Nemetschek acquires RISA structural engineering software
The deals just keep coming — and I think AEC may be leading in volume for the year so far. Yesterday, Nemetschek SE announces that it will acquire the assets of RISA Technologies, makers of the eponymous RISA suite of structural engineering software, for $25 million. Nemetschek’s announcement says that RISA around 10,000 users, many in the US, a market in which Nemetschek is keen to expand.
Patrik Heider, spokesman and CFOO of the Nemetschek Group said, “RISA is perfectly complementing our existing solution portfolio for the AEC industry. The acquisition of RISA, in combination with the strong position of SCIA in Europe, allows us to take a leap forward in significantly strengthening our market share in the worldwide structural market.” SCIA Engineer is a multi-material structural design and analysis software is popular in Europe for office buildings, industrial plants and bridges. RISA is popular in North American for some of the same functionality. (Honestly, I’m not sure of the differences in the product sets; I’ll update once I find out.)
Bruce Bates, the founder of RISA will retire shortly after the acquisition, passing the CEO role to Amber Freund, RISA’s current COO. Ms. Freund says of the transitions, “I am excited to join the Nemetschek Group and the opportunities it provides to both our customers and our company. We look forward to collaborating with other Nemetschek brands to provide a comprehensive set of design tools for structural engineers.”
The announcement says that RISA anticipates revenue of around $7.5 million in 2017 — doing the math, that’s a revenue multiple purchase price of 3.33x.