M&A Deal Summary

Procore Acquires Novorender

On May 20, 2025, Procore acquired software company Novorender

Acquisition Highlights
  • This is Procore’s 7th transaction in the Software sector.
  • This is Procore’s 1st transaction in Norway.

M&A Deal Summary

Date 2025-05-20
Target Novorender
Sector Software
Buyer(s) Procore
Deal Type Add-on Acquisition

Target

Novorender

Sandnes, Norway
Novorender is a software company that provides a cloud-based platform for visualizing and managing large-scale 3D and BIM data. Novorender was founded in 2016 and is based in Sandnes, Norway.

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Buyer(S) 1

Buyer

Procore

Carpinteria, California, United States

Category Company
Founded 2003
Sector Software
Employees4,203
Revenue 1.2B USD (2024)
DESCRIPTION

Procore is a provider of cloud-based applications for construction. Procore connects people, applications, and devices through a unified platform to help construction professionals manage risk and build quality projects safely, on time, and within budget. Procore has a diversified business model with products for project management, construction financials, quality & safety, and field productivity. Procore was formed in 2003 and is based in Carpinteria, California.


DEAL STATS #
Overall 8 of 8
Sector: Software M&A 7 of 7
Type: Add-on Acquisition M&A Deals 7 of 7
Country: Norway M&A 1 of 1
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-20 Flypaper

Grosse Pointe Farms, Michigan, United States

Flypaper is a developer of Flypaper, the Flash content creation platform. Flypaper empowers programmers and non-programmers alike to create, edit, share, track, and reuse high-impact Flash and video content. Flypaper is based in Grosse Pointe Farms, Michigan.

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