Code & Co. conducted Tech & Product Due Diligence for BuildTec Software Group, a portfolio company of funds managed by Bregal Unternehmerkapital (“BU”), on its investment in Glaser, a construction planning software provider

Code & Co. advises BU and BuildTec Software Group (“BuildTec”) ahead of its investment in Glaser, a specialist in the development of construction planning software. Glaser provides industrial mixed reality, 3D modeling and its flagship CAD software, ISBCAD, for construction firms.

Scope of Work

Code & Co. performed Tech & Product Due Diligence for BU and BuildTec.

The scope included analyzing Glaser’s ISBCAD software, a well-established CAD design software, and its other portfolio products.

Code & Co. performed a comprehensive evaluation focusing on product architecture, scalability, technical stack, and security. This analysis extended to examining the efficiency of engineering processes, the proficiency of the team, technical debt considerations, and the strategic direction outlined by the product vision and roadmap.

About Glaser

GLASER, founded in 1978, is a leading software company in Germany that specializes in developing and selling software and hardware solutions for construction planning. Headquartered in Hanover, and founder-led, GLASER focuses on the sale of 2D and 3D CAD solutions for structural engineering. With its core product ISBCAD, the 3D modeler Tekla Structures, the mixed reality construction helmet Trible XR10, and the custom development of efficient software, GLASER has more than 4,000 international customers in the building, architecture, engineering, and construction industries.

About BuildTec Software Group

With its portfolio of several leading software brands in the construction technology sector, BuildTec Software Group is on its way to becoming the leading European platform for software solutions, supporting more than 20,000 customers. BuildTec is committed to supporting the construction industry with reliable solutions that help its customers overcome the challenges of a converging industry. With solutions in the areas of construction ERP, timber construction, stair construction and sheet metal processing, BuildTec covers several key areas along the construction industry value chain. Renowned brands such as SEMA, Compass, Powerbird, Sitara, E-Komplet and WGsystem are the preferred tools used by thousands of companies every day. In order to continuously expand its market position and always offer customers innovative solutions, the BuildTec Software Group invests an average of 15% of its sales annually in the further development of solutions at its locations in Wildpoldsried, Dortmund, Aarlborg and Monheim.

About Bregal Unternehmerkapital

Bregal Unternehmerkapital („BU“) is a leading family-backed investment firm with offices in Zug, Munich and Milan. As a part of a family-owned business that has grown over several generations, the BU funds invest in mid-sized companies based in Germany, Austria, Switzerland, and Northern Italy. With the mission to be the partner of choice for entrepreneurs and family-owned businesses, BU seeks to partner with market leaders and „hidden champions“ with strong management teams and outbreak potential. Since its founding in 2015, the funds managed by BU have invested over €2.9 billion in more than 100 companies, supporting over 25,000 employees, and working in partnership with entrepreneurs and families to develop, internationalize, and digitize their businesses, while helping them generate sustainable value on a responsible basis with the next generation in mind.

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