Category: AEC

Weather risk management platform EHAB raises investment

Josh Graham (EHAB)

EHAB, a UK-based weather risk management platform that helps construction companies reduce the cost of  weather interruptions, has raised further funding.  English start-up, EHAB aims to help construction companies identify and plan for weather-related risks using decades’ worth of weather data.  Its distributed ledger (blockchain) technology platform connects construction schedules produced in Primavera P6 to …

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Permanent link to this article: https://extranetevolution.com/2021/01/weather-risk-management-platform-ehab-raises-investment/

NBS’s new owner Byggfakta buys Glenigan

Byggfakta Stefan Lindqvist

Byggfakta is acquiring Glenigan, the UK-based provider of construction and property business intelligence and data analytics, in its second UK deal in late 2020. Norway-based Byggfakta Group has swiftly followed up on its first UK acquisition – of Newcastle-based construction technology and product data provider NBS in November 2020 (post) – by announcing on 15 …

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Permanent link to this article: https://extranetevolution.com/2020/12/nbss-new-owner-byggfakta-buys-glenigan/

Aerial data capture by Nearmap

Nearmap aerial view of Illinois expressway

In 12 years, Nearmap has grown from a Western Australian aerial imagery startup into a AU$106M business with extensive operations in the US. Founded by Stuart Nixon in Perth, Western Australia, in 2008, Nearmap provides a cost-effective and high resolution aerial photography alternative to data from satellite imagery services such as Google Earth or drone-captured …

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Permanent link to this article: https://extranetevolution.com/2020/12/aerial-data-capture-nearmap/

RedSky set to launch Project Connect platform

RedSky Project Connect

RedSky launches project collaboration platform, Project Connect, claiming potential 30-60% total cost savings against competing solutions. UK-based RedSky is set to launch a cloud-based construction document and process management platform, Project Connect, targeting its core market of small to medium-sized contractor customers. RedSky backstory Formed in 1978 and based in Hemel Hempstead, Hertfordshire, RedSky (until …

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Permanent link to this article: https://extranetevolution.com/2020/12/redsky-launch-project-connect-platform/

NBS acquired by Byggfakta

NBS Chorus devices

UK-based construction technology and product data provider NBS has been acquired by the Byggfakta Group, in a deal that also secures RIBA’s long-term future. NBS, the Newcastle-upon-Tyne, UK-based construction technology provider has been acquired by the Byggfakta Group, a leading Scandinavia-based data and software provider to the European construction industry. The deal (value undisclosed) has …

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Permanent link to this article: https://extranetevolution.com/2020/11/nbs-acquired-byggfakta/

Corecon upgrades estimating module

Corecon Estimating

California, US-based Corecon Technologies has upgraded its cloud-based construction estimating, project management and job cost software suite. The related fields of estimating and bid management have been hot topics among US construction SaaS technology providers in late 2020. For example, at its annual Groundbreak event earlier this month, California-based Procore announced the acquisition of Esticom, …

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Permanent link to this article: https://extranetevolution.com/2020/11/corecon-upgrades-estimating-module/

Autodesk Construction Cloud is reshaped

Autodesk Construction Cloud Products

Autodesk is expanding its Autodesk Construction Cloud, adding new products in 2021: Autodesk Build, Autodesk Quantify and Autodesk BIM Collaborate. Its BuildingConnected bidding platform has also been launched in the UK and Ireland Clouds are constantly moving and changing shape, and Autodesk’s cloud offering is no different. At this week’s virtual Autodesk University, Autodesk has …

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Permanent link to this article: https://extranetevolution.com/2020/11/autodesk-construction-cloud-is-reshaped/

Bentley and Autodesk push ‘Digital Twin’ initiatives

Autodesk Tandem Screenshot

Bentley Systems has established a US$100M business to invest in digital twin technologies, while Autodesk has launched a new product, Tandem, supporting digital twins. Bentley iTwin Ventures For some years a champion of ‘digital twin’ thinking (see EE August 2019 post: Bentley pushes ‘Digital Twin’ into AEC mainstream), Bentley Systems has committed US$100M of venture …

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Permanent link to this article: https://extranetevolution.com/2020/11/bentley-autodesk-digital-twin/

EQT takes majority stake in thinkproject

thinkproject portfolio

European investment group EQT has taken a majority stake in Munich, Germany-based architecture, engineering and construction Software-as-a-Service provider thinkproject. The Stockholm, Sweden-based international investment group EQT has taken a majority stake in Munich, Germany-based architecture, engineering and construction Software-as-a-Service provider thinkproject (no financial details given). EQT investment Founded in 1994 and strongly associated with Sweden’s …

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Permanent link to this article: https://extranetevolution.com/2020/11/eqt-majority-stake-thinkproject/

Procore acquires estimating vendor Esticom, expands platform

Procore Lookaheads

Procore’s Groundbreak included news of a new acquisition – US estimating software provider Esticom – and a slew of product announcements, but no mention of the IPO, seemingly delayed due to the continuing impacts of the pandemic. The week after Bentley Systems’ Year in Infrastructure 2020 (see previous post) was Procore‘s annual Groundbreak event, also …

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Permanent link to this article: https://extranetevolution.com/2020/11/procore-acquires-estimating-esticom/

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