Feb 08 2018

Laing CIO is new think project! non-exec

Thinkproject-logoMunich, Germany-based SaaS construction collaboration vendor think project! will be getting advice from one of UK construction’s most prominent chief information officers. Gareth Burton, CIO at UK-based main contractor Laing O’Rourke, has been appointed as a non-executive member of the company’s board.

Burton worked in various technology companies including Motorola and BT, and has held board level IT positions within the oil and gas, mining and construction sectors, serving as CIO for Baker Hughes, African Minerals and Laing O’Rourke, gaining insight into the technology and process automation requirements of construction businesses. He established the UK Construction CIO Forum (not to be confused with the ACE CIO conference) and is an advisor to the engineering department at Swansea University (where he gained an engineering and mathematics degree before attended the International Executive Program at Insead Business School in Paris). He said:

“I am delighted to join the think project! Board, particularly given that the construction sector is one of the leading market segments for embracing the benefits of digitisation. Customers in this market are dealing with some of the most complex global engineering projects and must ensure the complete ecosystem of architects, designers, contractors, sub-contractors and supply chain are seamlessly connected and able to communicate at speed and leverage the benefits of BIM standards and mobile technology.”

(Note: CIO Gareth Burton is a different person to the Gareth Burton who was construction director at Laing O’Rourke, 2005-2014 – now working in Canada.)

Permanent link to this article: https://extranetevolution.com/2018/02/laing-cio-is-new-think-project-non-exec/

Feb 05 2018

Trimble acquires e-Builder for $500m

Just over a month after Oracle bid US$1.2 billion for Aconex, Trimble has invested US$500m to buy one of Aconex’s US-based SaaS competitors, e-Builder.

Trimble logoOn Friday 2 February, Trimble announced (news release) it had acquired privately-held Florida, US-based SaaS construction project management vendor e-Builder for US$500 million (c. £357m or €403m). Trimble says “e-Builder extends Trimble’s ability to accelerate industry transformation by providing an integrated project delivery solution for owners, program managers and contractors across the design, construct and operate lifecycle.”

e-Builder-logoAccording to the news release, e-Builder currently manages more than US$300 billion of construction project value and over 200,000 projects from some of the most influential owners in North America. Annual revenues were reported to be around US$53 million, and growing at over 20%.

e-Builder back story

It is one of the AEC SaaS sector’s longest established firms, having been founded by brothers Jon and Ron Antevy in 1995, and has featured in ExtranetEvolution regularly over the past decade or so. In August 2011, the Miami/Fort Lauderdale company had around 60 staff, with about 25,000 users of its software, mainly in the US and Canada, and it regarded Meridian’s Prolog as its principle competitor (Trimble had acquired Meridian in 2006).

Two-and-a-half years later, in February 2014, e-Builder’s workforce had almost doubled and was forecast to reach 135 people by the end of the year. Some US$100bn of projects were being managed on the platform, predominantly in North America, with most of its customers being owner/operators in healthcare, education and government bodies. Revenues were said to be growing at 40% per annum, but BIM was still at an early stage for most of e-Builder’s customers. However, in July 2015, e-Builder acquired Scenario VPD, a BIM developer.

Trimble connecting

In addition to its 2006 Meridian acquisition, Trimble has been expanding its SaaS construction collaboration capabilities. It acquired Google’s SketchUp in 2012, which was consolidated alongside the Meridian products into its Trimble Buildings design-build-operate (DBO) offering. Then, in September 2014, it acquired Gehry Technologies’ GTeam platform, subsequently relaunched as Trimble Connect (October 2014). And it launched a mobile-oriented platform, Trimble ProjectSight, in December 2014.

Trimble acquisition rationale

Trimble’s presence in construction is focused, first, on civil engineering projects, second, on the construction of buildings and structures. It says both will benefit from the e-Builder acquisition. “Trimble solutions leverage constructible Building Information Model (BIM) workflows to integrate processes, improve information fidelity, reduce rework, establish transparency and deliver higher productivity. By using Trimble technologies, contractors and owners are realizing substantial reductions in total project cost.”

Steven Berglund, president and CEO of Trimble, says:

“e-Builder has always recognized that owners play a key role in the construction lifecycle and that their influence will be key to the adoption of transformative construction technology. Trimble will extend its reach into the owner community by leveraging e-Builder’s presence. In turn, we intend to aggressively bring e-Builder solutions to civil and building contractors and the international market. We see a significant opportunity in leveraging data and intelligence gained through design-construct workflows across the full infrastructure lifecycle. e-Builder’s solutions and, more importantly, its organization provide a strong platform for significant growth.”

