Market Overview

Trimble Acquires Assets of Vico Software

Trimble (NASDAQ: TRMB) announced today that it has acquired assets of privately-held Vico Software, Inc. (Vico) of Boulder, Colorado, a recognized leader in 5D virtual construction software and consulting services. The asset acquisition extends Trimble's solutions for building construction and provides a platform to connect the information flow across the design-build-operate (DBO) lifecycle to improve cost management and optimize scheduling on complex building construction projects. Financial terms were not disclosed. 

"Vico's 5D Virtual Construction software solutions pioneered the category of 5D BIM for construction. With Vico's capabilities Trimble is uniquely positioned to participate in the industry's evolution from 2D to 5D management," said Bryn Fosburgh, Trimble vice president. "Vico provides an important contribution in that evolution by connecting data from the virtual aspects to the physical aspects of a building construction project. It becomes the connection point that binds Trimble's hardware and software suite of products together across the DBO lifecycle."

5D is a progressive step of the Building Information Modeling (BIM) process that provides a richer data context to 3D BIM. 5D intelligently links individual 3D model components with time and cost-related

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Posted-In: News Guidance Contracts Management M&A Global

 

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