Newforma and Technology BIM One Inc. jointly announced they have reached an agreement under which Newforma, a portfolio company of Battery Ventures, will acquire BIM One. With 122,000 users worldwide, Newforma is the pioneer in Project Information Management (PIM) for the design and construction industry. Newforma joins forces with Québec-based BIM One (BIM One Consulting and its BIM Track SaaS coordination, collaboration, workflows and analytics product).
“I am extremely pleased to welcome the employees and clients of BIM One Consulting and BIM Track to the Newforma Holdings family,” said Brock Philp, CEO of Newforma, “the Global AECO ecosystem is increasingly embracing BIM technology. Acquiring BIM One brings unparalleled BIM expertise and the industry-leading BIM Track software product to the Newforma family.”
BIM One will continue to function as a standalone business with co-founder and CEO Jimmy Plante now reporting directly to Newforma’s Brock Philp. Co-founder Carl Veillette, the rest of the BIM One leadership team, and their respective organizations, will continue to report to Mr. Plante.
“This acquisition demonstrates Newforma’s commitment to continually evolve our technology offering as well to expand our reach across the AECO ecosystem,” added Philp. “We are excited to see what additional value we can create for our growing list of mutual customers through a Connector between BIM Track and Newforma Project Center, but first and foremost, our goal is to support Jimmy and Carl in continuing the rapid growth of their business.”
Jimmy Plante, co-founder and CEO of BIM One said, “We were attracted to Newforma as an acquirer because we share a software-agnostic approach that connects people to technology and fosters better project collaboration. Though we’ve focused on different areas of the collaboration problem, we have a shared mission of helping the industry solve interoperability issues. Joining forces with Newforma is sure to accelerate our growth as we continue to fulfill our missions as world-class technological leaders in the AECO industry,” concluded Plante.
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