Jul 06 2021
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 …
Permanent link to this article: http://extranetevolution.com/2021/07/procore-expands-middle-east-north-africa/
Jun 29 2021
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 …
Permanent link to this article: http://extranetevolution.com/2021/06/causeway-secures-120m-expand/
Jun 11 2021
US AEC SaaS player Procore raised over $600m in its May 2021 IPO, but its global ambitions face significant competition. In February 2020, US-based construction Software-as-a-Service (SaaS) provider Procore filed its intention to make an initial public offering of its shares on the New York Stock Exchange. But the onset of the global COVID-19 pandemic …
Permanent link to this article: http://extranetevolution.com/2021/06/reflecting-procore-2021-ipo/
Apr 15 2021
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 …
Permanent link to this article: http://extranetevolution.com/2021/04/openbuilt-spreads-wings-transformation/
Feb 04 2021
One-time Styles & Wood subsidiary, iSite (formerly StoreData) has been acquired by a London-based ERP vendor, 7FC, and relaunched. The commercial real estate platform iSite, based in Nottingham, has been acquired by 7FC, a London-based digital transformation agency specialising in ERP systems (working with partners Microsoft and Oracle, among others). The move expands 7FC’s portfolio …
Permanent link to this article: http://extranetevolution.com/2021/02/uks-isite-acquired-by-7fc/
Aug 10 2020
Growing Africa’s BIM capabilities is facing new challenges due to COVID-19, but Exceptional BIM, an online learning portal backed by Asite, is aiming to maintain momentum. BIM adoption in southern Africa has historically lagged more developed markets such as Europe, the US and the Asia Pacific region (Dec 2016: South Africa lagging …). However, there …
Permanent link to this article: http://extranetevolution.com/2020/08/asite-supports-africa-exceptional-bim/
Jul 28 2020
A group of leading design practices have written an open letter to Andrew Anagnost, president and CEO of Autodesk to express concern at the increasing cost of ownership of Autodesk’s Revit software, its lack of development, and its poor support for interoperability. Seventeen well-known firms, including AHMM, Allies and Morrison, Aukett Swanke, Glenn Howells Architects, …
Permanent link to this article: http://extranetevolution.com/2020/07/design-firms-demand-change-at-autodesk/
Jun 24 2020
Asite CEO Nathan Doughty talks to Extranet Evolution about COVID-19, industry mergers and future prospects for the UK-based SaaS technology business. 2020 started on a tragic note at Asite. On 2 January, the independent London-based Software-as-a-Service construction collaboration technology vendor announced that Tony Ryan, Asite CEO, had died suddenly, aged 48. Chief operating officer, Nathan …
Permanent link to this article: http://extranetevolution.com/2020/06/nathan-doughtys-new-asite-era/
Apr 27 2020
With the UK coronavirus lockdown into its second month, construction software vendors are still trying to encourage new use of their applications. Since I first wrote about the impacts of the coronavirus shutdown on construction (Coronavirus, construction and software – 23 March 2020), there has been a constant stream of UK construction trade press coverage. …
Permanent link to this article: http://extranetevolution.com/2020/04/coronavirus-construction-impacts-and-software-offers-continue/
Mar 17 2020
Amid a continuing UK BIM discussion regarding use of ‘common data environments’, CDEs, Ireland’s BIMLauncher is already connecting some vendors’ platforms at a document-centric level. Truly connected BIM is a long way off, believes BIMLauncher CEO John Egan. In January 2020 (Towards connected data environments, CDEs), I wondered about the need for data exchange standards …
Permanent link to this article: http://extranetevolution.com/2020/03/open-cdes-and-bimlauncher/
