Category: Digital transformation

Building Safety Bill opens opportunities for Operance

Operance FM

UK software vendor Operance has been involved in the development of practical solutions to deliver ‘the Golden Thread’ as part of the UK Government’s Building Safety Bill. Much of the attention on this week’s (5 July 2021) publication of the UK Government’s Building Safety Bill has understandably focused on the ongoing repercussions of the 2017 …

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Procore expands into the Middle East and North Africa

Tooey Courtemanche, Procore CEO

Procore is expanding into the Middle East and North Africa through a strategic partnership with its Abu Dhabi-based investor Mubadala. Some six weeks after the May 2021 initial public offering (IPO) of its shares on the New York Stock Exchange (post), US-based construction management Software-as-a-Service (SaaS) provider Procore has continued its international extension. It has …

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Permanent link to this article: http://extranetevolution.com/2021/07/procore-expands-middle-east-north-africa/

viAct: AI-powered construction safety

viAct Danger Zones Alert

Recently receiving US$2m in seed funding, Hong Kong-based startup viAct is aiming to use artificial intelligence (AI) to create a “zero risk” smart construction site. Founded in 2016 and based in Hong Kong, viAct has developed an artificial intelligence (AI)-based cloud platform that provides construction sites with round-the-clock visual monitoring for quality, security, safety and …

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Permanent link to this article: http://extranetevolution.com/2021/06/viact-ai-powered-construction-safety/

Causeway secures £120m to expand

Phil Brown, CEO of Causeway

UK construction technology vendor Causeway plans strategic acquisitions and accelerated organic growth following £120 million Rothschild private equity injection. Causeway, the Buckinghamshire, UK-based construction technology group, has secured a £120 million (c US$166m or €139m)  investment from Five Arrows Principal Investments (the European corporate private equity arm of Rothschild & Co). The company says the …

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Permanent link to this article: http://extranetevolution.com/2021/06/causeway-secures-120m-expand/

Bentley Systems’ busy buying spree

Nadhi nPulse

Since buying Seequent in March, Bentley Systems has added several more software businesses to its portfolio, including an India-based mobile project controls business, Nadhi, and two IoT specialists. Bentley Systems has continued to expand its portfolio in recent months. Since investing around $900m in New Zealand-based geoscience modelling software provider, Seequent (post) in March 2021, …

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Permanent link to this article: http://extranetevolution.com/2021/06/bentley-systems-busy-buying-spree/

Checking in with Checkd

Tom-Erik von Krogh Martinsen, founder and CEO at Checkd.

Now a subsidiary of a VC-backed Swedish ERP business, Checkd enjoyed its best ever year in 2020, and is looking to continue its 50% year-on-year growth. Since first featuring in Extranet Evolution in January 2015 (Checkd mobile checked out), the Norwegian mobile-first and Software-as-a-Service (SaaS) construction application provider Checkd has, despite BIM advances, continued to …

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Permanent link to this article: http://extranetevolution.com/2021/06/checking-checkd/

FARO acquires Holobuilder

HoloBuilder JobWalk Planner

California-based Holobuilder, a pioneer in AEC 360-degree photogrammetry, has been acquired by FARO Technologies in a US$34 million deal. FARO Technologies has invested $US34 million to acquire HoloBuilder, the San Francisco, US-based 360-degree reality capture technology developer. The Florida, US-based corporation known for its 3D measurement, imaging, and realisation solutions for architecture, engineering and construction, says: …

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Permanent link to this article: http://extranetevolution.com/2021/06/faro-acquires-holobuilder/

Nemetschek invests in Sablono

The Nemetschek Group has participated in a series A financing round of the fast-growing German contech startup Sablono, while also expanding its own SaaS operations. Berlin, Germany-based Sablono, described by Nemetschek as a “market leader in digital lean technology for construction enterprises”, raised €5.3 million, and plans to accelerate its international growth (read news release). …

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Permanent link to this article: http://extranetevolution.com/2021/06/nemetschek-invests-sablono/

NBS Summit: accelerating digital transformation

Golden Thread initiative

April 2021’s NBS Construction Leaders’ Summit focused on the Construction Playbook, the climate emergency, building safety and the role of digital technologies across all three. Following its successful online Construction Leaders’ Summit in October 2020, Newcastle, UK-based technology and information services provider NBS (now owned by Byggfakta) held a follow-up event, again over two days, …

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Permanent link to this article: http://extranetevolution.com/2021/06/nbs-summit-accelerating-digital-transformation/

Openbuilt spreads its “wings of transformation”

OpenBuilt Architecture

OpenBuilt sees major IT players including IBM and Red Hat combining to develop a connectivity and automation platform for the built environment industry. OpenBuilt is positioned as “a connectivity and automation platform that enables businesses to work faster and more accurately with their existing software“. It has been launched by a group of businesses including …

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Permanent link to this article: http://extranetevolution.com/2021/04/openbuilt-spreads-wings-transformation/

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