Jul 07 2021
UK software vendor Operance has been involved in the development of practical solutions to deliver ‘the Golden Thread’ as part of the UK Government’s Building Safety Bill. Much of the attention on this week’s (5 July 2021) publication of the UK Government’s Building Safety Bill has understandably focused on the ongoing repercussions of the 2017 …
Permanent link to this article: https://extranetevolution.com/2021/07/building-safety-bill-opens-opportunities-operance/
Jul 06 2021
Procore is expanding into the Middle East and North Africa through a strategic partnership with its Abu Dhabi-based investor Mubadala. Some six weeks after the May 2021 initial public offering (IPO) of its shares on the New York Stock Exchange (post), US-based construction management Software-as-a-Service (SaaS) provider Procore has continued its international extension. It has …
Permanent link to this article: https://extranetevolution.com/2021/07/procore-expands-middle-east-north-africa/
Jul 06 2021
Stuttgart, Germany-based RIB Software − since July 2020 part of French multinational Schneider Electric (post) − has announced that René Wolf will become managing director and CEO of the company with effect from 1 February 2022, succeeding Tom Wolf, who will step down as MD on 31 March 2022. René Wolf, 47, has many years of …
Permanent link to this article: https://extranetevolution.com/2021/07/rib-software-leadership-changes/
Jun 30 2021
Recently receiving US$2m in seed funding, Hong Kong-based startup viAct is aiming to use artificial intelligence (AI) to create a “zero risk” smart construction site. Founded in 2016 and based in Hong Kong, viAct has developed an artificial intelligence (AI)-based cloud platform that provides construction sites with round-the-clock visual monitoring for quality, security, safety and …
Permanent link to this article: https://extranetevolution.com/2021/06/viact-ai-powered-construction-safety/
Jun 29 2021
UK construction technology vendor Causeway plans strategic acquisitions and accelerated organic growth following £120 million Rothschild private equity injection. Causeway, the Buckinghamshire, UK-based construction technology group, has secured a £120 million (c US$166m or €139m) investment from Five Arrows Principal Investments (the European corporate private equity arm of Rothschild & Co). The company says the …
Permanent link to this article: https://extranetevolution.com/2021/06/causeway-secures-120m-expand/
Jun 23 2021
Since buying Seequent in March, Bentley Systems has added several more software businesses to its portfolio, including an India-based mobile project controls business, Nadhi, and two IoT specialists. Bentley Systems has continued to expand its portfolio in recent months. Since investing around $900m in New Zealand-based geoscience modelling software provider, Seequent (post) in March 2021, …
Permanent link to this article: https://extranetevolution.com/2021/06/bentley-systems-busy-buying-spree/
Jun 11 2021
US AEC SaaS player Procore raised over $600m in its May 2021 IPO, but its global ambitions face significant competition. In February 2020, US-based construction Software-as-a-Service (SaaS) provider Procore filed its intention to make an initial public offering of its shares on the New York Stock Exchange. But the onset of the global COVID-19 pandemic …
Permanent link to this article: https://extranetevolution.com/2021/06/reflecting-procore-2021-ipo/
Jun 09 2021
Rennes, France-based Script & Go is looking to establish itself in the UK with a new focus on the house-building sector, capitalising upon its strong experience in this sector in France. Based in Rennes in north-west France, Script & Go, previously best known in the UK for its Site Diary application (Script&Go’s Site Diary revamped …
Permanent link to this article: https://extranetevolution.com/2021/06/scriptgo-relaunch-uk-housebuilder/
Jun 08 2021
Now a subsidiary of a VC-backed Swedish ERP business, Checkd enjoyed its best ever year in 2020, and is looking to continue its 50% year-on-year growth. Since first featuring in Extranet Evolution in January 2015 (Checkd mobile checked out), the Norwegian mobile-first and Software-as-a-Service (SaaS) construction application provider Checkd has, despite BIM advances, continued to …
Permanent link to this article: https://extranetevolution.com/2021/06/checking-checkd/
Jun 07 2021
California-based Holobuilder, a pioneer in AEC 360-degree photogrammetry, has been acquired by FARO Technologies in a US$34 million deal. FARO Technologies has invested $US34 million to acquire HoloBuilder, the San Francisco, US-based 360-degree reality capture technology developer. The Florida, US-based corporation known for its 3D measurement, imaging, and realisation solutions for architecture, engineering and construction, says: …
Permanent link to this article: https://extranetevolution.com/2021/06/faro-acquires-holobuilder/
