Category Archives: AEC

Trimble Q1 Revenue Up 7% to $994M with $110M Profit

SUNNYVALE, CA, May 6, 2022 – Trimble Inc. announced financial results for the first quarter of 2022. Revenue for the first quarter of 2022 was $993.7M, up 7.3% compared to $926M for the fourth quarter of 2021. GAAP net income was $110.3M.

Comparative analysis based on Trimble’s financial results in the last 12 quarters (Result source Trimble website)

Comparative analysis based on Trimble’s financial results in the last 12 quarters (Result source Trimble website)

“Trimble is a purpose-driven company, transforming and digitizing industries that support how we live, what we eat, how we move,” said Rob Painter, Trimble’s president and chief executive officer. “Record total revenue and annualized recurring revenue demonstrate the value of our continuing growth and commitment to innovation and sustainability. Excluding the impact of our recently announced divestitures and recent changes in foreign exchange rates, our updated guidance reflects a projection of higher ARR growth, revenue and earnings.”

A complete chart of the financial results is available here.

About Trimble

Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation.

For more information about Trimble, visit www.trimble.com.

Trilon Partners with DRMP, ESI Consultants

DENVER, CO, May 6, 2022 – Trilon Group (Trilon), a family of infrastructure consulting businesses backed by Alpine Investors, announced new partnerships with DRMP Inc. and ESI Consultants that continue to advance Trilon towards its vision of building the next Top 20 infrastructure services firm in North America.

With the addition of DRMP and ESI, Trilon launches its National Transportation platform and expands its presence into the Southeast and Midwest regions. The Trilon family of companies also includes Waggoner Engineering, a Mississippi-based engineering services firm which joined the group in February 2022. Trilon is backed by Alpine Investors, a people-driven private equity firm committed to building enduring businesses, and pursues partnerships with like-minded engineering firms focused on delivering practical and sustainable infrastructure solution.

Founded in 1977, DRMP is a multi-discipline civil engineering and surveying firm that develops innovative design solutions for infrastructure development in the public, private and industrial sectors. DRMP employs over 500 professionals in 19 offices across the Southeast region of the U.S. with headquarters in Orlando, FL. With its deep expertise in transportation infrastructure, planning and design services, DRMP will help lead the growth strategy for Trilon’s National Transportation platform. Larry Smith, Jr., PE will continue to lead DRMP as CEO / President.

Founded in 2003, ESI is an engineering and architectural consulting services firm that is committed to building enduring relationships with its business partners and clients by providing cost-effective and innovative solutions. ESI’s staff is committed to providing Excellence, Service, and Integrity in everything they do. The company is headquartered in Naperville, IL with additional offices in Charleston and Chicago, IL and Hammond, IN. ESI will continue to be led by president and founder, Joe Chiczewski, PE.

“We are thrilled for DRMP and ESI to join Waggoner as members of the Trilon family,” said Trilon CEO Mick Renshaw. “Larry and Joe have built extraordinary companies and phenomenal leadership teams that share a passion for serving their communities, clients, and employees and that make DRMP and ESI fantastic strategic and cultural fits for Trilon. We are excited to support both companies by investing in talent, technology, and targeted M&A to help them accelerate their growth ambitions. By serving as a growth accelerator for quality firms, Trilon is able to help firms expand the services they provide to their clients and the career advancement opportunities they can offer their employees.”

“Building on Trilon’s initial partnership with Waggoner, we are excited for the platform to grow with the addition of two high-quality, deeply experienced firms that bring crucial expertise in transportation infrastructure and civil engineering. Both DRMP and ESI are exceptional companies that share Trilon’s vision for the future of infrastructure and have cultures that align closely with Alpine’s PeopleFirst philosophy,” said Alpine partner Dan Sanner. “We are pleased to be able to support both companies in their continued growth with capital from our eighth flagship fund.”

Trilon is actively seeking partnerships with infrastructure services businesses in any of its key markets, including transportation, water, utilities, environment, and community infrastructure.

About Trilon Group

Trilon group was formed with a vision to build the next Top 20 infrastructure services firm in North America by bringing together some of the nation’s best infrastructure consulting firms. Key focus areas include transportation, water, utilities, environment and community infrastructure. Trilon currently comprises 650 staff across 34 offices in the US.

For more information, visit www.trilongroup.com.

About DRMP Inc.

Founded in 1977, DRMP is a multi-discipline firm helping clients design and deliver infrastructure for the community-at-large. DRMP currently employs 500 professionals in 19 office locations spread strategically across its service areas. DRMP is ranked among Engineering News-Record’s “Top 500 Design Firms” in the United States.

