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?...
So much news these days: TechCrunch reported yesterday that Siemens AG has participated in a $33 million Series B financing round at Built Robotics via its Next47 investment division, joining other investors Building Ventures, Founders Fund, Presidio Ventures, Lemnos...
I’ve been getting a lot of questions about AI –what is it, how do I use it, what data do I need to gather to feed the machine, what does it even MEAN?? (very angsty, usually in an “am I already behind” panic)– and thought I’d try to...
Nemetschek announced today that Q2 revenue was up 15% on an organic basis and 21% overall to €138 million. That’s very, very good but investors will likely focus on the fact that Q1 growth was 27% as reported (23% cc) and 21% on an organic basis. The details:...
You know that Autodesk invests in tech startups. Did you know that they also invest in makers of actual, physical things? Apparently, they do! Autodesk just announced that it has increased its investment in Factory_OS, a “volumetric modular construction...
You might remember that Nemetschek co-owned a company called DocuWare, which is focused on document management and the AEC workflows that surround project documents. The companies have been intertwined for at least a decade but now DocuWare is being acquired by Ricoh...
Yesterday, RIB Software and Building Systems Design (BSD) announced that RIB is acquiring a majority in BSD. RIB, you may recall, makes desktop and cloud solutions for the construction industry that harness the data in BIM models and uses it to enable construction...
Bentley’s spring business update call turned out to be an interesting view into the company and its products — but we learned few new details about how the company is doing. A couple of weeks ago, Bentley released its “annual report”, the key...
Just when I think/hope the year is winding down, up pops another newsworthy item. This time, it’s a twofer: Autodesk announced that the Plangrid acquisition is a done deal and that it’s signed a definitive agreement to acquire BuildingConnected to add...
The inbox is overflowing with news — perhaps as everyone clears the decks before heading out for year-end holidays. Here, a few more items: Dassault Systèmes announced this morning that its BIOVIA brand has acquired of COSMOlogic, maker of a predictive...
