Foresite | July 26, 2022
Foresite Technology Solutions, LLC, a Software-as-a-Service (SaaS) construction company, today announced a partnership with Lilt, the leading global experience platform, to integrate multilingual content into Foresite's platform for increased accessibility and improved Foresite user experience.
With this new capability, Foresite seeks to eliminate the barriers that foreign language can have in communication-based safety issues in construction. A 2019 report from the American Council on the Teaching of Foreign Languages highlights the importance of multilingual capabilities in construction, reporting that 42% of construction industry employers rely heavily on employees for whom English is a second or third language.
Foresite solves some of the biggest challenges builders and trade contractors face, including increasing productivity, safety, and efficiency at the jobsite, while supporting upskilling of the labor force with learning in the flow of work. With the integration of Lilt, Foresite incorporates cost-effective multilingual content to support its efforts to break down language barriers, an imperative software capability in the construction industry.
"From the start, we envisioned Foresite as the open platform of choice, connecting strategic partners to drive innovation for our customers, Our partnership with Lilt highlights how we use leading technology partners, such as Lilt, to improve the construction industry labor force with multilingual upskilling content. This partnership represents the leading edge of our strategy to reimagine and re-equip the labor force and bring a range of partners to the Foresite ecosystem."
-John Gillett, founder and CEO of Foresite.
Lilt leverages experienced human linguists and its AI-powered platform to translate websites, product manuals, compliance materials, technical documentation, e-learning content, and more for their customers, providing end-to-end multilingual support. The Lilt platform utilizes AI and automation to maintain quality and keep margin of error to a minimum.
"Foresite recognizes that the elimination of language barriers reduces risk, increases safety, and empowers employees, We started Lilt to increase access to opportunity for all, and we're inspired to join Foresite in this important work for the construction industry."
-Spence Green, CEO of Lilt.
Beyond the advanced Lilt technology, employing highly educated, experienced translators improves consistency in the Lilt product and services for their customers. Lilt works with diverse enterprise customers across the construction industry, translating content such as on-site construction e-learning content, supply chain visibility platform information, and app-based risk management product information, and it will bring this experience to bear in this new partnership with Foresite.
Foresite is an innovative and transformative construction platform built on 25 years of intellectual property and industry knowledge. The platform provides intelligent gross margin management for field operations, serving builders, trade contractors, manufacturers, and insurers, in addition to unprecedented control over critical operational processes. Users access preconfigured content-based solutions such as workforce efficiency & productivity, job site logistics, project safety, quality control, and regulatory compliance, rapidly driving process optimization at the jobsite.
Headquartered in San Francisco, Lilt is the leading global experience platform, enabling organizations to build and deliver multilingual experiences at scale across every step of the global customer journey through its translation technology and services. The Lilt Platform uses AI and automation to make the localization process faster, better, and simpler, bringing human-powered, technology-assisted translations to global enterprises. Lilt gives industry-leading organizations like Intel, ASICS, Emerson, UiPath, and Canva everything they need to scale their global experience programs and go-to-market faster. Lilt has additional global offices across North America, Europe, and Asia.
RailWorks Corporation | August 24, 2022
RailWorks Corp. ("RailWorks" or "the Company"), the leading North American specialty construction and maintenance rail contractor, announced today it has acquired H&H Engineering Construction ("H&H"), a rail maintenance and construction contractor for the Western United States providing services for transit, ports, freight railroads, and rail served industrial companies.
The transaction follows RailWorks' recently completed acquisition of Progress Rail's Rail Welding Services Division, a specialized provider of flash butt welding ("FBW"), enabling RailWorks to utilize best-in-class FBW capabilities and offer rail customers expanded maintenance of way services. Financial terms of these transactions were not disclosed.
RailWorks provides comprehensive specialty railroad construction and maintenance services, which include track construction, turn-key rehabilitation and maintenance, and innovative solutions for predictive track maintenance. The integration of H&H will strategically expand RailWorks' presence on the West Coast with a best-in-class team of professionals serving a diverse base of rail customers. As part of the RailWorks team, the H&H teams will be able to leverage FBW crews and equipment from the Rail Welding Services Division, leading to additional incremental growth opportunities.
RailWorks is a portfolio company of Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, which it partnered with in November 2021 to drive long-term strategic growth and expand its core offerings and capabilities.
"This is an exciting time for RailWorks. These complementary acquisitions represent a significant expansion of our offerings and the ways in which we can service our valued customers across the country, As we continue to grow our business and execute on a shared vision with our partners at Bernhard Capital, we see a number of exciting opportunities to further expand our offerings and continuously enhance the safe, high-quality services customers expect from RailWorks."
-Kevin Riddett, RailWorks President and CEO.