For more information, visit www.drmp.com.

About ESI Consultants

Founded in 2003, ESI Consultants, provides a broad range of engineering and architectural consulting services and has built and advanced a high quality, service orientated reputation by providing professional service with a practical approach. ESI’s goal is to build enduring relationships with its business partners and clients by providing cost-effective and innovative solutions ESI’s staff is committed to providing excellence, service, and integrity in everything it does.

For more information, visit www.esiltd.com.

About Alpine Investors

Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in companies in the software and services industries. Its PeopleFirst strategy includes a CEO program which allows Alpine to bring leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its $2.25 billion eighth fund.

For more information, visit www.alpineinvestors.com.

Procore Opens Asia-Pacific HQs in Sydney, Australia

SYDNEY, Australia, May 5, 2022 – Procore Technologies, Inc., a leading global provider of construction management software, announced the opening of its new Asia-Pacific headquarters in Sydney. The continued investment in the region follows significant local demand, with business nearly doubling across Asia Pacific from 2020 to 2021.

(Photo: Business Wire)

Five years since opening its first office in Australia, the investment in a new, larger space demonstrates Procore’s ongoing commitment to Sydney as its regional headquarters. The company’s rapidly expanding local team continues to grow in response to sustained customer growth across APAC in 2021. To scale the business and meet the continued demand of the local construction industry, Procore has plans to create over 100 new jobs in ANZ.

Tom Karemacher, vice president APAC at Procore commented, “As both the business and the team have rapidly expanded, we needed a flexible and collaborative new working environment that is built for true scale. Procore understands that most employees now prefer a hybrid working style, so we made a conscious decision to allow one desk for every two employees, and ensure all meeting and event spaces could provide a great experience both in person and virtually. We hope to attract and retain the brightest talent on Australian shores.”

(Photo: Business Wire)

Procore’s new offices are set in SubStation No.164, two adjacent historic Sydney buildings that have been innovatively revitalised into a commercial and cultural space by Built. The world-class office facility in this iconic Sydney site spans 15,000 square feet over two floors, equipped with automated technology to support sustainability and the wellbeing of occupants. Completed by Belvia, the internal fitout has drawn inspiration from Procore’s flagship US offices in Carpinteria, California and Austin, Texas, while ensuring it is designed to meet the unique needs of the ANZ team.

“The substation is a special, historical development that Procore was drawn to because it celebrates Sydney’s heritage, at the same time as showcasing the vision, skill and innovation of the local construction industry,” Karemacher continued. “We have also acknowledged the traditional owners of the land, the Gadigal people of the Eora nation, by choosing native language names for meeting rooms and commissioning indigenous artwork to decorate the spaces. We are excited to gather, collaborate and continue to grow in our dynamic new Asia-Pacific headquarters.”

“The team at Built was delighted to be able to deliver a first class fitout for Procore in our award-winning SubStation No.164 building. The synergy of working with the Procore team was evident from day one with our shared commitment to collaboration and forward thinking which made the journey from design of the space through to handover a rewarding experience for all stakeholders,” said John de Smet, Director Small Works and ACT at Built.

In addition to investing in this new office space, Procore is doubling down on its commitment to innovating new solutions that address the specific challenges faced by the construction industry in Australia and New Zealand. The company has had global success with the solutions developed for the Australian market to date, including CorrespondenceAction PlansQuality EssentialsDocument Control and Safety Essentials.

“PBS Building is thrilled to continue our longstanding partnership with Procore. Having worked with the team for 5 years, we value Procore’s commitment to local innovation and they will continue to be our preferred construction technology partner,” said Matthew Rayment, chief operations officer at PBS Building.

Key reference customers for Procore in ANZ include SHAPE, Meriton, Charter Hall and PBS Building. The ongoing demand for Procore’s solutions is supported by a growing partner ecosystem, with nearly 350 integrations now available on Procore’s App Marketplace.

“Procore exists to improve the lives of everyone in construction. The enthusiasm of our local customers and partners over the past five years is a real testament to the Procore platform and our team’s ability to innovate and solve for local challenges. The design of the new offices includes purpose-built spaces to entertain our customers and partners and showcase the solutions we have developed for them. We look forward to welcoming the Procore community to Clarence Street for years to come,” Karemacher concluded.

Visit Procore.com/jobs to view and apply for open roles.

About Procore

Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore’s platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore’s App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, CA, Procore has offices around the globe.

Learn more at Procore.com.

