Spotlight on 4 Esteemed 2022 Equipment Management Winners

Equipment management solutions optimize resource allocations, control costs, and oversee real-time monitoring. As the digital age is upon us, these softwares provide valuable data to enable project stakeholders to engage in informed decision-making.

In 2022, BuiltWorlds awarded 50 Equipment Management organizations that have been making an impact within the sector. Nominees were selected from a combination of primary research from our Benchmarking Program, industry feedback, and case studies. As an extension of the 2022 insights, below is a highlight of four 2022 winners that have made exciting advancements within the industry in the past year.

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EquipmentShare is a nationwide construction technology and equipment solutions company. They are on a mission to change the way construction does business through its cloud-powered technology platform of fleet management solutions. Their fleet management technology is OEM-agnostic and can track any piece of equipment, regardless of the brand, to monitor machines, tools, people and materials.

In April of 2023, EquipmentShare announced the completion of their $290M Series E round. To date, their total equity investments are now close to $700M. Since 2022, EquipmentShare has opened more than 150 branch locations and has grown their team to 4,100 members.

Chetu is a US-based software development company specializing in providing businesses worldwide with custom technology solutions. Chetu combines technological expertise, specific domain experience, and a passion for excellence to deliver enterprise-grade solutions.

Chetu opened a state-of-the-art Skill Development Center in Noida, India in August of 2023. This new facility includes fully renovated classrooms and lecture rooms that will accommodate 100+ students at a time, alongside 15 dedicated faculty members. The center will serve as a comprehensive skill training hub for technical graduates who are looking to further develop their skills within the software development field.

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CLUE integrates, automates, and optimizes construction operations, all in a single platform through the use of data and AI. They have the unique ability to track mixed fleets, people, and assets in a single platform, increasing profitability within a fleet's operations.

In March of 2023, HCSS announced its partnership and integration with CLUE. This exciting collaboration provides an integrated platform that empowers users will project operations within one application.

Since 1985, Foundation Software has delivered job cost accounting, project management and mobile applications, along with payroll and services for bookkeepers, to help contractors run the business side of construction. FOUNDATION® is a fully integrated construction accounting system that uses Microsoft® SQL Server® and suits a wide range of construction trades.

Foundation Software announced its acquisition of AboutTime Technologies in early May of 2023. This addition to its current offering will help to deepen its construction software and provide stronger integrated solutions for its users.