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 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 07 2021
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 …
Permanent link to this article: https://extranetevolution.com/2021/06/corecon-upgrades-project-team-portal/
Apr 15 2021
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 …
Permanent link to this article: https://extranetevolution.com/2021/04/bentley-collaborates-nvidia/
Apr 06 2021
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. …
Permanent link to this article: https://extranetevolution.com/2021/04/rib-grows-revenues-24-2020/
Mar 12 2021
Bentley Systems is spending around US$1 billion to buy New Zealand-based geoscience modelling software provider, Seequent. Bentley Systems has announced an investor-backed deal led by Accel-KKR to acquire Seequent. The Christchurch, New Zealand-based business specialises in geological and geophysical modeling, geotechnical stability, and cloud services for geodata management, visibility, and collaboration. The deal involves US$900 …
Permanent link to this article: https://extranetevolution.com/2021/03/bentley-geoscience-seequent/
Mar 10 2021
Some consolidation in the AEC augmented reality sector as Autodesk collaborator Unity acquires US-based VisualLive. Unity, the world’s leading platform for creating and operating real-time 3D content, has announced (9 March 2021) the acquisition (value and terms not disclosed) of VisualLive, an Arizona, US-based technology company enabling the architecture, engineering, and construction (AEC) industry to …
Permanent link to this article: https://extranetevolution.com/2021/03/unity-acquires-aec-ar-tech-vendor-visuallive/
Mar 08 2021
London-based 3D Repo has been backed by the Unreal Engine developer Epic Games to create a data delivery platform that allows users to share massive 3D engineering models online. Gaming and enterprise technologies are converging to create new ways to deliver and visualise data. UK-based 3D Repo, for example, recently announced that US-based video game …
Permanent link to this article: https://extranetevolution.com/2021/03/3d-repo-develops-unreal-engine-based-3d-platform/
