IFM Investors’ private equity Growth Fund has acquired a majority stake in Render Networks, a global provider of construction management Software as a Service (SaaS) solutions for builders and operators of telecommunications, energy and utility networks. IFM invested about A$40 million ($28 million) in the company, including growth capital.
Render’s client base includes fiber network utility operators such as Strata Networks, SpringNet and First Electric Co-operative in the United States and Wessex Internet in the United Kingdom. Render also services construction contractors and turnkey project managers, such as Irby Utilities and The Broadband Group and has a record with tier 1 delivery partners across Australia’s NBN rollout.
Render’s technology enables networks to be built as much as 30 percent faster and with as much as 50 percent less material waste and rework than traditional construction practices. With the recent $65 billion broadband infrastructure inv
