PROCORE TECHNOLOGIES, INC. acquires Zimfly, Inc. (BIManywhere)

PROCORE TECHNOLOGIES, INC. acquired Zimfly, Inc. (BIManywhere) for approximately $3.9 million, a transaction completed in September 2018, structured as all cash.

Zimfly, Inc. (BIManywhere) operates in Building information modeling (BIM), is based in Alameda, California, USA. Zimfly, Inc. (“Zimfly” or “BIManywhere”) is a privately held Delaware corporation with its principal offices in Alameda, California. Per the S-1, Procore completed the acquisition on September 19, 2018 by acquiring 100% of the outstanding voting interests for approximately $3.9 million in cash consideration (including deferred payments), which became the basis for Procore BIM.

The Company's primary reason for this acquisition was to increase the Company's technology capabilities in building information modeling (“BIM”).

BIM technology to add 3D modeling capabilities to the platform. Goodwill of $0.4 million attributable to synergies expected from integration of Zimfly. Technology launched as Procore BIM in 2019.

On September 19, 2018, the Company completed the acquisition of Zimfly, Inc. (“Zimfly” or “BIManywhere”), a privately held Delaware corporation with its principal offices in Alameda, California by acquiring 100% of the outstanding voting interests in Zimfly for approximately $3.9 million in cash consideration. The Company's primary reason for this acquisition was to increase the Company's technology capabilities in building information modeling.Procore Technologies, Form S-1 (filed 2020-02-28), Business Combinations note

Advisory firms were not disclosed for this transaction.

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