Specifi LLC to Acquire Schematic Ltd Business

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Global Food Equipment Specification Software Company reaches agreement with UK Innovator.

Chicago, IL – April 14, 2016 – Specifi LLC, the only global provider of end-to-end design information and solutions supporting the foodservice equipment specification process, announced today that it has agreed to purchase the business of Schematic Ltd, a UK-based supplier of Building Information Modeling (BIM) software, content creation and repository services.The terms of this agreement have not been disclosed.

“The acquisition of Schematic’s business reflects our commitment to the UK and broader European market, and is another example of our continued investment in providing the best software tools, value-added content creation services and one-stop, open, and standards-based repositories for the foodservice equipment specification process,” said Ed Marcheselli, Specifi’s CEO. “I am also very pleased that Stewart Millar will join the global Specifi management team.”Millar, the co-founder and technical director of Schematic, joins a well-recognized and influential team that includes Luca Salomoni, the founder and developer of MasterChef, now branded as Specifi.

“We are delighted to move forward with Specifi to create a single, global platform for BIM and the broader foodservice equipment sector,” said Millar.“The opportunity to join forces and leverage what we have achieved in the UK is exciting, and will be, for me, an important next chapter in my professional journey.”

As part of this acquisition, Specifi will take on the delivery and support of CESABIM, the UK Catering Equipment Suppliers Association (CESA) BIM resource library and EFCEMBIM the European Federation of Catering Equipment Manufacturers (EFCEM) library.EFCEM represents 8 European catering equipment national associations whose combined membership is over 500 companies.Both libraries will continue to be free for manufacturers to upload their resources and free for designers to download IFC, PDT and proprietary BIM resources.

Keith Warren, Director of CESA, said “CESA welcomes Specifi as our new partner to support and build on our extensive work with Schematic.Our members are committed to the success of BIM and we are active in supporting the work to develop global BIM standards. We look forward to participating in the broader global evolution that BIM will undergo and to maximizing the opportunity for equipment companies.”

About Specifi LLC

Specifi, headquartered in Chicago, Illinois, with offices in Venice, Italy, provides global content, repository and software solutions in support of the foodservice equipment specification and implementation process.It is owned by Wolters-Althoff Investments, LLC, (WAI) the investment arm of a US-based family office led by Robert Wolters, Jr. WAI manages several technology businesses related to the foodservice equipment sector, including Ignitor Labs, XDX Global, and Foodservice Equipment Reports.

About Schematic Ltd

Schematic is the Edinburgh, Scotland based services and software company founded by Stewart Millar and Joseph Smith to provide Building Information Modeling (BIM) capabilities to the European foodservice equipment industry.