Category: Business/Financial

think project! set to expand

Thomas Bachmaier

Munich, Germany-based think project! group grew revenues 20% in 2018 and regards itself as Europe’s market leader in the SaaS construction collaboration market. Thomas Bachmaier, founder and CEO of Munich, Germany-based SaaS construction technology provider think project!, believes the business is set to grow even more strongly. Speaking during the first day of the group’s …

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Permanent link to this article: http://extranetevolution.com/2019/02/tthink-project-set-to-expand/

Rethinking construction contracts – blockchain, video?

IBM Blockchain slide

Could new digital technologies such as blockchain or even video contracts take some of the administrative complexity and friction out of construction project delivery? Construction has long been a highly contractual and often adversarial and litigious industry. Its resistance to change (along with its learned friends in the legal profession) has perpetuated the reliance upon …

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Permanent link to this article: http://extranetevolution.com/2019/02/rethinking-construction-contracts-blockchain-video/

TenderSpace rebrands: enter Copronet

David Stapleton

TenderSpace rebrands as Copronet, the latest UK attempt to build a construction industry business platform. It’s taken a couple of years, but the Dorset, UK-based construction business platform TenderSpace has finally changed its name, rebranding as Copronet. Soft-launched in early 2016, TenderSpace provided tools to connecting construction businesses at different stages of projects. Tools included …

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Permanent link to this article: http://extranetevolution.com/2019/02/tenderspace-rebrands-enter-copronet/

GenieBelt and Aproplan merge to form LetsBuild

Thomas Goubau and Klaus Nyengaard

Consolidation in the European SaaS/mobile construction software market as complementary solutions from GenieBelt and Aproplan combine, forming LetsBuild. Belgium-based construction software developer Aproplan and Denmark’s GenieBelt are to merge, creating a new business, LetsBuild, providing a “build phase end-to-end digital platform”. According to the joint news release, the (no cash) merger responds “to a rising …

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Permanent link to this article: http://extranetevolution.com/2019/01/geniebelt-and-aproplan-merge-to-form-letsbuild/

Autodesk buys BuildingConnected

BuildingConnect World

Autodesk’s December 2018 acquisition of the BuildingConnected bid management platform for US $275m embeds Autodesk in the US pre-construction sector. On 20 December 2018, just over a month after announcing it was acquiring US-based SaaS construction management developer Plangrid, Autodesk announced it was also acquiring another US company: BuildingConnected, for US$275m. This San Francisco-based company specialises …

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Permanent link to this article: http://extranetevolution.com/2019/01/autodesk-buys-buildingconnected/

BIMStore revamps

UK BIM Alliance product data report

UK-based BIM object library bimstore launched its new version 4.0 at an event at the Rocketspace venue in Islington, London yesterday (17 January 2019 – news release). Originally launched in 2011 by Newcastle-based architectural practice Space Group, bimstore claims to be the UK’s largest manufacturer-specific BIM library, and sits alongside the group’s consultancy business, BIM …

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Permanent link to this article: http://extranetevolution.com/2019/01/bimstore-revamps/

BIMtech provider Opentree acquired by Graitec

Andrew Frank

UK-based document and BIM process management software developer Opentree has been acquired by Graitec. Teesside, UK-based Opentree, a provider of enterprise document management solutions, has been acquired – for an undisclosed amount – by France-based Graitec, an Autodesk reseller and developer of BIM, fabrication and design software (it has a UK office in Southampton). Opentree’s …

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Permanent link to this article: http://extranetevolution.com/2019/01/opentree-acquired-by-graitec/

Deltek acquires Avitru

Avitru logo

Deltek has expanded its software offering to architectural and other design firms by acquiring US-based Avitru, a deal which brings with it an ongoing commercial partnership with the US architects body, the AIA. In yet another consolidation in the architecture, engineering and construction software space, Deltek, the ever-acquisitive Virginia, US-based ERP software vendor, has bought …

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Permanent link to this article: http://extranetevolution.com/2019/01/deltek-acquires-avitru/

A first look at ACCA’s usBIM CDE

usBIM environment

usBIM is a cloud-based BIM collaboration platform or common data environment (CDE) from Italian software developer ACCA, set to be launched in 2019. ACCA Based in Italy, about 40km east of Naples, ACCA is a software developer specialising in applications for the architectural, engineering and construction industries. Founded in 1989, it has been  developing solutions …

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Permanent link to this article: http://extranetevolution.com/2018/12/a-first-look-at-accas-usbim-cde/

Procore closes US$75m funding round

Carpinteria, California-based SaaS construction technology provider Procore has announced that it has closed a $75 million funding round led by Tiger Global Management (in October 2018, Tiger Global raised $3.75bn for its latest VC tech investment fund, surpassing its initial target of $3bn – FT). This round, which values the company at $3 billion (up from $1bn …

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Permanent link to this article: http://extranetevolution.com/2018/12/procore-closes-us75m-funding-round/

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