Tag: COVID-19

Reflecting on the Procore IPO

Procore platform pitch

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 …

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Permanent link to this article: https://extranetevolution.com/2021/06/reflecting-procore-2021-ipo/

Bentley raises IPO prospect again

Procore report graphic

On Friday 21 August 2020, US-based engineering design and collaboration software-as-a-service vendor Bentley Systems announced it had filed a registration statement with the US Securities and Exchange Commission for a proposed initial public offering (IPO) of its Class B common stock. The shares of Class B common stock to be sold in the offering will …

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Permanent link to this article: https://extranetevolution.com/2020/08/bentley-raises-ipo-prospect-again/

Asite supports Africa’s Exceptional BIM

Exceptional BIM tiers

Growing Africa’s BIM capabilities is facing new challenges due to COVID-19, but Exceptional BIM, an online learning portal backed by Asite, is aiming to maintain momentum. BIM adoption in southern Africa has historically lagged more developed markets such as Europe, the US and the Asia Pacific region (Dec 2016: South Africa lagging …). However, there …

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Permanent link to this article: https://extranetevolution.com/2020/08/asite-supports-africa-exceptional-bim/

Procore: Lockdown accelerates demand for digital transformation

Independent research commissioned by SaaS vendor Procore shows a UK construction shift in technology adoption during the COVID-19 pandemic. Procore, the US-based provider of construction management software which has been expanding in the UK, says the COVID-19 pandemic has caused a shift in attitudes to technology in the construction industry. In March 2020 (read: Coronavirus, construction …

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Permanent link to this article: https://extranetevolution.com/2020/06/lockdown-accelerates-demand-digital-transformation-procore/

Coping with COVID-19 using Bentley ProjectWise 365

ProjectWise 365 - Design Review Screenshot

In April 2020, Bentley Systems announced it had opened up its ProjectWise 365 cloud service, including waiving subscription fees until 30 September 2020, to virtually connect infrastructure project participants forced to work from home due to the COVID-19 pandemic. Extranet Evolution talked to Bentley and to a US customer about how ProjectWise 365 has helped …

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Permanent link to this article: https://extranetevolution.com/2020/05/coping-covid-19-bentley-projectwise-365/

Coronavirus, construction and software

AEC investment in IT

The coronavirus pandemic could potentially shut down construction, with a catastrophic impact upon firms and workers, many of them self-employed. How can software firms help? As just about every nation is affected by the global coronavirus pandemic, entire industry sectors are facing unprecedented shutdowns. Construction is no exception. In some instances, the shutdown has been …

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Permanent link to this article: https://extranetevolution.com/2020/03/covid-19-construction-software/