PROCORE TECHNOLOGIES, INC. acquisition history.

Levelset is a software company that enables contractors and suppliers to efficiently manage their lien rights on construction projects, simplifying complex compliance workflows and the payment process. Over 250,000 users have deployed Levelset on more than 6.5 million construction projects. At announcement the purchase price was approximately $500 million (~$425 million cash and ~$75 million Procore common stock); the final preliminary purchase consideration disclosed in the FY2021 10-K totaled $484.1 million ($426.1 million cash and $58.0 million in common stock, 610,499 shares at $95.05).

LaborChart is a labor management solution that facilitates labor scheduling, forecasting, office-to-field communications, certification tracking, data management, and labor analysis. Per the FY2021 10-K, Procore completed the acquisition of all outstanding equity of LaborChart on October 21, 2021 for $76.2 million in cash purchase consideration.

Indus.ai is a Canada-based privately held company that offers an artificial intelligence-powered analytics platform to provide actionable insights for the construction industry. Per the FY2021 10-K, Procore acquired 100% of the outstanding voting interests in Indus on May 3, 2021 for purchase consideration of $24.3 million in cash, of which $4.1 million was held back to secure indemnification obligations.

Esticom provides an estimating solution which enables contractors to determine the quantities of materials needed from project plans and specifications, and calculate the cost estimates for the labor hours and materials required on a job. Per the FY2021 10-K, Procore acquired 100% of the outstanding voting interests of Esticom on October 14, 2020 for total purchase consideration of $15.1 million ($11.2 million cash and $3.9 million in common stock, 96,749 shares).

On February 3, 2020, Procore acquired intellectual properties, rights and agreements from Avata Intelligence Inc. for $3.8 million in cash consideration, and entered into employment agreements with the majority of Avata's employees (an acqui-hire of IP and talent). Purchase consideration was primarily allocated to developed technology intangible assets with an estimated fair value of $2.2 million.

Honest Buildings was an App Marketplace partner that already had an integration with Procore's platform and is a provider of financial and project management software for owners. Per the S-1, Procore entered into a Merger Agreement with Honest Buildings on July 30, 2019 to acquire all of its outstanding stock; total purchase consideration was $151.9 million ($51.4 million cash and $97.9 million fair value of Series H-1 redeemable convertible preferred stock, 3,660,203 shares at $26.75).

Construction BI (“CBI”) is an Ohio limited liability company. Per the S-1, Procore completed the acquisition of CBI on August 8, 2019 by acquiring 100% of the outstanding voting interests for approximately $1.1 million in cash consideration; the purchase price was primarily allocated to developed technology intangible assets. The acquisition led to the release of Procore Analytics.

Zimfly, Inc. (“Zimfly” or “BIManywhere”) is a privately held Delaware corporation with its principal offices in Alameda, California. Per the S-1, Procore completed the acquisition on September 19, 2018 by acquiring 100% of the outstanding voting interests for approximately $3.9 million in cash consideration (including deferred payments), which became the basis for Procore BIM.

Unearth Technologies is a geographic information systems (GIS) asset management platform that helps general contractors and infrastructure providers connect assets, data, and field teams, and was an existing App Marketplace partner. Per the FY2023 10-K, Procore completed the acquisition of all outstanding equity of Unearth on September 15, 2023, accounted for as an asset acquisition; the total value of developed technology acquired was $9.2 million, comprising $6.8 million in cash paid plus $2.3 million from the tax consequences of the transaction.