Sitetracker collaborates with Evercore for potential $1 billion sale - Bloomberg

Investing.com -- Sitetracker Inc., a software platform for managing infrastructure assets, is reportedly considering a sale that could potentially value the company at around $1 billion. The company is said to be working with Evercore Inc. to locate a suitable buyer, according to Bloomberg, citing unnamed sources close to the matter.

Private equity firms and industry competitors are among the potential buyers, as per the sources. However, they noted that the process is still in the early stages and there is a possibility that Sitetracker may choose to remain independent.

The core offering of Sitetracker is a cloud-based platform. This platform allows users to plan, construct, operate, and maintain physical assets. The company’s decision to explore a sale comes as it seeks to capitalize on its established infrastructure management solutions.

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