Category: Business/Financial

RedSky set to launch Project Connect platform

RedSky Project Connect

RedSky launches project collaboration platform, Project Connect, claiming potential 30-60% total cost savings against competing solutions. UK-based RedSky is set to launch a cloud-based construction document and process management platform, Project Connect, targeting its core market of small to medium-sized contractor customers. RedSky backstory Formed in 1978 and based in Hemel Hempstead, Hertfordshire, RedSky (until …

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Permanent link to this article: http://extranetevolution.com/2020/12/redsky-launch-project-connect-platform/

NBS acquired by Byggfakta

NBS Chorus devices

UK-based construction technology and product data provider NBS has been acquired by the Byggfakta Group, in a deal that also secures RIBA’s long-term future. NBS, the Newcastle-upon-Tyne, UK-based construction technology provider has been acquired by the Byggfakta Group, a leading Scandinavia-based data and software provider to the European construction industry. The deal (value undisclosed) has …

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Permanent link to this article: http://extranetevolution.com/2020/11/nbs-acquired-byggfakta/

Corecon upgrades estimating module

Corecon Estimating

California, US-based Corecon Technologies has upgraded its cloud-based construction estimating, project management and job cost software suite. The related fields of estimating and bid management have been hot topics among US construction SaaS technology providers in late 2020. For example, at its annual Groundbreak event earlier this month, California-based Procore announced the acquisition of Esticom, …

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Permanent link to this article: http://extranetevolution.com/2020/11/corecon-upgrades-estimating-module/

Autodesk Construction Cloud is reshaped

Autodesk Construction Cloud Products

Autodesk is expanding its Autodesk Construction Cloud, adding new products in 2021: Autodesk Build, Autodesk Quantify and Autodesk BIM Collaborate. Its BuildingConnected bidding platform has also been launched in the UK and Ireland Clouds are constantly moving and changing shape, and Autodesk’s cloud offering is no different. At this week’s virtual Autodesk University, Autodesk has …

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Permanent link to this article: http://extranetevolution.com/2020/11/autodesk-construction-cloud-is-reshaped/

EQT takes majority stake in thinkproject

thinkproject portfolio

European investment group EQT has taken a majority stake in Munich, Germany-based architecture, engineering and construction Software-as-a-Service provider thinkproject. The Stockholm, Sweden-based international investment group EQT has taken a majority stake in Munich, Germany-based architecture, engineering and construction Software-as-a-Service provider thinkproject (no financial details given). EQT investment Founded in 1994 and strongly associated with Sweden’s …

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Permanent link to this article: http://extranetevolution.com/2020/11/eqt-majority-stake-thinkproject/

Procore acquires estimating vendor Esticom, expands platform

Procore Lookaheads

Procore’s Groundbreak included news of a new acquisition – US estimating software provider Esticom – and a slew of product announcements, but no mention of the IPO, seemingly delayed due to the continuing impacts of the pandemic. The week after Bentley Systems’ Year in Infrastructure 2020 (see previous post) was Procore‘s annual Groundbreak event, also …

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Permanent link to this article: http://extranetevolution.com/2020/11/procore-acquires-estimating-esticom/

Bentley growing its construction collaboration toolset

Project Insights

Bentley Systems’ collaboration portfolio continues to grow, with NoteVault integrated into the SYNCHRO Field mobile app, new ProjectWise Insights, much “iTwin-enabling”, an entirely new SYNCHRO Cost application coming soon, and GroupBC being positioned as a capital project management platform for owners. Bentley Systems‘ Year In Infrastructure provides an annual opportunity to hear about updates to …

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Permanent link to this article: http://extranetevolution.com/2020/11/bentley-growing-its-construction-collaboration-toolset/

Bentley Systems acquires PCSG

Mark Bew

Bentley Systems’ Year In Infrastructure 2020 has started with news of an acquisition: PCSG, the UK-based consultancy chaired by former UK BIM Task Group head Mark Bew, has been bought by Bentley Systems. The Cohesive Companies, a digital integrator investment of the Acceleration Fund of Bentley Systems has acquired UK-based Professional Construction Strategies Group (PCSG) …

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Permanent link to this article: http://extranetevolution.com/2020/10/bentley-systems-acquires-pcsg/

Prin-D: a CDE for CDM

Prin-D graphic

Prin-D targets firms acting as Principal Designer under the UK’s Construction Design and Management (CDM) health and safety regulations. Via a blog post by Imanuel Steele on the IET website (Tackling record-keeping challenges in the construction industry with technology), I learned about Prin-D, a Manchester, UK-based startup established in 2017 that has developed a ‘CDM2015 …

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Permanent link to this article: http://extranetevolution.com/2020/10/prin-d-cde-cdm/

AECTechTV reaches milestone

AECTechTV 102 subscribers

AECTech TV, the video contech news magazine launched by “Extranet Evolution” and “AEC Business” on 4 September 2020, now has over 100 YouTube subscribers. They are modest milestones and it’s very early days, but AECTech TV, the video contech news magazine announced in late August (Covering the contech space: AECTech.TV) and launched on 4 September …

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Permanent link to this article: http://extranetevolution.com/2020/10/aectechtv-reaches-milestone/

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