Coaxis gets $76m investment from TA Associates
Coaxis Inc., parent company of Viewpoint Construction Software, announced Wednesday that it has received a $76 million minority investment from TA Associates, a global growth private equity firm with offices in Boston.
Viewpoint specializes in financial/accounting compliance, operational, project, and document management software for global construction companies.
Coaxis/Viewpoint, which is based in Portland, Ore., said 1,200 construction firms use its products.
According to industry data, the North American market for commercial contractors, heavy/civil contractors, and specialty subcontractors is a $275 billion-plus market.
Harry D. Taylor, a TA director, will join the Coaxis board of directors. Ashutosh Agrawal, a principal at TA, will also join the Coaxis board.