IMAGINiT Receives Autodesk Platinum Club Awards for 9th Year

BALTIMORE, MD, MAY 4, 2022 – For the ninth consecutive year, IMAGINiT Technologies has earned Autodesk Platinum Club Awards in recognition of their accomplishments. Based on IMAGINiT’s outstanding performance in Autodesk’s most recent fiscal year, their Canadian operations received an award for Top Growth in Product Design and Manufacturing. While IMAGINiT’s US operations received the Top Growth in Premium Subscription award.

“We appreciate Autodesk’s acknowledgement of our ability to develop and nurture long-term customer relationships built on trust and adding value to their operations,” says Bill Zavadil, president and chief operating officer, Rand Worldwide, the parent company of IMAGINiT. “These awards validate our continued investments in supporting our customers who maintain Autodesk or Autodesk Premium subscriptions, as well as our significant and ongoing investments in the training and education of our specialized teams, as recently undertaken with our Manufacturing team in Canada. Throughout North America, our customer-centric approach allows our experts to help identify underlying challenges that our customers face and together, develop and execute a plan to overcome them resulting in more effective processes and business outcomes.”

“We applaud IMAGINiT as they continually extend their leadership position by finding new ways to support customers at every stage,” says Roland Zelles, senior vice president and chief revenue officer, Autodesk. “As a company that is dedicated to customer success, we’re excited to work with partners like IMAGINiT who also support this initiative and inject innovative ideas into the process.”

About IMAGINiT Technologies

IMAGINiT Technologies, a division of Rand Worldwide, advances the way architects and engineers design, develop, and manage projects. Customers of this leading professional services and technology company include organizations in the building, infrastructure, manufacturing and facilities management industries. Organizations of all sizes work with IMAGINiT Technologies to gain competitive advantages through expert technology consulting, implementation, training, and support services. As one of the world’s largest integrators of Autodesk 3D design and engineering software, the team leverages unrivalled industry experience to design systems that accelerate innovation while improving project quality and profitability.

About Rand Worldwide

Rand Worldwide is one of the world’s leading providers of professional services and technology to the engineering community, targeting organizations in the building, infrastructure and manufacturing industries.

For more information, visit www.rand.com.

Matterport Expands in Japan for Digital Twin Platform

SUNNYVALE, CA, Apr 29, 2022 – Matterport, Inc., the leading spatial data company driving the digital transformation of the built world, announced it is expanding its presence in Japan. Japan represents one of the largest property markets in the world with more than 324 million physical spaces ready to be digitized. As part of the expansion, Matterport will increase investments to open new sales channels and broaden its customer service operations to support the growing adoption of the Matterport digital twin platform within the country.

Numerous customers in Japan use the Matterport Digital Twin Platform today, including real estate development company Mitsubishi Estate Residence Co., Ltd, and Takenaka Corporation, a major Japanese architectural engineering and construction company. Mitsubishi Estate Residence leverages Matterport to create virtual experiences in support of residential real estate transactions while Takenaka Corp. uses digital twins to streamline facility management and remote building site inspections.

“Use of Matterport first spread by word-of-mouth, and before we knew it, a community of users had formed naturally within the company,” said Yasutomo Matsuoka, chief researcher, Advanced Mathematical Sciences & Informatics Group, Future & Advanced Technology Research Department, Research & Development Institute at Takenaka Corp. “I think it’s simple—good things become popular. Matterport’s digital twin technology not only provides the high-quality, precise data required to meet the needs of those working in the field, but also enables remote checking by personnel located overseas, leading to significant reductions in travel and labor costs.”

Today, the Matterport digital twin platform helps customers in Japan transform how they interact with and manage their spaces through a digitally accurate and immersive experience. Digital twins help people in a range of business roles improve operational efficiency by reducing travel or enabling them to collaborate from anywhere. Additionally, marketers can use digital twins to create beautiful and engaging customer experiences that drive booking and sales.

“We continue to see strong interest across multiple industries for using Matterport Digital Twin Platform to improve how businesses grow, operate, and innovate,” said Howard Xiao, president and operating officer of Matterport’s Japanese operations. “With further investments in Japan, we look forward to expanding our operations in the region to support demand for the Matterport Digital Twin Platform while assisting the needs of our customers in Japan.”

To visit Matterport’s Japanese website, visit https://matterport.com/ja.

About Matterport

Matterport, Inc. is leading the digital transformation of the built world. Their groundbreaking spatial data platform turns buildings into data to make nearly every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing.

For more information, visit https://matterport.com/.