BuiltWorlds member Trimble recently announced they have acquired fellow BuiltWorlds member Ryvit, an integration Platform-as-a-Service (iPaaS) provider for the construction industry. Launched in 2016, Ryvit builds connections between commonly used applications and data sources, enabling information sharing both within and across organizations so that project teams can use the right information to make the right decisions at the right time.
“The construction industry today is stymied by disparate data and technology solutions that don’t connect with one another, making it difficult to share information across departments and amongst project teams,” said Pete Large, senior vice president, Trimble Construction sector. “Ryvit provides a platform for software solution providers and construction stakeholders to rapidly build and deploy workflows, enabling the automatic flow of critical information across organizations and teams in real time. At Trimble, we believe that openness and interoperability are imperative to the future of the construction industry and are excited to extend Ryvit’s capabilities to more customers, applications and partners as we move the construction industry forward.”
Providing integrations that process millions of data records daily between different construction technology partners, Ryvit helps customers seamlessly integrate their data and coordinate their workflows for greater project visibility. All current Ryvit integrations are valuable components to an open, extensible ecosystem. These integrations will continue to be supported as part of Trimble Construction One, with the primary offerings from Ryvit undergoing a rebrand to Data Xchange and App Xchange. Data Xchange represents the contractor tools that allow end users to configure and manage their data flows between connected systems. App Xchange serves as the developer’s command center for connecting systems, building pre-configured dataflows, and onboarding new customers.
“Ryvit has been relentlessly focused on transforming the construction industry into a more productive and profitable industry powered by data,” said Tom Stemm, chief executive officer of Ryvit. “Over the past seven years, we’ve done this by building a platform that connects data between some of the industry’s largest technology providers to improve efficiency and streamline workflows for construction. Trimble is similarly focused on becoming an industry-leading open platform provider so this acquisition is a perfect match for both companies, who share a similar mission and vision for the industries we serve.”
Ryvit expands the capabilities of Trimble Construction One, a connected, cloud-based construction management platform that drives speed, efficiency and accuracy at each phase of the construction project lifecycle. Using Trimble Construction One, customers can leverage a purpose-built platform that provides the level of visibility needed—and previously hard to gain—on real-time project status and cash flow, leading to more confident project delivery overall.
We will be talking about all things Venture-related and more at our upcoming Venture West Conference in San Francisco, CA on March 20-22, 2023. BuiltWorlds Venture Conference has been the world’s premier conference focused on venture investing in construction and built environment-related emerging technology. Leading fund investors, strategic investors, and startups gather each year to take the pulse of the industry’s startup ecosystem at the BuiltWorlds Venture Conference. Hope to see you there!
REGISTER FOR BUILTWORLDS VENTURE WEST 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.
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.
Be the first to leave a comment.
You must be a member of the BuiltWorlds community to join the discussion.