US-based schedule analytics business, SmartPM, continues to grow, “despite the challenges the pandemic has presented in the marketplace”.
Some six years ago (January 2015 post), in a brief technology round-up, Extranet Evolution mentioned a US start-up, SmartPM Technologies. Today, the Atlanta, GA-based schedule analytics business says it is continuing to grow, “despite the challenges the pandemic has presented in the marketplace”.
The company says it closed another round of seed funding (US$785K) in record time at the end of 2020, and saw its greatest gains in new customers in December 2020, tripling its sales revenue. Additionally, the company plans to hire a number of new employees throughout 2021. Michael Pink, founder and CEO, says:
“We are thrilled at the growth we have achieved this year and grateful to the many clients who put their trust in SmartPM, as we increased our customer base by 250%. We also couldn’t be where we are without our investors and are positioned for a continuation of rapid growth in 2021.”
SmartPM serves businesses mainly in the US construction industry including general contractors, owners and owne-2019, r’s representatives, developer/builders, government entities, and some prominent insurance and consulting firms.
Launched in mid-2019, the business’s SmartPM product is said to be “the only cloud-based, schedule analytics software solution designed specifically for the construction industry. It is a first-of-its-kind, full-service project analytics system that extracts information from native schedule files [Primavera P6 and MS Project] and converts it into meaningful insights, which ultimately minimizes risk of cost exposure related to delays and overruns. SmartPM was designed by industry experts with one mission in mind: to provide stakeholders with the tools necessary to effectively control costs and schedules, and to keep projects off the path toward disputes.”
(EE covered some other project controls platforms in November 2018, following a Glimpse of the Future event in London. Incidentally, another ‘Glimpse’ is scheduled for 11 February 2021 – register here.)
Pricing-wise, the basic dashboard analytics SmartPM product costs US$69 per calendar month per project (paid annually); the more richly featured Premium product costs US$167pcm, and ‘Extremium’ is priced at US$250pcm.
Like 3D Repo (previous post), SmartPM is also integrated with the Procore project management platform, providing stakeholders with seamless access to SmartPM’s Project Oversight, Schedule Monitoring, and Forensic Delay Analysis capabilities directly from within the Procore system.