Longtime BuiltWorlds member Nemetschek Group, a leading global software provider for the AEC/O and media & entertainment industries, recently announced their investment in fellow BuiltWorlds member SmartPM, a project controls automation platform based in Atlanta, GA. This investment further expands the Nemetschek Group’s venture strategy of driving innovation in construction. Matt Wheelis, SVP of Strategy for the Build & Construct Division at the Nemetschek Group, will be joining the Board of Directors at SmartPM.
SmartPM is an Automated Project Controls and Schedule Analytics Platform. Its proprietary schedule analytics technology proactively identifies critical project risk issues throughout the entire construction lifecycle. The software organizes, analyzes, and translates complex and hidden schedule data into key metrics and graphic visuals that support decision-making, resulting in better project outcomes. Designed to work alongside and in tandem with current processes, SmartPM elevates CPM Scheduling Software (MS Project, Oracle Primavera, Power Project) by improving schedule quality and automating project control processes that align with construction industry best practices.
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. SmartPM has seen rapid growth in its business, partnering with the top contractors in the U.S.
“The Nemetschek Group is leading the charge in the digital transformation of the AEC industry across the Globe, and we feel very fortunate to have Nemetschek align with SmartPM as a strategic investor and industry partner”, says Michael Pink, CEO of SmartPM. “ Not only will Nemetschek help us establish a more global presence, but we are also very passionate about our collective mission to solve some of the more complex challenges in the AEC industry through technology. Together, we will improve this industry through cross-collaboration and collective innovation.”
Tanja Kufner, Head of Startups & Venture Investments at the Nemetschek Group, adds, “SmartPM is an exciting platform because of its approach towards mitigating construction project risk through the use of scheduling process controls. These controls can ensure project schedules are following the best practices and are executed well. The company builds on top of Mike’s 20 years of experience helping companies fight project delays and cost overruns. We are very happy to partner with Mike and the SmartPM team.”
Tanja will be speaking at BuiltWorlds Paris Summit June 21-23, 2023. For the second year in a row, BuiltWorlds is set to return to France to host the Paris Summit. This three-day event, drawing from the expert perspectives of C-Suite executives and senior leaders across Europe, African, and The Middle East, will continue conversations, ideas, and strategies about emerging trends and directionally where the industry is headed across the globe.
At this event, attendees can expect to gain uniquely valuable insights around how global companies are innovating and disrupting the industry, how sustainability initiatives and technology are impacting the industry, how venture funds are playing a large part in the sector in that region of the world and beyond, and much more. With information and technology increasingly connecting the world, every company, regardless of size and location, must understand the impact, opportunities, and challenges of thinking globally.
SEE THE INFO FOR BUILTWORLDS PARIS SUMMIT HERE
ABOUT AROUND THE NETWORK BRIEFS:
BuiltWorlds “Around the Network” Briefings offer BuiltWorlds Members an opportunity to keep the Community informed of their own initiatives, resource offerings, and other things they are excited to share about or collaborate around. We generally pull these posts as “highlights” from Member Company Pages, Innovation Exchange Posts, and other places our members share with us what they are up to.
ABOUT BUILTWORLDS:
BuiltWorlds is the buildings and infrastructure industry’s leading professional network for open innovation, keeping companies in the worlds of engineering, construction and related fields informed and connected, and helping them find avenues to collaborate for their own strategic success and for the betterment of the industry, as whole. For more information about BuiltWorlds, visit the BuiltWorlds Network or sign up for the BuiltWorlds Newsletter to stay connected to the Community for free.
Discussion
Be the first to leave a comment.
You must be a member of the BuiltWorlds community to join the discussion.