A South Portland company that develops software for architects and the construction industry has been acquired by a company in Salt Lake City.

InterSpec, which employs about 20 people, developed a suite of software products under the name e-SPECS that speeds up the specification process using automation. The company, founded in 1998, was acquired by Arcom, an affiliate of San Francisco-based private equity firm Alpine Investors, for an undisclosed price.

Arcom develops and distributes software for the design and construction industry. MasterSpec is its best-known product, used by architects and engineers to customize designs and ensure accurate specifications. Executives from both companies say the acquisition allows for better integration of their software products, which will benefit customers.

“The 20 professional-level positions at InterSpec will stay at our offices in South Portland, and there is the real prospect of adding jobs in the near future,” said Matt Hoffner, chairman and managing director of InterSpec, in a news release announcing the acquisition. He also thanked the Maine Venture Fund, whose financing has helped InterSpec grow.

InterSpec founder Gilles Letourneau said the company’s revenue has been increasing by 20 to 25 percent annually for the past three years and that revenue is “in the millions” (as opposed to the tens of millions). He would not provide any further specifics about the company’s financials.


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