Ron Antevy, president and CEO of e-Builder, says:

Ron Antevy“e-Builder’s mission is to improve project execution to make construction faster, less expensive and more reliable. The addition of our solutions to Trimble’s broad portfolio extends our collective ability to best support owners and contractors with project delivery and management. e-Builder current and future customers will benefit from Trimble’s construction management expertise, culture of innovation and global reach to take e-Builder solutions to the next level.”

The e-Builder business will be reported as part of the Buildings and Infrastructure Segment.

Quick reaction

Hardly a month seems to go by without announcements about mergers and acquisitions in the construction software sector, with Software-as-a-Service businesses seemingly very much in demand. Oracle’s pitch for Aconex valued the Australian vendor at around ten times revenue, while Trimble’s acquisition of e-Builder is almost 9.5 times revenue, underlining the attractiveness of SaaS additions to a wider software portfolio.

The deal won’t particularly extend the geographical reach of Trimble’s SaaS portfolio – much of its Trimble Connect heartland remains in Meridian’s old core north American market  – but it will expand its reach into owner/operator organisations and into businesses operating in the building, as opposed to civil engineering, sector.

Permanent link to this article: https://extranetevolution.com/2018/02/trimble-acquires-e-builder-for-500m/

Jan 30 2018

Shortlisted for smartest blogger

BIMShowLive 2018 is coming up in a month’s time – in Newcastle-upon-Tyne, UK, on 28 February and 1 March 2018 – but first there is the little matter of the BIM Awards, being held on 27 February.

To my surprise, I have been shortlisted in the ‘Smartest Blogger’ category, where:

BIM Awards Finalist 2018… an individual … posts messaging on their company/personal websites directly related to BIM and digital construction. We’re looking for topical, current and possibly controversial content which has consistently made a genuine and meaningful contribution to the built environment.”

I am flattered to be shortlisted – alongside Rob Jackson of Bond Bryan and BRE’s Dan Rossiter, both of whom write far more knowledgeably about BIM than I do – but the nomination does at least give me an excuse to reflect on the past 12 years or so….

History

ExtranetEvolution started in September 2005 following publication of a book about construction collaboration technologies I wrote for publisher Taylor & Francis (today part of Routledge) while working at what was then BIW Technologies. The blog was originally intended to help me produce a second edition of the book, but it took on a life of its own. By the time I left BIW (later Conject and now part of Aconex) and started out as an independent consultant in February 2009, the blog had become something of a shop window for my expertise, as well as a news and features resource for anyone interested in construction, collaboration, cloud computing, Software-as-a-Service, and related areas such as mobile, social media and BIM. (As I have said many times, “it’s a small niche, but it’s my niche“.)

Initially, a little UK-centric, it has also expanded to include more content about developments in Europe, the US and Australasia, among other places. Since 2005, I have covered a succession of acquisitions and mergers, personnel changes, numerous product launches and industry conferences. I have interviewed senior figures representing most of the major AEC-oriented collaboration vendors, and a great many more startups. I have watched businesses grow – and seen a few die – and recorded their ups and downs along the way.

Statistically speaking

I have used two blogging platforms: first, Typepad and, since 2011, WordPress, publishing nearly 1800 blog posts. Since February 2009 (when my Google Analytics records start), the blog has had 1.24 million page views, and more than 270,000 users.

In 2011, ExtranetEvolution had its then best year, delivering 59,416 page impressions to 23,746 unique visitors. In 2014, I topped 100,000 page views, with content read by nearly 49,000 visitors; my 2015 visitor total was just short of 52,000 – still my best year.

ExtranetEvolution users 2009-17My most visited post is from February 2013 (16 reasons why nobody yet dominates the construction SaaS collaboration sector – viewed over 15,000 times), while the daily peak was 2,641 when I wrote about Aconex’s acquisition of Conject in March 2016. M&A activity is clearly a recurring interest; my 2017 peak was in December, following Oracle’s offer to buy Aconex.

(I have been a little less productive in terms of blog posts in the past two years, mainly for family reasons – my stepmother died in early 2016, my father died in July 2017, and I had three other family bereavements – but also pressure of other work.)

Thanks to everyone who has supported ExtranetEvolution since 2005, and thanks to whoever nominated me for the BIM Awards!

Update (26 April 2018) – I didn’t win the award, which went to Dan Rossiter. I didn’t attend the event – I broke my right arm on 25 February, and the ‘Beast from the East’ [bad weather] also scuppered my travel plans.

