think project! grows 13% in 2014

Thinkproject-logothink project!, the Munich, Germany-based provider of the SaaS project collaboration platform by the same name, grew group turnover in the year to 31 December 2014 by 13% to €20m (c. £15.8m; see news release), up from €17.2m in 2013 (post).

Vying once again with locally-based competitor Conject, plus other UK and US rivals, think project! regards itself as “the market leader in cross-enterprise collaboration within Germany and Europe, and number two worldwide” behind Australia-based Aconex. Such a claim may again be disputed by Conject (as its then CEO did in May 2013), but think project! asserts that some of Conject’s revenues arise from non-SaaS products.

Some 35% of total turnover at think project! was achieved through its international businesses (in Benelux, Austria, Switzerland, Spain and Poland).

The company highlights its development of a cross-enterprise solution for ‘BIM Collaboration’ (see post) enabling building information models to be linked with associated documents and integrated within different processes, and used directly within a browser. This is set to roll-out during the first half of 2015. think project! also highlights its new mobile interface (post), and a new RESTful API allowing customers access to the think project! backend to integrate their own applications and frontends. CEO Thomas Bachmaier says:

Thomas Bachmaier“We are very pleased with the business development of the think project! Group in 2014. With think project! BIM Collaboration, we have taken important directions towards our further development and market presence. Together with our other innovations, this considerable expansion of the think project! Collaboration Cloud will strengthen our market position and stimulate our growth in 2015. A focal point in 2015 will be further development of our international markets and our entry into new markets.”

think project! is available in 21 languages and is used by over 100,000 users across 8,000 projects in 40 countries.

Update (11 March 2014) – think project! has announced a relationship with Germany’s Fraunhofer IGD, where it will deploy the latter’s X3DOM software to quickly visualise large and complex digital 3D architecture models.

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  1. […] domestic market position, competing mainly against Conject, and grew its revenues 13% in 2014 (post) and 17% in 2013 (post). It has been developing building information modelling (BIM) capabilities […]

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