Capital Infusion from Nemetschek Group, Zachry Construction Corp. Will Provide Global Reach, Foster Collective Innovation
ATLANTA GA, February 21, 2023 /24-7PressRelease/ — Michael Pink, CEO of SmartPM Technologies, a leading construction-project analytics provider, announced that the company has received significant financial investments from two high-profile companies in the construction sector.
The Nemetschek Group, a pioneer for digital transformation in the Architectural, Engineering, Construction and Operation (AEC/O) industries, led the recent investment round. This investment expands the Nemetschek Group’s venture strategy of driving innovation in construction. Pursuant to the transaction, Matt Wheelis, SVP of Strategy for the Build & Construct Division at the Nemetschek Group, will be joining the board of SmartPM.
Joining the investment round is Zachry Construction Corporation, an industry-leading, privately owned company rooted in nearly 100 years of experience specializing in the construction of large, technically unique projects around the world. As with the Nemetschek Group, Zachry’s participation in this investment round will help create a powerful network of cross-collaboration and innovation.
The involvement of these two market giants should prove to be a sound investment, given SmartPM’s leadership status in the field of construction-project schedule analysis. SmartPM is the only comprehensive, schedule-centric analytics solution designed for the construction industry by industry experts. SmartPM drives project management by leveraging billions of data points from the construction schedule to automate project control processes by extracting insights from the schedule data to mitigate risk, control costs, reduce delays, and increase profitability.
Intuitive and customized analytics dashboards allow users at all levels to successfully manage complex project schedules, equipping them with the tools they need to automate schedule analysis while gaining visibility into mission-critical schedule data at-a-glance. What’s more, SmartPM has proven to reduce delays and increase savings, with its customers reporting a 50X ROI that often translates to saving millions of dollars on their commercial construction projects.
Nemetschek Group brings a global reach as an investor in SmartPM with their portfolio of companies such as Nevaris, a Germany-based software firm specializing in solutions for construction management and technology, as well as mobile products on the jobsite. Another of the group’s entities with global reach is Bluebeam, a software company developing innovative technology solutions that set the standard for project efficiency and collaboration for AEC professionals.
“SmartPM’s solution is so valuable because, unlike many platforms that often put the attention only on large projects, SmartPM provides a solution that is applicable to projects of any size. This is a solution that addresses many of the core business challenges in the industry,” says Nemetschek’s Wheelis.
“SmartPM offers a simple and user-friendly way to consume schedule data without requiring extensive knowledge of complex scheduling software,” says David Zachry, President and CEO of Zachry Construction Corporation. “Nevertheless, the benefits of SmartPM go beyond just analytics for schedule data.
“The tool’s capacity to analyze trends in scheduling, project durations, and completion rates can provide valuable insights for the construction industry as a whole, including benchmarking performance against peers. We are thrilled to be a part of this promising technology.”
Founded in 2016, SmartPM™ Technologies Inc. is a leading construction analytics provider headquartered in Atlanta. SmartPM launched its cloud-based software in 2019 and is now the only comprehensive, schedule-centric analytics solution designed specifically for the construction industry by industry experts. SmartPM drives project management by leveraging billions of data points from the construction schedule to automate schedule and project reviews while extracting insights to mitigate risk, control costs, reduce delays, and increase profitability. SmartPM keeps all parties involved in a project in the loop, so each stakeholder clearly understands their own particular risks and financial ramifications. For more information, visit https://smartpmtech.com/.
For the original version of this press release, please visit 24-7PressRelease.com here