Computer Guidance Welcomes Safran Holding AS to JDM Technology Group
Acquisition adds breadth & depth to product lineup with new risk, project & portfolio management software
Scottsdale, Arizona—October 5, 2021— Computer Guidance Corporation, the leading developer of ERP software solutions for the construction industry, today announced that its parent company, JDM Technology Group, has acquired Safran Holding AS. The Norwegian-based software company provides powerful risk, project and portfolio management software specifically for the construction industry.
Majority shareholder Progressus, a PE fund, which invested in Safran in 2012, supported the company and its strategy to widen its software portfolio, increase geographical footprint, and diversify into industries beyond the oil and gas sector.
“We are very pleased to add Safran’s exceptional risk analysis and project management software to our portfolio,” said Jim McFarlane, CEO of the JDM Technology Group. “Our global buy and build strategy ensures that we will continue to grow Safran’s products, brand, and organization, and provide great service and support for its current and future customers. As a private, family business we focus on the long-term. This strategy continues to make the JDM Technology Group an excellent home for software companies.”
“Safran Holding AS has a well-established reputation as an industry-leading software provider in the construction space and we are proud to welcome them into the JDM family,” said Mike Bihlmeier, President, Computer Guidance Corporation.
Safran is a leading international risk, project, and portfolio management software company, headquartered in Stavanger, Norway. An international sales team based in the UK is supported by a network of international partners and resellers. Safran has additional offices in New York, London, and Oslo. Safran has a client portfolio of Fortune 500 Global customers, many from the Engineering & Construction, Energy, and Infrastructure & Transportation sectors, and new customers have been signed up globally both directly and through international partners and resellers. Since 1997, Safran has worked closely with its customers to understand the complex requirements of planning and project controls software. Risk management has been a key part of Safran’s value add and is a strong differentiator, and a new product was launched in early 2021 to further extend the range of the Risk portfolio.
About JDM Technology Group
JDM Technology Group is a global software business focused on delivering business software systems for the architecture, engineering, construction, and operations industries with over 150,000 users served in 40 countries on 7 continents, employing over 550 staff. The JDM Technology Group’s core philosophy is a long-term commitment to customer support and service coupled with providing the best possible solutions to customers. JDM Technology Group companies include CSSP, CostCon, LEVESYS, Nimbus, Plusfactor, and Spearhead Software in Australia and New Zealand; Computer Guidance Corporation, ConEst Software, Explorer Software, EPAC, IndustrySmarts, JOBPOWER, Maestro Technologies, MicroMain Corporation, MPulse Software, TeamWORKS, and Vision InfoSoft in North America; and Estimate, Integrity, RedSkyIT, and Rendra in the UK, Europe and the Middle East.
Progressus is a private equity investor providing capital and competence to growth companies in the technology sector. Progressus currently manages two private equity funds with a committed capital base of NOK 550 million. Safran is part of the Progressus II fund which now will be dissolved. After this transaction, Progressus now manages one portfolio company, add energy group. Progressus acquires controlling positions in businesses, and works closely with management teams to assist in expanding the businesses and driving growth plans. Progressus believes great companies are developed through excellent leadership and strong management teams. We stimulate management to inspire enthusiasm among customers, employees and business partners – to create a winning culture throughout the organization. The management team of Progressus joined forces with EV Private Equity in 2015.
About Computer Guidance Corporation
With over 20% of their clients represented on top ENR lists, Computer Guidance Corporation delivers the leading construction enterprise resource planning solution including financial and project management, #1 business intelligence, mobile, and enterprise content management. Scalable, customizable, and cloud-hosted, CGC serves thousands throughout North America. Computer Guidance Corporation is part of the JDM Technology Group, a global construction-specific software conglomerate that serves more than 500,000+ in 40 countries and 6 continents.