Category: Business/Financial

FARO acquires Holobuilder

HoloBuilder JobWalk Planner

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: …

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Permanent link to this article: https://extranetevolution.com/2021/06/faro-acquires-holobuilder/

Corecon upgrades project team portal

Corecon graphic

US-based Corecon Technologies has continued upgrading its cloud-based construction estimating, project management and job cost software suite. California, US-based construction software-as-a-service (SaaS) provider Corecon Technologies has completely rebuilt its TeamLink Portal for use with its cloud-based construction estimating, project management and job cost software suite. For Corecon subscribers, the portal connects internal and external project …

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Permanent link to this article: https://extranetevolution.com/2021/06/corecon-upgrades-project-team-portal/

Nemetschek invests in Sablono

The Nemetschek Group has participated in a series A financing round of the fast-growing German contech startup Sablono, while also expanding its own SaaS operations. Berlin, Germany-based Sablono, described by Nemetschek as a “market leader in digital lean technology for construction enterprises”, raised €5.3 million, and plans to accelerate its international growth (read news release). …

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Permanent link to this article: https://extranetevolution.com/2021/06/nemetschek-invests-sablono/

thinkproject appoints new CEO

Patrik Heider

German SaaS construction technology vendor has appointed former Nemetschek executive Patrik Heider as its CEO and further strengthened its board. Former Nemetschek executive Patrik Heider has been appointed as the new CEO of Munich, Germany-based construction collaboration SaaS technology provider thinkproject Heider, right, has held roles at PwC and the Hoffman manufacturing group, and spent …

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Permanent link to this article: https://extranetevolution.com/2021/04/thinkproject-appoints-new-ceo/

Openbuilt spreads its “wings of transformation”

OpenBuilt Architecture

OpenBuilt sees major IT players including IBM and Red Hat combining to develop a connectivity and automation platform for the built environment industry. OpenBuilt is positioned as “a connectivity and automation platform that enables businesses to work faster and more accurately with their existing software“. It has been launched by a group of businesses including …

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Permanent link to this article: https://extranetevolution.com/2021/04/openbuilt-spreads-wings-transformation/

Bentley collaborates with Nvidia

Jacobs Waterworks Team

Bentley Systems is developing applications using Nvidia’s Omniverse platform for photorealistic, real-time visualisation and simulation of digital twins of massive-scale industrial and civil infrastructure projects. Visualisation and simulation are increasingly important in the architecture, engineering and construction (AEC) sector, but the costs and manpower needed to develop really sophisticated and powerful capabilities demand that AEC …

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Permanent link to this article: https://extranetevolution.com/2021/04/bentley-collaborates-nvidia/

thinkproject acquires UK-based Formworks

Formworks website

thinkproject completes its second major UK acquisition to grow its mobile construction field data capture capabilities. Munich, Germany-based construction collaboration SaaS technology provider thinkproject recently announced (6 April 2021) its acquisition (for an undisclosed amount) of the London-based software developer, Digital Field Solutions, creator of the mobile application Formworks. The deal comes nearly three years …

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Permanent link to this article: https://extranetevolution.com/2021/04/thinkproject-acquires-uk-based-formworks/

RIB Group grows revenues 24% in 2020

RIB regional revenues, 2020

Germany’s RIB Group grew its revenues 24% to €254.6 million in 2020, despite a slowdown due to the COVID-19 pandemic and a reduction in its M&A activities. International expansion means over a quarter of revenue now derives from north America. Stuttgart, Germany-based RIB Group has announced its results for the year ending 31 December 2020. …

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Permanent link to this article: https://extranetevolution.com/2021/04/rib-grows-revenues-24-2020/

Bentley acquires E7

Bentley Systems E7

Bentley Systems has acquired E7, a Brisbane, Australia-based specialist in construction delivery software for heavy civil projects – formerly known as Envision (post). Bentley says the acquisition (announced on 25 February 2021 – no terms disclosed) will add to its project delivery capabilities to helps civil contractors meet schedule and budget requirements of infrastructure investment …

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Permanent link to this article: https://extranetevolution.com/2021/03/bentley-e7/

Atlas ICAS targets healthcare market

ICAS

London, UK-based startup Atlas is targeting the healthcare construction market with an integrated design and project delivery SaaS platform, ICAS, supporting design for manufacture and assembly (DfMA) approaches. Co-founded by David and Maha Harper, London-based Atlas has developed an “integrated construction and architecture platform” (ICAS) that they believe can dramatically break down silos and improve …

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Permanent link to this article: https://extranetevolution.com/2021/03/atlas-icas-targets-healthcare-market/

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