Golden Gate Capital has agreed to purchase 2020 Technologies, a software developer for interior space planning, from Vector Capital.
2020 provides digital applications and content used for interior space planning, retail and furniture manufacturing. The target’s software is used by professional designers, retailers and manufacturers to create kitchens, bathrooms, closets, homes and work spaces. 2020 has operational facilities in 11 countries with the company’s headquarters based in Westwood, Massachusetts and Laval, Quebec. Financial terms of the deal, which is expected to close in the second quarter of 2017, were not disclosed.