The vendor that analysts say has the largest market share in supplying engineering software to the process plant industry has acquired a 25-year-old company with the most widely used pipe-stress analysis software, as well as a suite of 3D design tools for small-plant and project design. Huntsville, Ala.-based Intergraph closed the deal on Jan. 4 to purchase Houston-based COADE Holdings Inc., according to Patrick Holcomb, executive vice president of global business development in Intergraph’s process, power and marine division. COADE sold a majority stake of the firm in 2007 to Insight Venture Partners. No financial terms were disclosed. Intergraph was
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.