CALGARY, AB, July 19, 2023 /PRNewswire/ – Vitruvi Program, a primary supplier of cutting-edge utility building computer software options, proudly announces its acquisition by the Software program Advancement Equity Crew of Bow River Capital, a Denver-primarily based alternate asset manager. This strategic move is established to gas Vitruvi Software’s expansion ideas and foster ongoing innovation in its solution offerings.
With a steadfast dedication to digitizing the design industry, Vitruvi Software program has created a person of the industry’s most highly effective and able cloud remedies for powering digital design administration in the network, ability and utility sectors. This acquisition by Bow River Capital’s Application Expansion Fairness Staff provides an fascinating option to leverage the Team’s industry and operational knowledge, sources, and cash to travel even greater progress for Vitruvi Software’s platform giving.
“We are thrilled to sign up for forces with Bow River Cash and embark on the upcoming chapter of Vitruvi Software’s journey,” mentioned Bryan McIver, CEO of Vitruvi Computer software. “This partnership will provide us with the required money and resources to further more enhance our application answer and solidify our place as products chief in digital building management for geospatial projects.”
Bow River Capital’s in depth expertise in the technological know-how sector and their history of partnering with ground breaking program firms make them the excellent spouse for Vitruvi Software package. The investment decision firm’s strategic advice and economical backing is intended to help Vitruvi Software to look for to accelerate merchandise development, pursue new marketplace possibilities, and greatly enhance buyer encounter.
“Vitruvi Application has shown extraordinary system abilities, an personal being familiar with of the digitization of geospatial development management, mixed with a substantial advancement trajectory,” stated Steve Joanis, Handling Director at Bow River Funds. “We are thrilled to collaborate with the gifted group at Vitruvi Computer software and present them with the important resources to drive their eyesight ahead. Alongside one another, we will endeavor to unlock new avenues for expansion and solidify Vitruvi Software’s placement as a major software company for utility construction.”
About Vitruvi™ Software
Vitruvi is an innovative utility development management software package that lets you to effectively take care of each and every part of your utility building undertaking. It really is an conclusion-to-conclude, GIS-based mostly system that connects all stakeholders, seamlessly, for unmatched challenge manage and collaboration. Vitruvi’s ideal-in-course operation spans the complete task develop: from scoping and setting up to reporting and close-out, integrating style facts with price and plan, supporting organizations enhance their operations, boost effectiveness, and push progress. Find out far more at www.vitruvisoftware.com.
About Bow River Cash
Started in 2003, Bow River Funds is a personal option asset management enterprise based mostly in Denver, Colorado targeted on investing in the decrease center current market in four asset lessons which includes computer software advancement equity, non-public credit score, non-public equity, and genuine estate. By its subsidiary Bow River Advisers, LLC, Bow River Capital also gives a registered, closed-conclusion mutual fund – Bow River Money Evergreen Fund (EVERX) – made to give institutional-quality private market obtain to a broader set of investors. Collectively, the Bow River Capital team has deployed Capital into diverse industries, asset lessons and throughout the funds framework.
Bow River Capital Evergreen Fund is distributed by Foreside Fiscal Solutions, LLC which is not affiliated with Bow River Money or its affiliates.
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