In addition to executing on its strategic growth objectives, RailWorks has also remained committed to expanding its industry-leading commitment to safety. In May 2022, the company announced a partnership with Miller Ingenuity's ZoneGuard product line, a roadway worker protection system to detect track vehicles entering active work zones, provide advanced technology to the RailWorks portfolio, and improve overall roadway worker protection. Through this partnership, RailWorks is expanding the Company's commitment to a safety-first culture and working to accelerate safety technology adoption throughout the North American rail market.
"RailWorks' services are essential to supporting a critical mode of transportation for much of the country's population, These acquisitions and our new technology partnership solidify RailWorks' position as the industry leader for rail system maintenance, repair, and construction services. We are excited to continue to work closely with Kevin and his exceptional team to further expand the company's technology offerings and solutions-oriented approach, while maintaining RailWorks' commitment to its customers and to employee safety."
-Mark Spender, Partner at Bernhard Capital.
About RailWorks Corporation:
Founded in 1998, RailWorks Corporation provides track construction, electrical systems construction, maintenance services and products throughout the United States and Canada for major transit authorities, Class I and short-line railroads, and rail-served commercial and industrial companies. Trusted RailWorks brands include L.K. Comstock Inc., PNR RailWorks, NARSTCO, and HSQ Technology.
About Bernhard Capital Partners:
Bernhard Capital Partners is a services and infrastructure-focused private equity management firm established in 2013. Bernhard Capital Partners has deployed capital in four funds across several strategies, has approximately $2.9 billion of gross assets under management and is ranked as one of Private Equity International's 300 largest private equity firms worldwide. Bernhard Capital Partners seeks to create sustainable value by leveraging its experience in acquiring, operating and growing services and infrastructure businesses.
Kastle Systems | July 13, 2022
Kastle Systems, the leader in property technology and America's largest managed security provider, has been named to the Rokstone Construction Risk Underwriters (Rockstone CRU) Approved Security Vendor list. Rokstone CRU is a specialty Managing General Underwriter offering Casualty and Builder's Risk insurance products and services for complex construction projects throughout the US.
As a Rokstone Approved Security Vendor, Kastle can now deploy MobileSentry, the company's signature construction site video surveillance security solution, on any Rokstone-insured project. Kastle's MobileSentry enables construction companies to avoid paying the high costs associated with staffing in-person security guards after hours at construction sites by employing analytic enabled cameras with artificial intelligence instead. These smart cameras are programmed to digitally diagnose potential problem situations on-site and instantly alert live agents remotely monitoring from the Kastle US-based video operations center. Agents can view the video stream in real-time and administer live audio talk down deterrents to any human transgressor. MobileSentry also provides cloud-based storage of video for up to two years
"Kastle is proud to be named an Approved Security Vendor by Rokstone. Our priority at Kastle is to protect our client's sites and provide them with the most reliable and cost-efficient security technology and security solutions, like MobileSentry, from groundbreaking day one, We are eager to continue our work to protect the assets and sites of Rokstone insurers around the country."
-Nik Gagvani, General Manager of Video Services.
Kastle's system not only meets Rokstone's standard for analytical performance, but their approach to perimeter security also aligns with our emphasis on deterrence. Preventing a breach, rather than just capturing it, is imperative in our world. We believe Kastle has a first-class system to protect our risks across the country and are pleased to add them to our approved list of vendors. said Colton Kovar, Risk Engineer, Rokstone CRU.
About Kastle Systems-
Kastle Systems has been leading the property technology industry since 1972 with advanced technology solutions and services, protecting commercial real estate, multi-family residential, global enterprises, educational institutions, and critical government facilities. Kastle's state-of-the-art solutions include access control, video surveillance, visitor management and identity management, as well as a suite of mobile security applications, all integrated on an open, standards-based platform and supported by a team of experts 24x7x365. Headquartered in Falls Church, Virginia, Kastle is on Silicon Review's 2021 Five Best Security Companies to Watch list.
About Rokstone Construction Risk Underwriters-
Rokstone CRU is a specialty MGU offering Casualty and Builder's Risk insurance products and services for complex construction risks and projects throughout the United States. Our multifaceted team is equipped to successfully insure this intricate business with experience, expertise, and analytical thinking. Our team includes veteran construction insurance professionals, specialty claims experts and cutting-edge risk engineering specialists. Our advanced technology and analytics allow us to enhance the process, think innovatively and deliver customized products and concepts to our customers.
Rokstone's approach is to engage and work closely with the client's management team to review project systems and plans, identifying areas of concern. By engaging with the client's leadership team and utilizing these feedback systems, we are able to provide customized solutions and processes to fill any risk gaps and implement enhanced safety and risk management practices from the boardroom to the field level employees.