coaxis, Inc. and its subsidiary, Viewpoint Construction Software, on the cross border financing of its acquisition of 4Projects, a provider of secure online collaboration solutions for the building and infrastructure industries. As a result of the transaction, 61 employees from 4Projects will join the Viewpoint team and the company’s product portfolio will become available in the United States, Canada and Australia, Viewpoint’s primary markets.
Coaxis, a portfolio company of TA Associates, is a vertical-market, software- development and management company. Based in Portland, Ore., Coaxis employs a business model that utilizes company diversification to generate multiple revenue streams, allowing the company to benefit from economies-of-scale and use internally-generated capital to reinvest in and improve its leading edge solutions.
Viewpoint Construction Software, named Oregon's Best Software Company 2012 by TechAmerica, offers construction-specific enterprise resource planning, as well as point solutions including project and BIM collaboration, mobile field-to-office and enterprise content management. Viewpoint provides cloud, SaaS, and on-premise solutions throughout the United States, Canada and Australia.
4Projects, based in the United Kingdom, was established in 2000 and has a global presence through its network of partnerships. The company provides collaborative online software solutions to the architecture, engineering and construction sectors. Currently 18 of the top 20 UK construction contractors use 4Projects software.
In connection with the acquisition, Coaxis entered into a senior secured credit facility provided by Silicon Valley Bank and Wells Fargo and extended the maturity of its existing senior unsecured subordinated notes.
Goodwin Procter previously represented TA Associates in its investment in Coaxis.
The Goodwin team advising on the transaction was led by partner Laura Rupenian.
For additional information on the transaction, please read the Viewpoint press release.