German SaaS player reports 33% sales growth

Germany’s think project! reports strong 2015 sales as it confirms focus on BIM and digital collaboration.

Thinkproject-logothink project!, the Munich, Germany-based provider of AEC SaaS project collaboration technologies, grew its sales revenues in the year to 31 December 2015 by 33% to €25.4m – that’s around £19.8m or US$28.4m (see news release). In 2014, it reported group revenues of €20m (post).

The company still regards itself as “market leader for cross-enterprise collaboration within Germany and Europe and number two worldwide” – behind Australia-based Aconex. It argues that its near neighbour in Germany, Conject (which also has a substantial operation in the UK), is reliant on non-SaaS products for a proportion of its German revenues. In October 2015, I noted the closing gap between think project! and the Conject group, which in the year to 31 December 2014 generated revenues of €21.5m (could 2015 be the year that think project! finally tops Conject’s revenues?)

Collaboration 4.0

According to think project!, a major component of its surge is due to its EPLASS and planConnect brands – acquired in 2011 – which both occupy market-leading positions within their segments in Germany. More recently, in September 2015, think project! acquired a 60% stake in France-based Lascom AEC. Two months earlier in 2015, the company rolled-out its BIM Collaboration solutions (post), which it now describes as part of its “Collaboration 4.0 strategy” – similar to Industry 4.0 (as defined by Wikipedia):

“Collaboration 4.0 places digitalisation and networking to the forefront. Both strategies are seen by think project! as the success factors in construction projects. BIM as starting point for optimised collaboration and integrated digitalisation is a critical focus.”

Thomas Bachmaier, think project! CEO says:

Thomas Bachmaier“Within our core segment we see project collaboration as a key technology for the construction industry, above all due to the close integration of BIM. Therefore, we are continuing to place strong emphasis on further expanding digitalisation and networking. With the acquisition of Lascom AEC, we entered the French market for CEC in the construction sector, which also enabled us to further develop our international business and gain PLM expertise within the Group.”

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