GCA Altium advises CMAP on its investment from NorthEdge Capital
CMAP provides a Software-as-a-Service (SaaS) based enterprise platform delivering integrated, cloud-based project management and project tracking software to clients across a range of sectors including professional services, architectural, engineering, healthcare, creative and consulting.
With offices in Wilmslow (UK) and Orlando (US), the CMAP platform has thousands of users in over 60 countries worldwide, with in excess of $4 billion of live projects currently being managed through the system. The company has grown at 40 per cent per annum over the past four years and currently has 50 employees, with plans to double headcount over the next three years.
The transaction is the 21st GCA Altium software deal announced in the last twelve months, with other transactions including the sale of cloud ERP software provider Acumatica to EQT and the sale of customer loyalty software provider CrowdTwist to Oracle.
Simon Lord, Managing Director at GCA Altium, said: “This deal has been a pleasure to be involved in as it comes at the perfect time in the Company’s evolution. The CMAP team have built a fantastic SaaS business with outstanding financial metrics and a roster of very impressive clients. It is now perfectly placed, in partnership with NorthEdge, to capitalise on the multiple growth opportunities it has created.”