Category: Future

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/

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/

Bentley’s billion dollar buy: geoscience tech vendor Seequent

Seequent - Leapfrog software

Bentley Systems is spending around US$1 billion to buy New Zealand-based geoscience modelling software provider, Seequent. Bentley Systems has announced an investor-backed deal led by Accel-KKR to acquire Seequent. The Christchurch, New Zealand-based business specialises in geological and geophysical modeling, geotechnical stability, and cloud services for geodata management, visibility, and collaboration. The deal involves US$900 …

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Permanent link to this article: http://extranetevolution.com/2021/03/bentley-geoscience-seequent/

Microsoft Mesh mixed reality opens Bentley collaboration

Microsoft Mesh launch

Mixed Reality, XR, is supported by Microsoft through its development of its Mesh platform, with wider adoption enabled via open standards, benefiting industry partners such as AEC tech provider Bentley Systems. Two days before a call with Bentley Systems’ Greg Demchak, I watched Microsoft‘s online launch of its new Microsoft Mesh mixed reality platform (on …

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Permanent link to this article: http://extranetevolution.com/2021/03/microsoft-mesh-bentley-collaboration/

Bentley and Autodesk push ‘Digital Twin’ initiatives

Autodesk Tandem Screenshot

Bentley Systems has established a US$100M business to invest in digital twin technologies, while Autodesk has launched a new product, Tandem, supporting digital twins. Bentley iTwin Ventures For some years a champion of ‘digital twin’ thinking (see EE August 2019 post: Bentley pushes ‘Digital Twin’ into AEC mainstream), Bentley Systems has committed US$100M of venture …

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Permanent link to this article: http://extranetevolution.com/2020/11/bentley-autodesk-digital-twin/

Lessons from the NBS summit – BIM: the client is key

Integrate you bastards!

The NBS Construction Leaders Summit suggested that new impetus is needed to drive digital adoption forward, with clients identified as key agents to push industry change. Recently (14 October 2020), I supported the second day of the NBS Construction Leadership Summit (post).* This online event was organised by the Newcastle, UK-based provider of specification information …

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Permanent link to this article: http://extranetevolution.com/2020/10/bim-client-key-culture-technology/

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/

Making data standards more discoverable

RED Foundation report data standards visualisation

Finding the right information in the right format at the right time heightens the need for data standards, says a recent report from the UK’s RED Foundation. With the explosion in creation of data and the resulting challenges this poses for finding the right information in the right format at the right time, two recent …

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Permanent link to this article: http://extranetevolution.com/2020/10/making-data-standards-more-discoverable/

UK publishes National Data Strategy

National Data Strategy

The UK Government’s National Data Strategy underlines the needs to improve data interoperability and to develop agreed standards if we want more effective use of data across the built environment The UK Government has launched a National Data Strategy and has set out actions it will take to support the use of data in the …

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Permanent link to this article: http://extranetevolution.com/2020/09/uk-publishes-national-data-strategy/

Engineers seek ‘Good data for the public good’

Good Data for the Public Good

In ‘ Good Data for the Public Good”, the Institution of Engineering and Technology has called for AEC software vendors to adopt a more open approach to data in the 21st century. The UK-based Institution of Engineering and Technology (IET) paper, Good Data for the Public Good (downloadable here) has been written by members of …

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Permanent link to this article: http://extranetevolution.com/2020/08/engineers-seek-good-data-for-the-public-good/

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