Category: SaaS

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/

Plan early with Plannerly

Plannerly Verify Module

The California-based Plannerly SaaS platform provides a ‘virtual BIM expert’ to help teams create and deliver leaner, smarter BIM processes and outcomes. While based in California, BIM management SaaS software provider Plannerly has some strong UK connections, having been started by some of the ex-Graphisoft people who founded Vico Software in Woking, Surrey in the …

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Permanent link to this article: http://extranetevolution.com/2020/10/plan-early-plannerly/

Former ‘Facebook for Construction’, FieldLens closing

FieldLens

FieldLens, the New York City-based mobile construction management technology provider, acquired by WeWork in June 2017, is set to shut down. FieldLens, the New York City-based mobile construction management technology provider once dubbed the “Facebook of Construction” is said to be closing down. The business largely disappeared after being acquired by WeWork in June 2017 (FieldLens acquired …

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Permanent link to this article: http://extranetevolution.com/2020/09/former-facebook-construction-fieldlens-closing/

Norway’s Fonn attracts $3m, targets UK and US

Fonn devices

Fonn, a Norwegian sofware startup raises $3m to help fund its continued expansion in US, UK and European housebuilding markets. Norwegian construction SaaS software startup Fonn has announced a US$3m (c. €2.5m or £2.25m) funding round led by Oslo-based venture capital firm Idekapital. Aidiom, Investinor, Skagerak Maturo and Oxer Kapital were co-investors in the business, …

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Permanent link to this article: http://extranetevolution.com/2020/09/norways-fonn-attracts-3m-targets-uk-us/

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