Viewpoint Announces Record Growth in 2018
PORTLAND, Ore. – January 31, 2019 – Viewpoint, a Trimble Company and construction management software leader announced today that 2018 was its strongest year in company history. The company achieved record performance in all major categories, including number of new customers, revenue, profitability and customer satisfaction. The results were anchored by a strong North America performance, increasing sales bookings by 36 percent year-over-year.
Viewpoint’s strong performance was driven by the new ViewpointOne product offering, which is the industry’s only fully integrated cloud-based construction management system that integrates operations across the office, team and field to improve project delivery and profitability. ViewpointOne integrates core ERP systems with HR management solutions, collaborative project management software and mobile field productivity tools. With modern, secure and scalable cloud and mobile technologies, Viewpoint is helping contractors to transform their businesses with advanced technology.
“2018 was a fantastic year for Viewpoint, said Chief Operating Officer Tom McNamara. “We are delivering on a global vision of supplying the construction industry with integrated software solutions that take advantage of modern cloud computing and forward-thinking technologies scaled for future growth. The industry is taking notice, and most importantly our clients are transforming their businesses and seeing higher levels of productivity and profitability, while lowering costs and reducing risk.”
Viewpoint has established itself as a leading provider of integrated construction software by driving significant investment in research and development, hiring some of the industry’s most experienced technology professionals and partnering with industry associations and other technology providers. The result as been a multi-year period of rapid growth — both organically and via acquisition.
“As we enter 2019, we are continuing to hire rapidly across all functions to support our next phase of growth. We now have nearly 425 employees here in Portland,” McNamara said. “With the advancements we have made in technology in 2018 and with our global workforce nearing 800, we’re well positioned to grow even more in the years ahead.”
Here is a look at some key 2018 highlights for Viewpoint:
- The company, through its April acquisition of Monrovia, Calif.-based Keystyle Data Solutions, launched three new cloud-based products for HR Management, Field Management and Financial Controls — popular cloud-based solutions with over 100 percent year-over-year growth and driving major impact to the efficiency of contractor operations.
- As the collaborative foundation of Viewpoint’s Office, Team and Field approach, the company’s Viewpoint Team™ project and document management solution saw immense success among clients, with a 480 percent increase in usage in 2018. Viewpoint Team enhances construction collaboration and connects the back office and field teams with the extended project team of subcontractors, owners, suppliers, architects, vendors and more.
- As Viewpoint’s client list has grown dramatically, so to has its annual user conference. Viewpoint’s Collaborate User Conference has become one of the construction industry’s premier technology events. Held in Portland each fall, last year’s Collaborate brought more than 2,500 clients, technology partners and industry experts to Portland, Oregon.
- The Technology Association of Oregon (TAO) named Viewpoint Enterprise Technology Company of the Year in May 2018. The award honors large, established companies that are leaders in both their industry and the broader technology community. Viewpoint was honored for its achievements over the past year, including significant new product developments, impact on industry trends, fostering the local technology ecosystem and community involvement.
Viewpoint business momentum was accelerated when Trimble acquired Viewpoint for $1.2 billion in late-April. As part of Trimble, Viewpoint has access to a deep pool of construction technology resources and is expanding research and development efforts, while providing its clients with more opportunities for technology integration throughout their organizations. With Viewpoint, Trimble is rapidly becoming the leading technology provider in construction, providing a Contructible Model that enables the use of data and real-time collaboration to optimize the entire design, build and operation lifecycle.
Despite the rapid growth and many changes in 2018, Viewpoint has remained focused on client success across all touch points. Viewpoint serves as a long-term technology partner for its nearly 8,000 clients, helping them achieve maximum ROI and adoption across the organization to drive not just productivity, but a real impact to business outcomes such as faster project delivery and improved profitability. Because of this Viewpoint maintains an annual retention rate of 97 percent and nearly half of Viewpoint clients have been with the company for a decade or longer.
“We have fantastic, smart clients who collaborate with Viewpoint on innovative ideas for how technology can improve the construction process. We partner with them to develop solutions that impact their business and the entire construction ecosystem,” said Manolis Kotzabasakis, Viewpoint CEO. “We understand construction — we’re embedded in every aspect of it with our clients every day. And that’s why the products resonate so well with contractors. Our growth and success is 100 percent an outcome of our clients having transformational business success with Viewpoint software.”
Viewpoint, a Trimble Company (NASDAQ: TRMB), is a leading global provider of integrated software solutions for the construction industry. Viewpoint software enables customers to integrate operations across the office, team and field to improve project profitability, enhance productivity, manage risk and effectively collaborate across the broad construction ecosystem. With nearly 8,000 clients, including more than 40 percent of the ENR 400, Viewpoint’s innovations are transforming the construction industry by fully integrating operations across financial and HR systems, project management tools and mobile field solutions. For more information, visit: viewpoint.com.