Tag: Engineering

Feb 12 2018

Invicara CEO: “We need a new generation of CDE vendors”

Anand Mecheri (Invicara)

Invicara CEO Anand Mecheri is looking to shake-up the SaaS CDE market by stressing it’s all about data, not files. Last month (January 2018), construction products giant Kingspan announced a US$10 million investment in Invicara, the developer of BIM Assure, a cloud-based building information model checking application. Soon after that announcement, I talked to Invicara’s …

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Permanent link to this article: http://extranetevolution.com/2018/02/invicara-ceo-we-need-a-new-generation-of-cde-vendors/

Feb 05 2018

Trimble acquires e-Builder for $500m

Just over a month after Oracle bid US$1.2 billion for Aconex, Trimble has invested US$500m to buy one of Aconex’s US-based SaaS competitors, e-Builder. On Friday 2 February, Trimble announced (news release) it had acquired privately-held Florida, US-based SaaS construction project management vendor e-Builder for US$500 million (c. £357m or €403m). Trimble says “e-Builder extends Trimble’s …

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Permanent link to this article: http://extranetevolution.com/2018/02/trimble-acquires-e-builder-for-500m/

Jan 18 2018

Invicara gets $10m from Kingspan

Kingspan logo

Ireland-based building materials giant Kingspan invests US$10m in BIM technology supplier Invicara. Some 18 months ago, in August 2016, I wrote about BIM Assure, a cloud-based building information model checking service developed by the US-based Invicara. At the time this startup had offices in Ann Arbor in Michigan, plus India and Singapore, but it now …

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Permanent link to this article: http://extranetevolution.com/2018/01/invicara-gets-10m-from-kingspan/

Jan 10 2018

New CEO at GroupBC

Sanjeev Shah and Wes Simmons, GroupBC

Reading, UK-based SaaS collaboration vendor GroupBC has appointed construction software industry veteran Wes Simmons as its CEO. He succeeds Sanjeev Shah, who is taking on a new role in developing GroupBC’s strategic industry partnerships (see GroupBC news release). Simmons was until recently managing director of construction ERP vendor Eque2, where he grew the business from …

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Permanent link to this article: http://extranetevolution.com/2018/01/new-ceo-at-groupbc/

Jan 05 2018

Dalux targets BIM collaboration

Torben Dalgaard - CEO of Dalux

Copenhagen-based Dalux has capitalised upon Denmark’s early BIM adoption and the smartphone explosion to provide user-friendly BIM working, including augmented reality, on mobile devices. In late 2017, I met up with Torben Dalgaard, in 2005 one of the two cofounders of Copenhagen, Denmark-based Dalux, a 40-strong developer of mobile BIM and related Software-as-a-Service construction collaboration …

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Permanent link to this article: http://extranetevolution.com/2018/01/dalux-targets-bim-collaboration/

Dec 18 2017

Oracle to buy Aconex – reaction

Aconex share price to 18Dec2017

Admiration, apprehension, concern, excitement – SaaS construction collaboration vendors react to Oracle’s pitch to buy Aconex. Market reaction to Oracle’s Aconex acquisition announcement yesterday saw a predictable leap in Aconex’s share price on the Australian Securities Exchange. From Friday’s close of A$5.29, Aconex shares rocketed 44% to close at A$7.63 (just below Oracle’s offer price), …

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Permanent link to this article: http://extranetevolution.com/2017/12/oracle-to-buy-aconex-reaction/

Dec 17 2017

Oracle set to buy Aconex

US-based IT giant Oracle has announced it has offered to buy Melbourne, Australia-based Software-as-a-Service construction collaboration technology vendor Aconex, for Au$7.80 (Au$5.96) per share in cash, a deal valuing Aconex at approximately US$1.2 billion (c. Au$1.6bn, £0.9bn or €1.0bn). Project cost control The pre-internet giant has spent billions to compete in the cloud computing era – and this deal …

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Permanent link to this article: http://extranetevolution.com/2017/12/oracle-set-to-buy-aconex/

Oct 24 2017

New CFOs for Kykloud and think project!

Ralf Gruesshaber, think project! MD and CTO

UK-based SaaS proptech startup Kykloud and Munich, Germany’s SaaS construction collaboration technology vendor think project! have both appointed new chief finance officers. Kycloud appoints Norden Based in North Shields near Newcastle, Kykloud, a SaaS business providing cloud-based software for surveyors (its client base features eight of the top ten global surveying firms) and property asset …

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Permanent link to this article: http://extranetevolution.com/2017/10/new-cfos-for-kykloud-and-think-project/

Oct 18 2017

Viewpoint EMEA revenues up 30% in 2016

International collaboration vendor revenues

UK construction collaboration technology vendor Viewpoint grew revenues 30% in 2016 to £15.1m, reported a £2.5m profit, and is bullish about its 2017 prospects. Viewpoint‘s EMEA operation has shared its latest financial results with me, showing the Newcastle, UK-based SaaS construction collaboration technology vendor has increased revenues 30% year on year, in the year to …

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Permanent link to this article: http://extranetevolution.com/2017/10/viewpoint-emea-revenues-up-30-in-2016/

Oct 12 2017

ProjectWise suite expands

Projectwise logo

Bentley’s ProjectWise is past the tipping point in its transition from on-premise to being cloud-based, and is now the central part of an ‘ecosystem’ of cloud services. ProjectWise “is the ‘workhorse for work sharing’ by 43 of the ENR Top 50 Design Firms,” says a Bentley press release, indicating how far ProjectWise has grown from …

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Permanent link to this article: http://extranetevolution.com/2017/10/projectwise-suite-expands/

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