Procore finally IPOs; valued at $8.5 billion

Procore finally IPOs; valued at $8.5 billion

Procore finally IPOs; valued at $8.5 billion No doubt about it: the market for makers of IT solutions targeted at the construction industry is HOT. Procore finally completed its initial public offering yesterday, raising $635 million by selling 9.5 million shares at...
Quickie: Bentley acquires for iTwin offering

Quickie: Bentley acquires for iTwin offering

Quickie: Bentley acquires for iTwin offering Bentley just announced that it is acquiring sensemetrics and Vista Data Vision, both of which make software for Internet of Things (IoT) applications targeted at infrastructure use cases. Bentley says the companies will...
Quickie: Bentley acquires for iTwin offering

Bentley acquires Nadhi for project controls, focus on India

Bentley acquires Nadhi for project controls, focus on India Bentley Systems just announced that its Acceleration Initiatives business has acquired India-based Nadhi Information Technologies, a “specialist in project controls, analytics, and decision support for...
Quickie: Bentley acquires for iTwin offering

Bentley builds construction portfolio with E7

Bentley builds construction portfolio with E7 A couple of days ago, amid all of the earnings reports (and ahead of its own, on Tuesday), Bentley Systems announced that it has acquired E7, an Australia-based maker of project delivery software for heavy civil...
Quickie: Bentley acquires for iTwin offering

Hexagon adds OxBlue visual AI to AEC offerings

Hexagon adds OxBlue visual AI to AEC offerings Hexagon just announced that it is acquiring OxBlue, a maker of high-definition, time-lapse photography, and live video streaming services, that are used in construction to capture and document progress. OxBlue, says...
Quickie: Bentley acquires for iTwin offering

Bentley buys voice-based construction app maker

Bentley buys voice-based construction app maker Bentley Systems just announced that it has acquired NoteVault, which makes voice-based solutions for construction management. Start NoteVault on your mobile device, speak into it, and the app’s...
Quickie: Bentley acquires for iTwin offering

Schneider Electric gets into construction, buys RIB

Schneider Electric gets into construction, buys RIB How interesting: Schneider Electric just announced that it is buying RIB Software, the German maker of cloud and desktop solutions for AEC/construction projects, for €1.4 billion (a 6.5x revenue multiple). Why?...