Maxwell Systems, Inc. Acquires Leading Heavy Construction Software Company, Cheetah Advanced Technologies, Inc.

Maxwell Systems, Inc., the nation’s leading provider of business management software to the construction and commercial property management industries, has acquired Cheetah Holdings, Inc. and its subsidiary, Cheetah Advanced Technologies, Inc., to become the dominant provider in the Heavy Highway market.

Through this transaction, Maxwell Systems will acquire, develop and market StreetSmarts, Cheetah’s flagship heavy construction software suite, and its accompanying services.

“As the construction software industry continues to evolve, we believe the combination of Maxwell Systems and Cheetah Advanced Technologies will deliver increased value to its customers and to the market,” says Jim Flynn, President and CEO of Maxwell Systems, Inc. “The addition of Cheetah’s StreetSmarts product to our offerings creates the strongest heavy construction software solution available in the market today. Bringing together the talent and industry expertise of both organizations establishes the scale and knowledge necessary to accelerate the delivery of innovative solutions, as well as world-class professional services and support, to the heavy construction market.”

This acquisition further strengthens Maxwell Systems’ domain expertise in the construction industry as a whole, while complementing its knowledge of the Heavy Highway, Utilities and Materials Management sectors. Maxwell Systems has more than 30 years of experience in the construction and property management industries and serves more than 5,500 customers and 30,000 users, representing more than $50 billion of contracts in construction market. The Maxwell and Cheetah combination assembles a new customer base of more than 600 Heavy Construction companies using Maxwell products.

“Cheetah is very excited to join the construction-industry leading software company,” says Bruce Greiner, CEO of Cheetah Advanced Technologies. “For Cheetah customers, this acquisition gives them an even stronger partner – a partner that has invested significantly in providing high quality, highly available customer support, a robust network of professional services staff and providers, and a broader market presence for growing StreetSmarts’ penetration in the market.”

“Cheetah customers should be certain of a bright future,” adds Greiner. “They not only gain the financial strength and stability of a leading construction solution provider, but also the support of Maxwell’s technology experts, extensive research and development resources, and advanced technology options to help increase their bottom line.

About Cheetah Advanced Technologies, Inc.:
Founded in 1996, Cheetah has been the market-leading provider of business management enterprise software solutions for the Heavy Highway, Utilities Construction and Materials Production industries. The company’s flagship product, StreetSmarts, offers a full range of software solutions and services targeted exclusively at meeting the needs of these industries. Serving an installed base of 240 customers throughout the United States and Canada, Cheetah has established a market leading reputation for excellence in functionality, services and support. Cheetah values its relationship with its customers and strives to help them manage costs, understand their financial performance and increase profitability.