Trimble Navigation Limited
935 Stewart Drive
Post Office Box 3642
Sunnyvale, CA 94085
Trimble Acquires Manhattan Software to Expand Role in Facilities and Real Estate Management
Acquisition Unites Manhattan's Integrated Workplace Management System and Computer-Aided Facilities
Management Solutions with Trimble's Portfolio of Construction Management, Analytics and Visualization Tools
SUNNYVALE, Calif., Aug. 19, 2014—Trimble (NASDAQ: TRMB) announced today that it has acquired privately-held Manhattan Software, a leader in real estate and facility management software, headquartered in London. The acquisition extends its Trimble Buildings' portfolio of design-build-operate (DBO) solutions by providing building owners, facilities and real estate managers with integrated, end-to-end property, asset and facilities management systems. Financial terms were not disclosed.
The combination of Manhattan's software with Trimble's broad technology portfolio in positioning, Building Information Modeling (BIM), analytics and visualization accelerates Trimble's ability to deliver total lifecycle solutions that will allow owners and facilities managers to access data captured during the building planning, design, construction and renovation phases, thereby providing deeper insight, better operating decisions and better asset performance.
Manhattan Software provides on premise and software as a service (SaaS) solutions which include:
"Buildings are by nature spatial, making it essential for owners to visualize their usage, performance and costs," said Steve Vatidis, founder of Manhattan Software. "By combining Manhattan's leading IWMS and CAFM solutions with Trimble's depth of spatial and modeling technologies—including BIM, scanning, mobility and more—we are excited about our ability to redefine the future of workplace management innovation."
With locations in 35 countries and over 7,200 employees dedicated to providing solutions that make workers more productive, Trimble is well positioned to leverage its global footprint to expand and support Manhattan's growing client base. Manhattan Software will be reported in Trimble's Engineering and Construction Segment.
About Manhattan Software
Manhattan Software is a leader in real estate and facility management software. Manhattan is focused on improving the performance of clients' real estate and facilities, wherever they are located. Manhattan Software offers two product suites: Manhattan Integrated Workplace Management Solution (IWMS) and CenterStone, a leading Computer-Aided Facility Management (CAFM) software. As an integrated suite of products, Manhattan improves clients' performance by enabling seamless management of all aspects of their real estate operations and portfolio. Manhattan is an advanced, Web-based real estate lifecycle solution that readily integrates into an organization's existing infrastructure. Manhattan Software was a named a "leader" in the 2014 Gartner Magic Quadrant for IWMS. In addition, the company has recently been cited as one of the 100 Most Promising Big Data Companies by CIO Review.
With global headquarters located in the heart of London, Americas' headquarters in greater Boston, and a network of worldwide offices, Manhattan employs over 270 full time professionals and supports more than 350 clients in over 140 countries. Nearly half of Manhattan's clients are in the Fortune 1000.
For more information, visit: www.manhattansoftware.com.
About Trimble Buildings
Trimble Buildings, a part of Trimble's Engineering and Construction Segment, is a world leader in technology for construction project optimization across the DBO lifecycle. With solutions that span brands including Meridian Systems, SketchUp, Tekla, Trade Service, Vico Software, and WinEst, Trimble helps the construction industry improve productivity, increase efficiencies and maximize the profitability of projects, from simulation to renovation. Used in over 150 countries around the world and supported by a global dealer and distribution partner network, Trimble technology is a mainstay of the building industry. Information on Trimble Buildings' DBO portfolio is available at: http://buildings.trimble.com.
Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location—including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif.
This press release contains forward-looking statements regarding the business operations and prospects of Trimble, including the impact of the Manhattan Software acquisition on extending Trimble Buildings' portfolio of design-build-operate (BDO) solutions. These forward-looking statements are subject to change, and actual results may materially differ due to certain risks and uncertainties. Factors that could cause or contribute to changes in such forward-looking statements include, but are not limited to (i) realizing the anticipated benefits of the acquisition, (ii) Trimble's ability to combine Manhattan Software solutions with Trimble's broad technology portfolio and offer customers compelling solutions that achieve benefits throughout the full operational lifecycle of buildings, and (iii) the risks and uncertainties associated with unexpected expenditures or assumed liabilities that may be incurred as a result of the acquisition. More information about potential factors which could affect Trimble's business and financial results is set forth in reports filed with the SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward-looking statements are based on information available to Trimble as of the date hereof, and Trimble assumes no obligation to update such statements.
Media Contact: LeaAnn McNabb of Trimble: 408-481-7808408-481-7808