Permanent link to this article: https://extranetevolution.com/2018/01/shortlisted-for-smartest-blogger/

Jan 29 2018

Ruddle to head GenieBelt UK

GenieBelt logoCopenhagen, Denmark-based GenieBelt, the mobile-first developer of cloud-based construction software, has appointed Jason Ruddle as managing director of its new UK operation with effect from April 2018.

GenieBelt has historically retained strong personal connections with the UK. When I first talked in detail about the company (October 2014), my initial contacts were with one-time Davis Langdon QS and project manager Gari Nickson, and it had appointed former Woobius founder, architect and SaaS and app user experience expert Bob Leung as part of the GenieBelt team. The company claims its platform is now used on over 20,000 projects in over 100 countries.

I have been hearing rumours about a GenieBelt UK launch for at least a year, and it seems it’s finally going to happen. GenieBelt CEO Ulrik Branner says: “The recruitment of Jason Ruddle marks an exciting and important step in our global expansion. Jason’s experience and knowledge of the UK market will bring significant benefits to us in delivering transparency and efficiency to the construction industry.”

Ruddle joins GenieBelt from AIM-listed Elecosoft, the provider of Asta Powerproject, and has over 25 years’ experience in construction software. He was appointed head of sales for Asta in 2013, and from January 2015 to December 2017 was MD of the Thame, Oxfordshire-based Elecosoft UK. While he was at Elecosoft, Asta launched its mobile PowerProject Site Progress app, complementing its desktop solution (a Citrix-based SaaS option is also available). Other Elecosoft applications include IconSystem, a cloud-based asset management solution deployed by several major UK retailers; the Market Harborough, Leicestershire-based business was acquired by Elecosoft in October 2016 for £2.4m (I wrote about Icon back in 2009).

Permanent link to this article: https://extranetevolution.com/2018/01/ruddle-to-head-geniebelt-uk/

Jan 18 2018

Invicara gets $10m from Kingspan

Ireland-based building materials giant Kingspan invests US$10m in BIM technology supplier Invicara.

BIM AssureSome 18 months ago, in August 2016, I wrote about BIM Assure, a cloud-based building information model checking service developed by the US-based Invicara. At the time this startup had offices in Ann Arbor in Michigan, plus India and Singapore, but it now also has offices in the British Isles – an Ireland base in Dublin and a UK base in Egham, Surrey. The latter is presumably where Andy Hamer, formerly CEO of the Surrey-based Codebook* and now director of customer success at Invicara, hangs out – I bumped into Andy at a BIM event in southeast London last week and, following recent news of mergers and acquisitions, he hinted an announcement might be imminent….

Today I learned that Invicara has received a US$10m investment (for a minority stake) from the Ireland-based building materials group Kingspan, well-known (in the UK at least) for its insulation products, access floors, environmental, solar and other M&E products and systems. According to Kingspan’s news release:

Kingspan logoWith this investment, Kingspan has made a definitive commitment to the development of a solution for digitalisation of the construction industry.

Invicara has developed solutions that integrate with Building Information Modelling (BIM) technology. BIM provides detailed digital representations of buildings, allowing time and cost saving collaboration between partners on construction projects such as architects, engineers, contractors, and owners.

Working with Kingspan, Invicara will use its cloud-based platform to build a new solution that uses design and construction data to create new digital workflows that transform the customer experience.

Kingspan’s Louise Foody (director of digital and brand) and Mike Stenson (head of innovation) will join the Invicara board. Foody says:

For manufacturers of building systems and solutions, digitalisation enabled by technologies like BIM is a game changer. At Kingspan, we aim to leverage digital technologies to further align our offerings with our customer’s needs and more efficiently collaborate with owners, designers, and contractors at every stage of the building lifecycle.

invicara-logoBIM Assure, the first product built on the Invicara platform, provides a cloud-based data management solution that helps owners and their design and construction partners create a data-rich ‘digital twin’ of a building. The product is currently used on projects in North America, Ireland, the UK, Australia, and Singapore. Invicara says it is planning significant new capabilities for release in 2018, and will extend its reach thanks to Kingspan’s global presence in key market segments such as airports, healthcare, data centres, and retail (among others).

Anand Mecheri, CEO and Founder of Invicara says:

Our relationship with Kingspan opens a new market opportunity for Invicara – providing us with deep context to build powerful solutions on the Invicara platform, enabling product manufacturers to participate in the digitalisation of construction. From the start, Invicara’s vision has been to improve the value derived from BIM for the entire ecosystem of the built environment – providing an efficient flow of reliable data for a wide range of workflows.

