On July 19, 2023, Vitruvi Software, a notable provider of utility construction software solutions, announced its acquisition by the Software Growth Equity Team of Bow River Capital, a Denver-based asset manager. This acquisition, significant in terms of strategic value, aims to propel Vitruvi Software's expansion and innovation in its product offerings.

Vitruvi Software, known for its commitment to digitizing the construction industry, offers a robust cloud solution for digital construction management in network, power, and utility sectors. The acquisition by Bow River Capital's Software Growth Equity Team marks a pivotal moment, leveraging the Team's expertise, resources, and capital for Vitruvi's growth.

Bryan McIver, CEO of Vitruvi Software, expressed excitement about the partnership with Bow River Capital, noting the benefits of additional capital and resources to enhance their software and strengthen their market position in digital construction management for geospatial projects.

Bow River Capital, with its extensive experience in technology and history of partnering with innovative software companies, is seen as an ideal partner for Vitruvi Software. The firm's investment and strategic guidance are expected to accelerate Vitruvi's product development, market exploration, and customer experience enhancement.

Steve Joanis, Managing Director at Bow River Capital, acknowledged Vitruvi Software's impressive platform capabilities and growth potential in geospatial construction management digitization. He looked forward to supporting Vitruvi Software in its vision and reinforcing its status as a leading utility construction software provider.