Category Archive: Business/Financial

Sep 16 2016

Geniebelt raises €2m funding

GenieBelt logo

TechCrunch reports that Copenhagen, Denmark-based construction Software-as-a-Service vendor GenieBelt has secured €2 million in new investment to ramp up marketing for its platform. TechCrunch says the round was led by Danish Solar A/S, a publicly listed European sourcing and services company operating within the electrical, heating and plumbing, and ventilation technology sectors. GenieBelt chairman Klaus Nyengaard, formerly CEO of …

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Permanent link to this article: http://extranetevolution.com/2016/09/geniebelt-raises-e2m-funding/

Sep 14 2016

Construction mainly technology laggards

KPMG report cover

A survey and report from management consultant KPMG International says less than one in 10 construction companies are at the sharp end of technology – most just follow, trying to keep up (survey also reported by Construction Enquirer and The Construction Index). KPMG talked to 218 senior construction executives, most of them working for major international …

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Permanent link to this article: http://extranetevolution.com/2016/09/construction-mainly-technology-laggards/

Sep 12 2016

Conject deal boosts Aconex revenue growth

Last month (23 August), Australia-based Software-as-a-Service construction collaboration software vendor Aconex announced its financial results for the year to 30 June 2016, revealing underlying organic revenue growth of 31%, with the acquisition of Conject (completed on 31 March 2016) boosting total revenue growth to 50%. Total Aconex revenue was Au$123.4 million (c. US$93.3m, £70.1m, €82.8m), compared with …

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Permanent link to this article: http://extranetevolution.com/2016/09/conject-deal-boosts-aconex-revenue-growth/

Sep 05 2016

Newforma gets connected

Jim Forester (Newforma)

Silos (both company and IT) have long inhibited collaboration in construction. Newforma’s ‘Connector’ strategy seeks to break them down. I recently wrote (16 August: Newforma now playing cloud catch-up?) about Newforma’s Cloud Services initiative, which has seen the vendor expand its extranet-type capabilities, complementing its original core on-premise, behind-the-firewall application. I spoke last Thursday to Newforma CEO …

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Permanent link to this article: http://extranetevolution.com/2016/09/newforma-gets-connected/

Aug 18 2016

COMIT: “Digitally building Britain”

COMITconf2106image

I have been involved with the UK-based construction technology membership organisation COMIT (Construction Opportunities for Mobile IT) for some years, and as mobile hardware and software become ever more important in the planning, design, construction, commissioning, handover and future operation and maintenance of built assets, so it has seen growing interest from its two main …

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Permanent link to this article: http://extranetevolution.com/2016/08/comit-digitally-building-britain/

Aug 17 2016

BIM Assure: cloud-based model checking

BIM Assure

In the upFront.Zine, Ralph Grabowski has a great article about a cloud-based BIM checking service, BIM Assure. The feature was written with Marty Chobot, VP of marketing at the system’s developer, a startup called Invicara with offices in Michigan in the US, India and Singapore. The application was also reviewed recently by Lachmi Khemlani in AECbytes. I won’t steal the …

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Permanent link to this article: http://extranetevolution.com/2016/08/bim-assure-cloud-based-model-checking/

Aug 16 2016

Newforma now playing cloud catch-up?

It’s over 10 years since my first posts about US-based construction provider Newforma, and during the intervening decade the company has executed a gradual, but now almost complete, about-turn. In June 2006, Newforma was dismissive of cloud-based applications: senior executives described project extranets as “digital landfills” and insisted that we now call Software-as-a-Service had no traction in …

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Permanent link to this article: http://extranetevolution.com/2016/08/newforma-now-playing-cloud-catch-up/

Aug 15 2016

Corecon increases its SME appeal

Corecon lead mgmt

California, US-based SaaS construction software vendor Corecon recently launched its ‘next generation’ construction software suite (read news release). Mainly targeting small and medium-sized businesses (numerically the largest sectors in most developed construction markets), the new version of Corecon features a new user interface that is said to increase speed and improve functionality, while speeding up implementation and …

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Permanent link to this article: http://extranetevolution.com/2016/08/corecon-increases-its-sme-appeal/

Aug 05 2016

Oracle building its construction offering

A Construction Index news story today about the Bank of England’s decision yesterday to reduce the central bank interest rate to 0.25% highlighted once again the UK construction industry’s poor record on prompt payment. It quotes the National Federation of Builders’s chief executive Richard Beresford: “The construction industry has the worst payment record of any …

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Permanent link to this article: http://extranetevolution.com/2016/08/oracle-building-its-construction-offering/

Jul 21 2016

Union Square acquired by Deltek

Deltek logo

In an echo of an earlier US/UK acquisition in the construction IT space, ERP vendor Deltek has acquired UK project management software vendor Union Square. Mostly, ExtranetEvolution focuses on Software-as-a-Service solutions and related applications in the architecture, engineering and construction sector. However, I do keep an eye on vendors whose software solutions occasionally either compete …

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Permanent link to this article: http://extranetevolution.com/2016/07/union-square-acquired-by-deltek/

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