Trimble of Sunnyvale, Calif., announced it has acquired privately held XYZ Solutions Inc., of Alpharetta, Ga., in an all-cash transaction. XYZ Solutions provides real-time, interactive 3D intelligence software to manage the spatial aspects of a construction project. The software transforms data from various sources into actionable information that can be used in the decision-making process to reduce rework and improve productivity for engineering and construction professionals. Financial terms of the transaction were not disclosed.
XYZ Solutions' unique 3D software package allows users to model spatial information combined with positioning technologies to virtually see a construction site or asset--from anywhere, at any time--in a collaborative Internet-based environment. Within its interactive environment, decision support guidelines or business rules can be integrated into the solution set to virtually model "what-if" scenarios on a project in real-time increasing customer awareness and profitability. The acquisition of XYZ Solutions adds a 3D visualization component to Trimble's Connected Construction Site strategy, which is designed to provide significant efficiency improvements through a tighter integration of construction process information.
"The acquisition of XYZ Solutions is a natural extension of our positioning and machine control technologies," said Bryn Fosburgh, vice president of Trimble's Engineering and Construction segment. "The XYZ Solutions acquisition provides Trimble a real-time 3D visualization and decision-making tool to take our Connected Construction Site initiatives to the next level."
"We are pleased to join Trimble," said Derrick Darby, founder and CEO of XYZ Solutions. "The acquisition validates our best-in-class software technology and provides Trimble with a 3D visualization capability that allows engineering and construction professionals to manage spatial aspects of a project in real-time to improve productivity."
XYZ Solutions will be reported within Trimble's Engineering and Construction business segment.