[* Disclosure: Codebook is a past customer of pwcom.co.uk Ltd. Another former Codebook employee, Sam Oliver, joined Invicara as application services consultant in late 2017.]

Permanent link to this article: https://extranetevolution.com/2018/01/invicara-gets-10m-from-kingspan/

Jan 10 2018

Trimble connects with VolkerWessels

Trimble logoUS construction technology provider Trimble has announced a strategic partnership with the Dutch construction business VolkerWessels to advance the latter’s use of Building Information Management (BIM) technology and improve the management and predictability of the contractor’s construction projects.

ProjectSight logoAs part of the collaboration, Trimble will closely work with VolkerWessels’ stakeholders to gather real-world feedback for continued innovation in BIM-centric construction. In addition to deployment of Trimble construction technologies (including the Trimble Connect SaaS collaboration platform and Trimble ProjectSight, both launched in 2014), the collaboration also includes professional and integration services performed by Trimble and Construsoft, a Trimble integrator based in the Netherlands.

“Trimble excels at putting construction data to work,” said Marinus den Harder, director of construction and real estate development at VolkerWessels. “Trimble’s data-centric approach to BIM provides us with analytics and business intelligence that we can use to extend our competitive advantage.”

By using Trimble Connect and Trimble ProjectSight, VolkerWessels (which has offices in the Netherlands, Belgium, the UK, Germany and Canada / United States) says it will streamline the sharing of construction models, data and project information between key project stakeholders.

“Our close collaboration with VolkerWessels enables both companies to innovate while driving greater value in the design, build and operate phases of construction,” said Roz Buick, vice president at Trimble. “We greatly value this key customer relationship enabling us both to seek insights for buildings, infrastructure and real estate industries.”

Update (4pm, 10 January 2018) – Trimble’s connection to the Netherlands was extended by its recent acquisition of Stabiplan (announced last week), a 3D CAD software and BIM content provider for the mechanical, electrical and plumbing (MEP) industries.

Permanent link to this article: https://extranetevolution.com/2018/01/trimble-connects-with-volkerwessels/

Jan 10 2018

New CEO at GroupBC

GroupBCReading, UK-based SaaS collaboration vendor GroupBC has appointed construction software industry veteran Wes Simmons as its CEO. He succeeds Sanjeev Shah, who is taking on a new role in developing GroupBC’s strategic industry partnerships (see GroupBC news release).

Simmons was until recently managing director of construction ERP vendor Eque2, where he grew the business from a £5m business to one generating annual revenues of £15m. He started his construction career as a quantity surveyor and has worked in construction IT for major corporates including SAP, Unisys and Misys, gaining valuable experience of international business. Simmons has also worked with private equity partners to grow businesses the size of GroupBC into more successful and more valuable assets both through organic growth and through mergers and acquisitions. GroupBC and Eque2 share some of the same investors.

Sanjeev Shah and Wes Simmons, GroupBCSanjeev Shah (above left, with Wes Simmons) led the management buyout of the GroupBC business from Unit4 in November 2014, growing the business’s revenues to £3.795m in the year to 30 November 2016, increasing sales by 33% and boosting profitability by 77% year on year. The company also more than doubled its headcount, from 20 to 45 employees, over the same period (it’s now 55). During 2017 it further developed its BIM capabilities, rolled out its BC7 release, launched its GeoConnect+ service (developed in partnership with consultancy PCSG and Ordnance Survey), and developed technology partnerships with firms including CEMAR and Opentree. And a strengthened sales team (including Stuart Bell and Gavin O’Neill, both formerly of Union Square) won new customers including retailers Sainsbury’s and JD Sports, Jarvis Construction and the Houses of Parliament. (Many of these developments were discussed at GroupBC’s user conference in September 2017.)

GroupBC is now investing in a partner channel strategy. “I believe there is a great opportunity for GroupBC to expand without just putting more sales people on the ground,” Simmons said. “We are investing in Sanj as a dedicated resource to develop existing strategic partnerships with firms like PCSG, Wieneberger and IBM, and to instigate and build relationships with new industry partners. We believe this will help GroupBC extend its reach both across the industry and geographically, including internationally.” In the meantime,  Simmons will take over the day-to-day operational management of the GroupBC business.

[Disclosure: I have provided marketing consultancy services to GroupBC.]

