PROCORE TECHNOLOGIES, INC. acquires Construction BI, LLC

PROCORE TECHNOLOGIES, INC. acquired Construction BI, LLC for approximately $1.1 million, a transaction completed in August 2019, structured as all cash.

Construction BI, LLC operates in Business intelligence / analytics, is based in Ohio, USA. Construction BI (“CBI”) is an Ohio limited liability company. Per the S-1, Procore completed the acquisition of CBI on August 8, 2019 by acquiring 100% of the outstanding voting interests for approximately $1.1 million in cash consideration; the purchase price was primarily allocated to developed technology intangible assets. The acquisition led to the release of Procore Analytics.

The purpose of this acquisition is to accelerate the development of the Company's business intelligence and data analytics solutions.

Analytics technology to seed Procore's BI roadmap. Technology became Procore Analytics; held as Construction BI, LLC subsidiary.

On August 8, 2019, the Company completed the acquisition of Construction BI, LLC, (“CBI”), an Ohio limited liability company, by acquiring 100% of the outstanding voting interests of CBI for approximately $1.1 million in cash consideration. The purchase price was primarily allocated to developed technology intangible assets.Procore Technologies, Form S-1 (filed 2020-02-28), Business Combinations note

Advisory firms were not disclosed for this transaction.

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