Hexagon strengthens its construction software offering for asset owners with the acquisition of Projectmates

Date:

Share post:

Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies, today announced the acquisition of Projectmates, a SaaS-based, owner-focused, enterprise construction project management software provider.

Since 1997, Projectmates has been delivering a best-in-class solution designed specifically with an owner’s needs in mind: delivering positive ROI from every construction dollar spent. Projectmates’ configurable and centralised platform enables owners to keep all working documents and projects within a construction program up to date and in one place – from the planning stages through closeout and handover to the facilities management team.

Linking owners with job sites in real-time and tracking critical information about design changes, job site progress and expectations provides owners with the necessary visibility to make sure projects are executed, monitored, controlled and closed on time and within budget. With powerful reporting and a single view of an entire project portfolio – from capital planning and budget allocation to bidding, contracts, change orders, invoicing and payment – owners can streamline communications and collaboration with architects, engineers and contractors to improve response times, workflows and ROI.

Also read: Key Tips for Designing a Robust User-Interface

“The solutions that general contractors leverage to help mitigate budget overruns and schedule delays during an asset’s construction are often too limited to manage an entire construction program over multiple projects – from concept to closeout – and don’t provide the relevant information required by the asset owner,” says Hexagon President and CEO Paolo Guglielmini. “Purpose-built for owners, Projectmates’ next-generation SaaS technology transforms how projects are visualised and managed. Through intelligent tracking of project schedules, costs and values, owners of any construction project – from industrial and commercial assets to infrastructure – can avoid delays and save money.”

“Projectmates’ solution nicely complements our existing comprehensive construction portfolio (HxGN Smart Build) used by general contractors and leading EPCs, which includes enterprise planning and project controls software and reality capture solutions that monitor job site safety and evidence job site progress,” continued Guglielmini. “With Hexagon’s established global channels and engaged customer base, Projectmates will be able to expand its industry-leading solution to asset owners around the world.”

Headquartered in Dallas, Texas, USA, and serving a wide range of clients and industries with over 100,000 active projects across North America, Projectmates (Systemates, Inc., doing business as Projectmates), will operate within Hexagon’s Geosystems division. The acquisition has no significant impact on Hexagon’s earnings, with a closing subject to customary regulatory approvals – expected over the coming weeks.

TalkDev Bureau
TalkDev Bureau
The TalkDev Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Doodles 2 Introducing On Flow, As The Web3 Giant Begins Its Journey To Onboard Millions

Doodles, a leading Web3 media and entertainment franchise, will launch the highly anticipated Doodles 2 on Flow blockchain, the platform...

Chinese hackers are using the SparkRAT open source tool

According to cybersecurity company SentinelOne, a Chinese threat actor known as DragonSpark has been using the open-source remote...

Altova Launches New Features For Low-Code & No-Code App Development

Altova® announced the release of MobileTogether 8.1, its low-code app development platform for building enterprise solutions and native...

3 Best Application Deployment Strategies in 2023

The success of any application will depend on its deployment strategy. Hence developers, should ensure they have the...