Category: Business/Financial

Oct 24 2016

Think Project! strengthens European base

Think Project! CEO Thomas Bachmaier is optimistic about his business’s prospects in the increasingly competitive European SaaS construction collaboration technology market. The Munich, Germany-based company is now facing stronger competition in its core markets following the acquisition of key competitor Conject by the international market leader Aconex in March 2016, but has been busy expanding …

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Permanent link to this article: https://extranetevolution.com/2016/10/think-project-strengthens-european-base/

Oct 22 2016

ConstructPM talks up mobile tech

Digital Construction Week is taking place in London next week, and one of last year’s exhibitors, London-based Construct.pm has been in touch. I talked to the mobile-first construction project management app business in late December 2015 when it was working with early adopter customer ISG. A case study based on a project at London’s Broadgate suggests: the technology removes …

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Permanent link to this article: https://extranetevolution.com/2016/10/constructpm-talks-up-mobile-tech/

Oct 14 2016

Saas budget management with Budget4cast

budget4cast-screengrab

Launched in the US at the recent Construction Management Association of America (CMAA) conference in San Diego, California, is a new cloud-based project budget management application, Budget4cast. Denver, Colorado-based CEO Bryan Carruthers (a career project manager turned AEC software entrepreneur) believes it’s something of a unique product, which he says generated a lot of interest and …

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Permanent link to this article: https://extranetevolution.com/2016/10/saas-budget-management-with-budget4cast/

Oct 12 2016

Createmaster targets project handover

createmaster-logo

London-based Createmaster describe themselves as “experts in process led, construction information handover management”. The business provides a combination of hands-on document management services and software-based services; its digital handover documentation services are managed using an online application called DocumentPark, and include: Operation & Maintenance Manuals (O&Ms) Health & Safety Files Asset Registers & Planned Preventative Maintenance Schedules BIM …

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Permanent link to this article: https://extranetevolution.com/2016/10/createmaster-targets-project-handover/

Oct 12 2016

Aconex connects to Dropbox

At the end of August 2016, Dropbox and Australia-based SaaS construction collaboration vendor Aconex announced (Dropbox news release; Aconex news release) a global partnership to provide integrated cloud-based collaboration solutions to the construction and engineering industry. As part of this agreement, Aconex and Dropbox will deliver better data integration between the two platforms, allowing users to save …

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Permanent link to this article: https://extranetevolution.com/2016/10/aconex-connects-to-dropbox/

Oct 04 2016

think project! acquires Conetics

Rationalisation of the European construction collaboration market has taken another step forward. Munich, Germany-based vendor think project! has announced that it has acquired 100% of the shares of another (smaller) German vendor, Cologne-based Conetics AG. According to the think project! news release, Conetics AG was established in 2000 in North Rhine-Westphalia, Germany, as a spin-off of …

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Permanent link to this article: https://extranetevolution.com/2016/10/think-project-acquires-conetics/

Sep 27 2016

Finalcad raises €20m Series B funding

Jimmy Louchart

Showing once again that there is a lot of investor interest in mobile-oriented construction collaboration platforms, Paris-based Finalcad has announced that is has secured €20m (US$22.4m or £17.25m) Series B funding to help finance its international development ambitions. FinalCad was established in France in 2011 and started to grew domestically following adoption by several major clients, …

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Permanent link to this article: https://extranetevolution.com/2016/09/finalcad-raises-e20m-series-b-funding/

Sep 27 2016

think project! targets Spain in JV with ProjectCenter

Munich, Germany-based SaaS construction collaboration technology vendor think project! has established a joint venture with Madrid-based ProjectCenter to target customers in Spain, Portugal and Latin America. According to a think project! news release, it will hold a majority stake in think project! Iberia. ProjectCenter back story As previously described (March 2013 post), ProjectCenter started life in …

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Permanent link to this article: https://extranetevolution.com/2016/09/think-project-targets-spain-in-jv-with-projectcenter/

Sep 16 2016

Geniebelt raises €2m funding

GenieBelt logo

TechCrunch reports that Copenhagen, Denmark-based construction Software-as-a-Service vendor GenieBelt has secured €2 million in new investment to ramp up marketing for its platform. TechCrunch says the round was led by Danish Solar A/S, a publicly listed European sourcing and services company operating within the electrical, heating and plumbing, and ventilation technology sectors. GenieBelt chairman Klaus Nyengaard, formerly CEO of …

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Permanent link to this article: https://extranetevolution.com/2016/09/geniebelt-raises-e2m-funding/

Sep 14 2016

Construction mainly technology laggards

Innovation killer

A survey and report from management consultant KPMG International says less than one in 10 construction companies are at the sharp end of technology – most just follow, trying to keep up (survey also reported by Construction Enquirer and The Construction Index). KPMG talked to 218 senior construction executives, most of them working for major international …

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Permanent link to this article: https://extranetevolution.com/2016/09/construction-mainly-technology-laggards/

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