Computer Guidance Corporation, the leading developer of ERP software solutions for the construction industry, 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.
Safran’s world class software enables businesses to precisely plan and execute complex projects across industries including oil and gas, engineering and construction, aerospace and defense, utilities, and the public sector. Safran has offices in New York, London, and Oslo, with an international sales team based in the UK, and a network of partners and resellers.
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.
Safran will join a growing group of industry leading software makers within the JDM Technology Group. Known for its customer focus and commitment to creating exceptional software for the built environment and having acquired numerous companies since 2004, the JDM Technology Group has a proven strategy for integrating acquired companies into its existing infrastructure.
“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.
