Trimble Acquires XYZ Solutions
SUNNYVALE, Calif.- Trimble announced that it has acquired privately-held XYZ Solutions Inc., of Alpharetta, Ga., in an all-cash transaction. XYZ Solutions provides real-time, interactive 3D intelligence software to manage the spatial aspects of a construction project. The software transforms data from various sources into actionable information that can be used in the decision making process to reduce rework and improve productivity for engineering and construction professionals. Financial terms of the transaction were not disclosed.
XYZ Solutions' unique 3D software package allows users to model spatial information combined with positioning technologies to virtually "see" a construction site or asset, from anywhere, at any time, in a collaborative Internet-based environment. Within its interactive environment, decision support guidelines or business rules can be integrated into the solution set to virtually model "what-if" scenarios on a project in real-time increasing customer awareness and profitability. The acquisition of XYZ Solutions adds a 3D visualization component to Trimble's Connected Construction Site strategy, which is designed to provide significant efficiency improvements through a tighter integration of construction process information.
"The acquisition of XYZ Solutions is a natural extension of our positioning and machine control technologies," said Bryn Fosburgh, vice president of Trimble's Engineering and Construction segment. "The XYZ Solutions acquisition provides Trimble a real-time 3D visualization and decision making tool to take our Connected Construction Site initiatives to the next level."
"We are pleased to join Trimble," said Derrick Darby, founder and CEO of XYZ Solutions. "The acquisition validates our best-in-class software technology and provides Trimble with a 3D visualization capability that allows engineering and construction professionals to manage spatial aspects of a project in real-time to improve productivity."
XYZ Solutions will be reported within Trimble's Engineering and Construction business segment.
The Connected Construction SiteA goal of Trimble's Connected Construction Site strategy is to improve construction project management by providing easy integration of project data and customized status information to the construction professional. Trimble has a range of solutions for the construction market including: pre-design construction planning software, design and data preparation, earthmoving grade control, site positioning, general and interior building and asset management. Through all phases of the construction process, Trimble provides productivity solutions to streamline work processes, minimize downtime and reduce re-work. XYZ Solutions software adds an interactive 3D visualization and decision making tool to manage the spatial aspects of a construction project in real-time.
About XYZ SolutionsXYZ Solutions, Inc. is a leading provider of real-time, interactive 3D graphical software. XYZ's products enable customers to see opportunities within their business by transforming disparate data into clear and actionable information. Through data consolidation, sequential decision support and intuitive 3D graphics, customers can visualize from nearly any vantage point a vast array of objects moving within a virtual environment. Utilizing XYZ's products, managers are able to visualize data in a manner that reflects the actual activity on the ground enabling them to make quicker, better informed decisions. Founded in 2000, XYZ is headquartered in Alpharetta, GA.
For more information, visit: www.xyzsolutions.com.
About TrimbleTrimble is a leading innovator of Global Positioning System (GPS) technology. In addition to providing advanced GPS components, Trimble augments GPS with other positioning technologies as well as wireless communications and software to create complete customer solutions. Trimble's worldwide presence and unique capabilities position the Company for growth in emerging applications including surveying, agriculture, machine guidance, fleet and asset management, wireless platforms, and telecommunications infrastructure. Founded in 1978 and headquartered in Sunnyvale, Calif., Trimble has more than 2,400 employees in more than 18 countries worldwide.
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