Serra Capital III SBIC Company Ryvit Acquired by Trimble

Ryvit, the integration Platform-as-a-Service provider for the construction industry, announced this week that it has been acquired by Trimble. Trimble is an industrial technology company transforming the way the world works by delivering solutions that enables customers to thrive. The acquisition will accelerate and expand Trimble’s connected construction workflows.

“Ryvit has been relentlessly focused on transforming the construction industry into a more productive and profitable industry powered by data,” said Tom Stemm, chief executive officer of Ryvit. "Over the past seven years, we’ve done this by building a platform that connects data between some of the industry’s largest technology providers to improve efficiency and streamline workflows for construction. Trimble is similarly focused on becoming an industry-leading open platform provider so this acquisition is a perfect match for both companies, who share a similar mission and vision for the industries we serve.”

Serra invested in Ryvit 2019.