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- Infotech® Acquired by Diversis Capital Management
Infotech® Acquired by Diversis Capital Management
Slice of Construction Team
July 23, 2024
Key Highlights:
Infotech® acquired by Los Angeles-based Diversis Capital.
Infotech will continue as the official contractor for AASHTOWare Project™.
Will McClave remains as Infotech CEO.
Enhanced resources and expertise to accelerate product innovation.
Source (Business Wire)
Notable Quotes:
"Today is a monumental day for Infotech and our customers, and we look forward to supporting our users with the same relationship-focused mindset we have always prioritized."
"We’ve built a great company with great products and services, and Diversis will now help us accelerate our speed to market, enhance our solutions, and increase value to better serve current customers while also reaching a broader audience."
"Building on Infotech’s long-standing mission critical role in infrastructure construction, while leveraging our experience in project management software, tools for front line workers, and technology solutions serving state and federal government."
Our Take:
The acquisition of Infotech by Diversis Capital marks a significant milestone in the infrastructure construction software sector. Infotech's nearly 50-year legacy of serving state departments of transportation and other agencies with its innovative solutions will be further bolstered by Diversis' investment and expertise. This partnership is poised to accelerate the development of new technologies, enhancing the digital transformation of infrastructure construction. The continuity in leadership, with Will McClave remaining as CEO, ensures that Infotech's strategic vision and customer-focused approach will persist. This move not only strengthens Infotech's market position but also promises substantial advancements in tools and resources for construction professionals nationwide.