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MIAMI--(BUSINESS WIRE)--Nov 14, 2024--
PMWeb, LLC (“PMWeb” or the “Company”), a leading global provider of software and solutions for asset owners and project delivery organizations to effectively plan, build, and operate complex construction projects and asset portfolios, today announced a strategic growth investment from Bregal Sagemount (“Sagemount”), a leading growth-focused private capital firm. As part of the transaction, the Company has also announced that Founder and CEO Marc Jaude will be elevated to Chairman of the Board of Directors and that Huw Roberts has been appointed CEO. Terms of the transaction were not disclosed.
Huw Roberts is recognized in the industry for his strategic vision and impactful leadership. Huw brings a wealth of strong industry endorsements and a steadfast commitment to prioritizing PMWeb’s customers. He joins after having most recently served as CEO of Graphisoft and throughout his career he has held pivotal executive positions at prominent technology firms, including Bentley Systems, Accruent, Nemetschek, and BlueCielo. Huw’s career is marked by a consistent track record of guiding high-profile, global organizations through transformative change, driving sustainable growth, and delivering value to all stakeholders.
Marc Jaude, Founder of PMWeb, said, "Transitioning from CEO to Chairman is a pivotal step in stewarding the future of PMWeb and I am thrilled to welcome a visionary new leader who shares our commitment to continued growth and innovation. Together with Huw and the investment from Sagemount we are setting the stage for a new era, building on the strong foundation we have created and fueling our Company's next chapter.”
Huw Roberts added, "I am honored to join PMWeb and lead our mission to deliver compelling software solutions that ensure well-managed construction assets and projects worldwide. PMWeb’s innovative approach and strong market presence make this an exciting and compelling next chapter in my career, and I look forward to collaborating closely with Marc, Sagemount, and the entire PMWeb team and our customers to help drive continued growth and success.”
Founded in 2007 and headquartered in Miami, Florida, PMWeb offers a comprehensive web-based solution that enables complex asset owners to plan, construct, and manage individual assets and portfolios spanning the full asset lifecycle. The Company's software is well known for its focus on asset owners, combining planning, estimating, cost controls, document controls, scheduling, asset management, and visual workflow capabilities into a single, integrated platform, with multi-currency and multi-language support. PMWeb has successfully expanded its blue-chip customer base across a diverse set of industries including transportation, education, healthcare, hospitality, financial services, and government, among other verticals. The investment from Sagemount will aim to accelerate PMWeb's domestic and international growth through organic and M&A activity, further enhance its leading position in the construction software industry, and help the Company continue to provide a best-in-class experience for their customers.
Covington Associates served as the financial advisor to PMWeb, and Goodwin Procter acted as the legal advisor to Sagemount.
About PMWeb:
PMWeb is a global leading provider of portfolio, program and project management information system (PMIS) solutions for capital construction. Trusted by many Global Fortune 500 companies and government agencies, PMWeb streamlines project delivery, enhances collaboration, and provide real-time insights across various industry verticals. PMWeb's distinguished customers include Harvard University, Brookfield, Blue Origin, Netflix, Atlanta International Airport, Port of Los Angeles, Zeiss, Texas Instruments, State of Connecticut, and the United Nations, to name a few. PMWeb is headquartered in Miami and serving customers worldwide. For more information, visit the PMWeb website: www.PMWeb.com or follow us on LinkedIn.
About Bregal Sagemount:
Bregal Sagemount is a leading growth-focused private capital firm with more than $7.5 billion of cumulative capital raised. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount has invested in over 70 companies in a variety of sectors, including software, information / data services, financial technology & financial services, digital infrastructure, healthcare IT, and business & consumer services. The firm has offices in New York, Palo Alto, and Dallas. For more information, visit the Sagemount website: www.sagemount.com or follow us on LinkedIn.
View source version on businesswire.com:https://www.businesswire.com/news/home/20241114563703/en/
CONTACT: PMWeb
Scott Fluhrer
Director of Marketing
scott.fluhrer@pmweb.comSagemount
Jillian Hazelton
Head of Marketing & Communications
jillian.hazelton@bregal.com
KEYWORD: FLORIDA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY OTHER CONSTRUCTION & PROPERTY CONSTRUCTION & PROPERTY
SOURCE: PMWeb, LLC
Copyright Business Wire 2024.
PUB: 11/14/2024 06:17 PM/DISC: 11/14/2024 06:17 PM
http://www.businesswire.com/news/home/20241114563703/en