At one time, Union Square Software Ltd was perceived as a competitor in the UK construction collaboration technology (or “project extranet”) market. However, these days it markets itself as a vendor of a construction-oriented “knowledge management and internal collaboration tool”, Workspace.
According to its latest trading statement, its revenues grew 34% in the year to 29 February 2008, and it now has over 100 customers. As the business files only abbreviated accounts as a small company, it is difficult to compare its financial performance against other AEC intranet vendors – which is a shame as MD Richard Vincent, while predicting 20% growth this year, seems to be predicting difficult trading conditions for Union Square’s competitors.
