Tag: US

Procore IPO in for prolonged coronavirus lockdown?

Procore-Aconex integration

US construction collaboration SaaS technology provider Procore planned to offer its shares on the New York Stock Exchange in the near future, but its plans could be undermined by the coronavirus pandemic. On 28 February 2020, California, US-based construction collaboration SaaS technology provider Procore filed registration documents with the US Securities and Exchange Commission relating …

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Permanent link to this article: http://extranetevolution.com/2020/03/procore-ipo-prolonged-coronavirus-lockdown/

Coronavirus, construction and software

AEC investment in IT

The coronavirus pandemic could potentially shut down construction, with a catastrophic impact upon firms and workers, many of them self-employed. How can software firms help? As just about every nation is affected by the global coronavirus pandemic, entire industry sectors are facing unprecedented shutdowns. Construction is no exception. In some instances, the shutdown has been …

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Permanent link to this article: http://extranetevolution.com/2020/03/covid-19-construction-software/

Autodesk Construction Cloud adoption grows

Autodesk Construction Cloud

Autodesk Construction Cloud, launched in November 2019 (post), is gaining traction with owners, contractors and subcontractors across the construction industry, says Autodesk. The portfolio of software and services brings together Assemble, BIM 360, BuildingConnected and PlanGrid with Autodesk’s established design authoring tools, helping to connect headquarters, office and field teams to increase collaboration and productivity. …

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Permanent link to this article: http://extranetevolution.com/2020/03/autodesk-construction-cloud-adoption-grows/

Egnyte targets UK CDE market

Egnyte lifecycle ecosystem

Egnyte is targeting its enterprise file sync and sharing platform at architecture, engineering and construction, positioning itself as an ‘agnostic CDE’. Attending the first day of the FutureBuild 2020 trade show in London earlier this month, I noticed an Egnyte stand among the digital exhibitors. Stepping on to the stand, I briefly met Andrew Martin, …

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Permanent link to this article: http://extranetevolution.com/2020/03/egnyte-targets-uk-cde-market/

Bentley buys GroupBC

GroupBC screens

The latest consolidation in the global SaaS construction collaboration marketplace has seen Reading, UK-based GroupBC acquired by the US giant AEC software vendor Bentley Systems for an undisclosed amount. Jointly announcing the deal today (11 March 2020 news release), Bentley Systems says the two companies’ software solutions have been deployed for complementary purposes to improve project …

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Permanent link to this article: http://extranetevolution.com/2020/03/bentley-buys-groupbc/

Schneider Electric makes €1.4 bn bid for RIB Software

Proposed Schneider RIB fit

Directors of Stuttgart, Germany-based RIB Software have urged shareholders to agree a €1.4 billion bid from Schneider Electric. Stuttgart, Germany-based RIB Software, which has been expanding its footprint in the architecture, engineering and construction (AEC)  Software-as-a-Service space in recent years, is the subject of a €29 per RIB share from Schneider Electric, valuing the 1200-strong …

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Permanent link to this article: http://extranetevolution.com/2020/02/schneider-electric-acquisition-rib-software/

RIB invests in VIM AEC

VIM graphic

Germany’s RIB has invested in north America’s VIM AEC, an augmented reality startup founded by ex Revit executive Arol Wolford. After a busy 2019 during which Stuttgart-based RIB Software made several significant investments and acquisitions growing both its geographical footprint and its product portfolio, it has started 2020 in similar style (though few details of …

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Permanent link to this article: http://extranetevolution.com/2020/01/rib-invests-revit-pioneer-vim-aec/

Buildots: site visual data capture

buildots error demo

Tel Aviv-based Buildots uses 360-degree wearable cameras and AI for “automated detection of schedule and design discrepancies.” At October’s Digital Construction Week 2019 trade show in London, I spotted Israeli startup Buildots among the exhibitors. I didn’t have chance to learn more then, but the company presented at December’s COMIT community day (held in IFS‘s …

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Permanent link to this article: http://extranetevolution.com/2019/12/buildots-site-visual-data-capture/

Newforma acquires EleVia

Brock Philp, Newforma CEO

Newforma, the US-based provider of hybrid (on-premise and cloud) project information management technology backed since mid 2017 by Battery Ventures, has announced the acquisition of Minneapolis-based EleVia, a financial software company for the architecture and engineering vertical market (no deal value given). Founded in 2016, EleVia delivers and supports software that facilitates key financial and …

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Permanent link to this article: http://extranetevolution.com/2019/12/newforma-acquires-elevia/

Is contech a subset of proptech (or vice-versa)?

Industry digitisation in Europe

Some writers seem to regard contech as a small subset of proptech, but data created during asset delivery will be a foundation for many future proptech transactions. I recently subscribed to a proptech newsletter from James Dearsley’s online community Unissu, wanting to understand a little more about how the real estate world is developing, using …

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Permanent link to this article: http://extranetevolution.com/2019/11/contech-subset-proptech/

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