Hexagon has bought project management software company Projectmates
Digital reality company Hexagon AB has announced the acquisition of Projectmates, a software as a service (SaaS)-based construction project management software provider.
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.
It links owners with job sites in real-time so they can see critical information about design changes, job site progress and expectations. Owners can streamline communications and collaboration with architects, engineers and contractors to improve response times, workflows and return on investment.
“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,” Hexagon president and CEO Paolo Guglielmini says.
“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 used by general contractors and leading EPCs [enterprise planning and controls], which includes enterprise planning and project controls software and reality capture solutions that monitor job site safety and evidence job site progress.
“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.”