LAUSANNE, Switzerland, July 10,
2024 /CNW/ -- Revizto, a leader in collaboration
solutions for the Architecture, Engineering, Construction and
Operation (AECO) industry, today announced a minority investment
from global growth equity investor Summit Partners. The
partnership, which comes in the form of a secondary investment,
will focus on supporting Revizto's team expansion, product
development, and continued global growth.
Revizto launched its software in 2012 with a vision to transform
the AECO industry by providing an unparalleled Integrated
Collaboration Platform designed to help customers effortlessly turn
every project into reality. The company delivers a user-friendly,
cloud-based platform purpose-built to enable architects, engineers,
contractors and owners to collaborate in a 3D and 2D environment.
The platform is designed to be accessible to all project team
members, regardless of their technical skills or location —whether
in-office, on-site, or on any device. By providing a single source
of truth for construction collaboration, Revizto empowers project
stakeholders to speed up project delivery, reduce rework, and cut
costs. Today, Revizto serves over 260,000 users across more than
2,500 customers worldwide, including leading global firms such as
AECOM, Jacobs, McCarthy Building Companies, Mortenson, Consigli,
John Holland, Lendlease, Arup, and
Red Sea Global.
"I am thrilled to announce that Summit Partners has joined us in
our mission of revolutionizing collaboration by empowering project
teams to build better together," said Arman
Gukasyan, Founder and CEO of Revizto. "In Summit, we have
found a partner who shares our commitment and excitement for
digitizing the AECO industry, as well as an alignment with our
team's DNA and people-centric company culture. While we didn't need
funding, we are confident that this partnership will help propel
Revizto forward, providing perspective and resources that will
allow us to accelerate development and market expansion, while
maintaining a focus on delivering high-quality user-centric
solutions."
This partnership comes at a time of strong momentum, growth and
innovation for Revizto. The company's latest product
releases—including the launch of their groundbreaking Phone App and
built-in Clash Automation, Augmented Reality (AR), and QR code
generation functionality—underscore Revizto's commitment to deliver
leading technological advancements in the AECO sector. These
innovations are designed to enhance user experience and project
outcomes by enabling real-time collaboration and decision-making.
Additionally, Revizto was recently honored with Switzerland's Best Managed Companies award,
recognizing the company's overall business performance and
management practices, further validating its dedication to
excellence in the industry.
"As the number and complexity of construction and infrastructure
projects increases globally, we believe the AECO industry is ripe
for digitalization. With an innovative platform – differentiated by
its use of gaming technology, mobile accessibility and user-centric
features – Revizto has seen enthusiastic user adoption across
80,000 projects worldwide, driving impressive, profitable growth
for the past several years," said Antony Clavel, a Managing
Director with Summit Partners who has joined the Revizto Board of
Directors. "We truly believe Revizto is becoming the industry
standard among the largest and most respected construction and
engineering firms around the world, and we are excited to be a part
of the company's future as they continue to deliver solutions
needed to push the industry forward."
About Revizto
Revizto, a Swiss-based company, launched
coordination software for the Architecture, Engineering,
Construction & Operation (AECO) industry in 2012 and quickly
became the fastest-growing Integrated Collaboration Platform. Using
gaming technology and cloud solutions, Revizto provides a
collaboration platform for 3D and 2D workflows that enables users
to work and communicate with all project stakeholders in a unified
single environment. The platform is utilized globally for real-time
coordination, automated clash detection, and issue tracking
throughout the lifecycle of a building or infrastructure
project.
Revizto empowers teams to drive accountability, improve
timelines and maximize cost-savings by connecting contributors from
across platforms, model types and teams, from in-office, on-site,
and any device. As a result, thousands of firms around the world
are using Revizto to make better decisions and minimize rework.
For more information about Revizto, please
visit www.revizto.com or follow on LinkedIn.
About Summit Partners
Founded in 1984, Summit
Partners is a global alternative investment firm with capital
dedicated to growth equity, fixed income, and public equity
opportunities. Summit invests across growth sectors of the economy
and has invested in more than 550 companies in technology,
healthcare, and other growth industries. Summit maintains offices
in North America and Europe and invests in companies around the
world. For more information, please visit www.summitpartners.com or
follow on LinkedIn.
Media Contact: pr@revizto.com
SOURCE Revizto