Infotech®, a pioneer in infrastructure construction software solutions, has announced its acquisition by Diversis Capital Management, LP, a prominent private equity firm specializing in software and technology-enabled services.
Founded in 1977, Infotech has played a pivotal role in the infrastructure sector, notably as the contractor for AASHTOWare Project™. This acquisition marks a strategic move to bolster innovation and expand product offerings amidst heightened federal funding for infrastructure projects. With Diversis Capital’s support, Infotech aims to accelerate the development of cutting-edge solutions tailored to meet the evolving needs of construction professionals nationwide.
“We’ve been integral to construction management for almost 50 years through our work as the AASHTOWare Project contractor, serving as critical advisors to nearly all state departments of transportation, as well as local agencies and engineering firms across the country,” said Tom Rothrock, Co-Founder of Infotech. “With Diversis, we look forward to enhancing our solutions and delivering greater value to our customers, while also advancing our market leadership.”
Infotech will continue its role as the official contractor for AASHTOWare Project, maintaining its commitment to excellence with a recent milestone of signing its 40th consecutive annual contract with AASHTO. Will McClave will continue to lead Infotech as CEO, ensuring continuity and driving forward the company’s strategic initiatives in partnership with Diversis.
“Diversis is excited to enter the rapidly growing infrastructure construction technology space through our partnership with Infotech,” commented Kevin Ma, Managing Partner of Diversis Capital. “Together, we aim to build upon Infotech’s legacy of excellence and leverage our collective expertise to drive innovation that supports the critical infrastructure needs of state and federal agencies.”
Infotech’s acquisition by Diversis Capital is expected to usher in a new phase of growth and innovation, positioning the company to capitalize on opportunities in the evolving construction technology landscape.
Editorial Opinion:
Infotech’s acquisition by Diversis Capital represents a significant opportunity for growth and innovation in the infrastructure construction sector. With decades of expertise and a strong foothold as the AASHTOWare Project contractor, Infotech is well-positioned to leverage Diversis Capital’s strategic guidance and financial backing to enhance its product offerings and expand its market reach. This partnership not only underscores Infotech’s commitment to advancing technology solutions in construction but also highlights its potential to drive industry-wide transformation. By focusing on innovation and customer-centric solutions, Infotech is poised to continue its leadership role in shaping the future of infrastructure development across the United States.
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