Permanent link to this article: https://extranetevolution.com/2018/01/new-ceo-at-groupbc/

Jan 05 2018

Dalux targets BIM collaboration

Copenhagen-based Dalux has capitalised upon Denmark’s early BIM adoption and the smartphone explosion to provide user-friendly BIM working, including augmented reality, on mobile devices.

Dalux logoIn late 2017, I met up with Torben Dalgaard, in 2005 one of the two cofounders of Copenhagen, Denmark-based Dalux, a 40-strong developer of mobile BIM and related Software-as-a-Service construction collaboration technologies.

Torben Dalgaard - CEO of DaluxFrom the outset, he said, the company’s focus has been on building information modelling, capitalising initially upon Denmark’s early BIM adoption. The country’s first BIM mandate was in 2008, and since 2013 all public projects valued at €2m or more have to be delivered using BIM – more than half of Denmark’s projects are public-sponsored – and Dalgaard estimated the larger Danish contractors’ projects are now about 90% BIM. The company now has customers in a dozen other countries, both in the Nordic region (Norway’s first BIM mandate in 2010 made it Dalux’s second market) and further afield, including the UK – where the growing adoption of BIM Level 2 is providing opportunities for Dalux, particularly in relation to mobile working among contractors (Northampton-based structural steelwork contractor Fusion is among Dalux’s first UK customers). Germany is another target market.

“We believe our mobile app is the most user-friendly BIM app on the market,” he said. Dalux’s BIM application has been used in the delivery of over 55 million square metres of building projects, and the company has over 10,000 users, including people in 13 of the 50 biggest contractors in Europe.

Free BIM viewer

Dalux BIM viewer on smartphoneDalux’s product suite includes a free BIM viewer for Apple iOS and Android devices (“gaining 50 new BIM projects a day”, mainly on the basis of word-of-mouth), allowing users to view IFC models (Dalgaard is a BuildingSMART enthusiast). This has proved successful in attracting interest, after which prospective customers can invest in the wider product set, which includes a mobile quality control (snagging or defects management) tool, Dalux Field, and a document management system, ‘Box’. Dalux also has an FM solution which may be rolled out more widely than its current Denmark-focused usage.

Demonstrating the Dalux Field application, Dalgaard showed a 2D floorplan and workflow view that is reminiscent of other snagging applications, but the BIM viewer allows users to navigate rapidly around even a substantial federated 3D model (which might be locally stored on the device, or streamed over the internet if connectivity allows); the example I was shown combined no fewer than 43 models.

Workflow tasks are automatically associated with relevant drawings, models, photographs and other data accessible to the user. Dalgaard says he aims to make the application as user-friendly as Google Maps might be to a 60-year-old site worker, and not just as a tablet-based device but on the smartphones often more accessible to workers onsite – unlike some other systems, the user experience is the same regardless of the device used. The usability of the app has also meant high levels of user adoption beyond the initial contractor/subcontractor relationships, he said.

The platform is typically licensed per-project to encourage adoption and collaboration across a multi-company, multi-disciplinary project team. Dalux also has an API that would allow it to be integrated with client systems and with common data environments (CDEs) provided by other vendors (Germany’s think project! was mentioned) that might be used by the project team. Mobile app data is hosted in a highly secure facility in Germany, while Dalux also has a hosting environment in Denmark.

Augmented reality

Dalux has also been working with the Google Tango (now ARCore) augmented reality toolkit to create an augmented reality BIM tool on smartphones. Dalux TwinBIM allows users to see elements of a 3D model superimposed on live video imagery created by the device’s camera, and the application can then be used to create issue workflows where, for example, there might be discrepancies between the model and the constructed components.

Dalgaard said the AR technology was proving helpful to non-construction professionals in client organisations who wanted to compare what was being built with what had been included in the latest designs.

Permanent link to this article: https://extranetevolution.com/2018/01/dalux-targets-bim-collaboration/

Jan 04 2018

Script&Go targeting UK

Script&Go logo 2018Rennes, France-based mobile application developer Script&Go is expanding beyond France, opening offices in Montreal, Canada, and in the UK. Since August (soon after my June 2017 post) its developers have been working to adapt its software for the UK market.

