Category: Business/Financial

Asite revenues up 20% in 2019

Asite BIM escalator

AEC SaaS technology vendor Asite grew its revenues 20% in the year to 30 June 2019. Could the London-based business be an acquisition target? In the year to 30 June 2019, London-based construction Software-as-a-Service vendor Asite grew its revenues by 20.4%, from just over £8m in 2018 (post) to £9.638m (c. US$12.6m or €11.43m. According …

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Permanent link to this article: http://extranetevolution.com/2020/01/asite-revenues-2019/

Permanent link to this article: http://extranetevolution.com/2020/01/common-approach-common-data-environments-cdes/

ThinkProject adds German reseller for DESITE BIM

DESITE from Ceapoint

thinkproject, the Munich, Germany-based provider of Software-as-a-Service technologies to the construction and engineering sectors, has announced a partnership with Mensch und Maschine Software (M+M – also known in English-speaking markets as Man and Machine). Under the deal, M+M – a 1000-strong supplier of computer-aided design and manufacturing, product data management, and building information modelling applications …

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Permanent link to this article: http://extranetevolution.com/2020/01/thinkproject-german-reseller/

Buildiro Direct launched in London

Buildiro Direct London reach

Buildiro launches a same-day delivery service for London-based tradespeople sourcing tools and materials from local builders’ merchants. Buildiro, positioning itself as “the world’s first mobile app for materials procurement” and launched in London in September 2019, is introducing a new service on Monday 20 January 2020, just under a year since the startup launched its …

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Permanent link to this article: http://extranetevolution.com/2020/01/buildiro-direct-launched-london/

Buildots: site visual data capture

buildots error demo

Tel Aviv-based Buildots uses 360-degree wearable cameras and AI for “automated detection of schedule and design discrepancies.” At October’s Digital Construction Week 2019 trade show in London, I spotted Israeli startup Buildots among the exhibitors. I didn’t have chance to learn more then, but the company presented at December’s COMIT community day (held in IFS‘s …

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Permanent link to this article: http://extranetevolution.com/2019/12/buildots-site-visual-data-capture/

Newforma acquires EleVia

Brock Philp, Newforma CEO

Newforma, the US-based provider of hybrid (on-premise and cloud) project information management technology backed since mid 2017 by Battery Ventures, has announced the acquisition of Minneapolis-based EleVia, a financial software company for the architecture and engineering vertical market (no deal value given). Founded in 2016, EleVia delivers and supports software that facilitates key financial and …

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Permanent link to this article: http://extranetevolution.com/2019/12/newforma-acquires-elevia/

Is contech a subset of proptech (or vice-versa)?

Industry digitisation in Europe

Some writers seem to regard contech as a small subset of proptech, but data created during asset delivery will be a foundation for many future proptech transactions. I recently subscribed to a proptech newsletter from James Dearsley’s online community Unissu, wanting to understand a little more about how the real estate world is developing, using …

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Permanent link to this article: http://extranetevolution.com/2019/11/contech-subset-proptech/

Hivemap startup pins hopes on cloud analytics

Hivemap issues

London-based startup Hivemap launched in early 2019, and is trying to disrupt the construction collaboration market by a focus on business data analytics. New Civil Engineer’s TechFest event in September 2019 featured a ‘Dragons’ Den’ style contest between five early stage technology businesses. Alongside the relatively mature EviFile* (see post) was a London-based company which …

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Permanent link to this article: http://extranetevolution.com/2019/11/hivemap-startup-cloud-analytics/

Plangrid: Slow digital adoption hampers productivity

Plangrid Digital Groundwork 2019 graphic

Slow adoption of digital technology on the construction site continues to hamper the productivity of UK construction firms says a PlanGrid report, while another UK report suggests digital transformation is well advanced. The industry’s digital maturity needs to be more rigorously assessed. A recent survey of UK construction professionals suggests productivity is being held back …

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Permanent link to this article: http://extranetevolution.com/2019/11/slow-digital-adoption-delays-productivity-improvement-says-plangrid/

RIB continues M&A programme

Datapine laptop image

Germany’s RIB Software has invested in another India-based software business, bought a German business intelligence specialist, and acquired an Australian reseller. Stuttgart, Germany-based RIB Software, provider of enterprise software for the building, construction and real estate industries, has made a flurry of recent announcements, including another investment in an India-based software business, the purchase of a …

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Permanent link to this article: http://extranetevolution.com/2019/11/rib-continues-ma-programme/

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