WESTMINSTER, Colo., Jan. 4, 2023—Trimble has acquired Ryvit, an integration Platform-as-a-Service (iPaaS) provider for the construction industry. Launched in 2016, Ryvit builds connections between commonly used applications and data sources, enabling information sharing both within and across organizations so that project teams can use the right information to make the right decisions at the right time.
“The construction industry today is stymied by disparate data and technology solutions that don’t connect with one another, making it difficult to share information across departments and amongst project teams,” said Pete Large, senior vice president, Trimble Construction sector. “Ryvit provides a platform for software solution providers and construction stakeholders to rapidly build and deploy workflows, enabling the automatic flow of critical information across organizations and teams in real time. At Trimble, we believe that openness and interoperability are imperative to the future of the construction industry and are excited to extend Ryvit’s capabilities to more customers, applications and partners as we move the construction industry forward.”
Providing integrations that process millions of data records daily between different construction technology partners, Ryvit helps customers seamlessly integrate their data and coordinate their workflows for greater project visibility. All current Ryvit integrations are valuable components to an open, extensible ecosystem. These integrations will continue to be supported as part of Trimble Construction One, with the primary offerings from Ryvit undergoing a rebrand to Data Xchange and App Xchange. Data Xchange represents the contractor tools that allow end users to configure and manage their data flows between connected systems. App Xchange serves as the developer’s command center for connecting systems, building pre-configured dataflows, and onboarding new customers.
“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.”
Ryvit expands the capabilities of Trimble Construction One, a connected, cloud-based construction management platform that drives speed, efficiency and accuracy at each phase of the construction project lifecycle. Using Trimble Construction One, customers can leverage a purpose-built platform that provides the level of visibility needed—and previously hard to gain—on real-time project status and cash flow, leading to more confident project delivery overall.
“Trimble Construction One is built on the notion that connected, unified data is the future because it enables the industry to build projects better, faster, safer, cheaper and greener,” said Large. “The addition of Ryvit accelerates this notion even further by providing capabilities that will be supplied, supported and expanded upon more quickly given the collective strength of both organizations.”
About Ryvit
Ryvit deployed the first iPaaS for AEC to version-forward dataflow in construction. Ryvit’s iPaaS is the backbone by which Owners, Architects, Engineers, Developers, GCs, Subs, and Service Providers can share pertinent project information securely and immediately. By leveraging Ryvit’s iPaaS to build a robust integration profile around core tools, solution providers can massively increase speed to market, keep overhead low, and focus on the core competencies that make their tools standout from the pack. For more information, visit: ryvit.com.
About Trimble Construction
Trimble is developing technology, software and services that drive the digital transformation of construction with solutions that span the entire architecture, engineering and construction (AEC) industry. Empowering teams across the construction lifecycle, Trimble's innovative approach improves coordination and collaboration between stakeholders, teams, phases and processes. Trimble's Connected Construction strategy gives users control of their operations with best-in-class solutions and a common data environment. By automating work and transforming workflows, Trimble is enabling construction professionals to improve productivity, quality, transparency, safety, sustainability and deliver each project with confidence. For more information, visit: construction.trimble.com.
About Trimble
Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation. For more information about Trimble, visit: www.trimble.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the acquisition of Ryvit, the potential benefits to Trimble’s customers, and the integration and expansion of Ryvit’s offerings. These forward-looking statements are subject to change, and actual results may materially differ from those set forth in this news release 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) Trimble's inability to successfully integrate Ryvit’s solutions with Trimble's other solutions to deliver enhanced product offerings, (ii) failure to realize other anticipated benefits of the acquisition, and (iii) unexpected expenditures or assumed liabilities that may be incurred as a result of the acquisition. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements 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, such as statements regarding changes in economic conditions and the impact of competition. Undue reliance should not be placed on any forward-looking statement contained herein. These statements reflect Trimble's position as of the date of this news release. Trimble expressly disclaims any undertaking to release publicly any updates or revisions to any statements to reflect any change in Trimble's expectations or any change of events, conditions, or circumstances on which any such statement is based.
Media Contact: LeaAnn McNabb of Trimble: 408-481-7808