Claiming 414% revenue growth from 2014 to 2017, CEO Benoît Jeannin says: “There has a been a real demand for this in the UK. We have assembled a marketing and sales team there that will assist us in adapting BatiScript, our construction management software designed particularly for defect management on tablets and smartphones. We are present in Bath and Birmingham. Being there allows us to meet professionals in the UK market and listen to their needs. Listening is at the heart of our trade.” (Faisal Hamid is the firm’s UK country manager, and attended December’s COMIT community day in High Wycombe).*

In 2018, the company is considering opening an office in Germany. It says 2018 will also see a project to unite the company’s two products, BatiScript and Site Diary. It plans:

  • workflows for document storage and drawing management
  • modules to share ‘defects’ data between different stakeholders (talking about becoming a “social network for real-estate field workers” – not the first vendor to aspire to this, of course; Copenhagen’s GenieBelt and US players FieldLens and JobSite Unite [now closed], among others, have said the same)
  • an event management module, and
  • a module for users to monitor the quality of completed activities

Longer term (like other mobile-first developers), it sees the smartphone as the key device, aiming for intuitive data entry while mobile, while retaining a back office application for data management and reporting. The company says it is researching handwritten (with a stylus) and verbal data entry (contextualised voice recognition) methods. The integration of Building Information Modelling (BIM) is also part of Script&Go’s product roadmap.

Interested in drones?

COMIT* COMIT is hosting the inaugural meeting of its drone community at Bentley’s offices in the City of London on 25 January 2018. More details here.

Permanent link to this article: https://extranetevolution.com/2018/01/script-and-go-targeting-uk/

Jan 03 2018

Accruent buys Kykloud

kykloud-logoNorth Shields, UK-based mobile Software-as-a-Service asset management application vendor Kykloud has been acquired by Austin, Texas-based software business Accruent for an undisclosed sum.

Launched in January 2012, proptech startup Kykloud was founded by Edwin Bartlett and former 4Projects (now part of Viewpoint nearby in Newcastle-upon-Tyne) CTO Nick Graham, and in six years has grown to around 25 people, generating around £5m in annual revenues. Its information capture and reporting toolset was initially focused on the needs of surveyors and engineers but by 2016 owner/operators were Kykloud’s biggest sector. It has supported property management inspections for the UK’s Network Rail, and 15 months ago was selected to review the condition of around 80,000 buildings in 22,000 state-funded schools across England as part of the Education Funding Agency’s Condition Data Collection Programme (post). Kykloud says it is used by operators such as the BBC, engineering and services firms including CBRE and Cushman & Wakefield, and over 30% of all UK surveyors.

The core Kykloud software suite comprises three main components: mobile building surveying data collection, web-based asset management data storage, and desktop reporting.

Accruent logoAccruent, since May 2016 a Genstar Capital private equity portfolio company, delivers cloud-based software and services to manage real estate, facilities and asset management, from capital planning through to Internet-of-Things (IoT) monitoring and control. It claims to have created “the only integrated SaaS-based framework and reporting platform for full lifecycle physical resource management”, and has over 7,000 global customers in a wide range of industries in 149 countries around the world. Recent acquisitions include BlueCielo (Amsterdam-based asset lifecycle information management provider – bought in November 2017), Lucernex, a provider of Integrated Workplace Management Systems – August 2017) and Verisae (IoT solutions provider – September 2016). UK retailer Sainsbury’s is listed among Accruent’s customers, which I understand also include Boots and the Co-op.

In a letter to business partners, Kykloud says:

“the companies’ visions are well aligned, and our product lines are highly complementary. Kykloud customers will benefit from Accruent’s world-class support infrastructure and the advantages that Accruent’s scale brings to our operations, development and cross-application innovation.”

Accruent provides solutions complementary to Kykloud, including IWMS, facility management (CAFM), predictive maintenance and IoT-based equipment control. The letter says Kykloud and Accruent already share customers in the retail sector using vx Maintain, an Accruent product.

John Borgerding, CEO of Accruent, says:

John Borgerding - Accruent CEO“Kykloud’s software complements Accruent’s existing strength in capital planning, and we’re pleased we already have joint customers linking it with one of our facility management solutions. This acquisition helps us fulfill our global strategy of bringing complementary best-of-breed solutions into our portfolio, and fits our vision of helping customers manage physical resources across their lifecycles. We look forward to introducing the ease-of-use and flexibility of Kykloud’s tablet-optimized app to customers around the world involved in property surveying, third-party building maintenance or real estate operations.”

Ed Bartlett of Kykloud says:

Ed Bartlett“We’ve long admired Accruent’s global reach and best-of-breed solution set. We are confident that Kykloud’s accessible user experience will add an important and strategic component to Accruent’s portfolio, and will put Kykloud in front of a much wider range of customers.”

Permanent link to this article: https://extranetevolution.com/2018/01/accruent-buys-kykloud/

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