Longtime BuiltWorlds member Trimble recently announced it has acquired AgileAssets, a provider of enterprise infrastructure asset management software to private organizations and government, including national road authorities and state-level transportation agencies in the United States. AgileAssets’ powerful Software-as-a-Service (SaaS) asset management solutions provide organizations with advanced analytics for real-time decision making as well as insights for efficiently managing day-to-day maintenance operations. AgileAssets’ solutions address the global challenges associated with maintaining and replacing aging transportation infrastructure. Financial terms were not disclosed.
AgileAssets provides organizations managing roads, bridges, airports and rail assets with SaaS solutions to better plan, operate and report on assets across the lifecycle. For example, using real-time inspection data and advanced analytics capabilities provides insight and intelligence to make more informed decisions on how to maintain or reconstruct vital infrastructure. To date, AgileAssets has helped infrastructure asset owners to maintain approximately 55 percent of state and highway roads (approximately 2.8 million lane miles) and 357,000 U.S. bridges.
With the passage of the Infrastructure Investment and Jobs Act (IIJA) and other infrastructure legislation across the globe, owners are investing in digital transformation to better manage the full lifecycle of their assets from design to build to operation. The adoption of the Digital Twin—a virtual 3D model designed to accurately reflect a physical object—is transforming construction and asset operations. The addition of AgileAssets to Trimble’s platform will add “as-designed” and “as-built” data to the 3D model for the maintenance and improvement phases. Availability of this data within the model creates a robust Digital Twin for owners throughout the asset lifecycle. This solution allows an owner to track the transportation asset through its full lifecycle, which provides greater predictability, sustainability and lower lifetime asset costs.
“AgileAssets is a pioneer in developing software to address the challenges associated with managing and maintaining aging, critical infrastructure,” said Shelly Nooner, general manager, Trimble’s Civil Design and Engineering Division. “Trimble has a long history of transforming industries by providing full solutions that help customers survey, design, construct and assess infrastructure at scale. With AgileAssets, we now expand our civil infrastructure solutions portfolio to include managing and optimizing the performance and sustainability of our customer’s assets across the entire lifecycle. It is an exciting time in infrastructure. Trimble and AgileAssets together create a powerful combination to advance technology adoption and will allow owners to realize the full potential of digital as-builts through the entire asset lifecycle.”
“We’re excited to join the Trimble ecosystem. Trimble is an ideal match for AgileAssets and our work to bring intelligent analytics and maintenance solutions to enterprise infrastructure owners,” said Stuart Hudson, CEO of AgileAssets. “AgileAssets’ integration with Trimble will accelerate our intelligent infrastructure asset management approach and allow us to increase the impact and value our solutions deliver to customers. The combination of Trimble’s construction modeling technology with our asset lifecycle solution will provide our customers with an elegant end-to-end, highly visual, interactive platform for all of their infrastructure management needs.”
All Standard and above BuiltWorlds members are invited to join us at our BuiltWorlds Venture West Conference in Palo Alto, CA from March 9th through 10th. Chris Stern, the VP and Managing Director of Trimble’s Trimble Ventures arm, will be speaking on the “Investing in Hard Tech In The Built Worlds” panel, where we will hear his perspective on how investing in “hard tech” can be different from investing in software. Attendees will learn about the potential pitfalls and also the opportunities of this very active area of the ecosystem. We hope to see you there!