CONSTRUCTION

ABC and Procore Announce Partnership to Provide Construction Management Solutions for ABC Members

ABC | September 13, 2021

Associated Builders and Contractors and Procore Technologies, Inc, a leading provider of construction management software, announced a partnership that provides ABC chapters and members exclusive discounted pricing on their new purchases of Procore products and services“Many of our members are eager to boost their technology portfolio to enhance profitability, safety and efficiency, and this partnership can help our members achieve their goals,” said Matt Abeles, ABC vice president of construction technology and innovation. “Procore is already a valued ABC Tech Alliance member and part of our Tech Marketplace, and I believe that they will be a constructive business partner for our 21,000-member companies because of their many industry-leading project management solutions.”

“Procore’s vision is to improve the lives of everyone in construction, and we are honored to partner with ABC to expand access to our platform and services to all their members,” said Kristopher Lengieza, vice president of global partnerships & alliances at Procore. “We are committed to providing the construction industry with technology and partnership to build smarter.”

Procore’s platform connects entire project teams from the office to the field and across companies, providing one place to work together to do what they do best—build. Procore helps increase productivity and efficiency, reduce rework and costly delays and improve safety, compliance, financial transparency and accountability.

Procore has been involved with ABC in a number of strategic initiatives since 2016, and is a member of the ABC Tech Alliance and ABC Tech Marketplace.

About ABC
Associated Builders and Contractors is a national construction industry trade association established in 1950 that represents more than 21,000 members. Founded on the merit shop philosophy, ABC and its 69 chapters help members develop people, win work and deliver that work safely, ethically and profitably for the betterment of the communities in which ABC and its members work.

About Procore
Procore is a leading 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, California, Procore has offices around the globe.

Spotlight

Technological advances with drones and robotics have created numerous opportunities for warehouses to reduce overhead costs, improve accuracy and refit operations for peak efficiency. Fulfillment centers may utilize a force of human pickers and packagers, mechanized systems for sorting and conveying items, or robots.

Spotlight

Technological advances with drones and robotics have created numerous opportunities for warehouses to reduce overhead costs, improve accuracy and refit operations for peak efficiency. Fulfillment centers may utilize a force of human pickers and packagers, mechanized systems for sorting and conveying items, or robots.

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CONSTRUCTION

Japan-based construction tech company Log Build chooses Vonage to enhance customer experience

Vonage | August 20, 2022

Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation, is enabling Japan-based construction tech company Log Build to seamlessly engage with its customers via high-quality live video calls that encourage collaboration on operations and services to enhance the customer experience. Log Build was founded with the aim of bringing to the world a service that enables truly necessary remote construction management. By integrating the Vonage Video API directly into the Log Build software, the company is able to connect with carpenters and other tradespeople via highly reliable, interactive live video calls, enabling them to reduce the time and expense associated with physical travel to the site. Log Build has established new forms of remote site visualization apps, such as video communication apps, that enable remote on-site inspections of construction sites (Log Meet); construction site progress and safety management apps using VR (virtual reality) software (Log Walk); and 24-hour site patrols by avatar robots (Log Kun). "I founded Log Build because even though technology has evolved, I saw from my own experience as a site manager and my position as the owner of a construction company that site management is stuck in analogue. I wanted to bring a service to the world that would realize truly necessary remote construction management." -Kenichi Nakabori, CEO of Log Build. When COVID-19 caused restrictions not only to the way the construction industry works, but also to the way people travel and communicate, we turned to Vonage to embed its Video API within our software to make it easy to connect with craftspeople and clients and enable high-quality remote site management of construction sites with innovative video solutions. Powered by the Vonage Video API, Log Build apps allow contractors and other customers to inspect construction sites remotely, from any location, on their preferred device, more smoothly, quickly and safely. The rise of remote working during and post pandemic has accelerated the adoption of artificial intelligence, augmented reality and VR solutions. In 2021, the global VR market size was valued at USD 21.83 billion and is expected to expand at a compound annual growth rate (CAGR) of 15% from 2022 to 2030. Asia Pacific accounted for the largest revenue share of over 40% in 2021, which can be attributed to the growing improvements in VR technology.1 "The pandemic drove businesses to accelerate their digital transformation and rethink how they engaged with their customers. Post-COVID, businesses are not reverting to their old ways of offering services but increasing the use of digitalization and adoption of tools like artificial intelligence and video solutions to offer unique customer experiences, With the Vonage Communications Platform, we are happy to support innovative businesses like Log Build as they build the future of immersive engagement." -Amitha Pulijala, VP of Product, Platform Services, AI and Video, Vonage. The Vonage Communications Platform (VCP) has more than one million registered developers and offers a full suite of programmable voice, video, messaging, and email services to forward-thinking businesses throughout the Asia-Pacific market and worldwide. Through its partners, Vonage's platform is at the center of many notable transformational projects in the region, and a de facto for startups. About Vonage: Vonage, a global cloud communications leader, helps businesses accelerate their digital transformation. Vonage's Communications Platform is fully programmable and allows for the integration of Video, Voice, Chat, Messaging, AI and Verification into existing products, workflows and systems. The Vonage conversational commerce application enables businesses to create AI-powered omnichannel experiences that boost sales and increase customer satisfaction. Vonage's fully programmable unified communications, contact center and conversational commerce applications are built from the Vonage platform and enable companies to transform how they communicate and operate from the office or remotely - providing the flexibility required to create meaningful engagements.

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CONSTRUCTION

Construction Resources Acquired by Mill Point Capital

Construction Resources | July 19, 2022

Construction Resources, LLC, (CR), a 52-year-old Atlanta-based company, has recently been acquired by an investment group, Mill Point Capital. The goal is to support the business's strategic growth plans, including geographical expansion via green fielding and acquisition in its core product categories. Over the past decade, CR has expanded its service area, product categories, and offerings to better serve its customers, and with the Mill Point partnership, will continue to focus on growth initiatives providing enhanced opportunities to CR employees across the U.S. through their legacy brands and locations. "Our company has always believed in developing our team and fostering relationships while we provide the best possible solutions and products to our residential, multi-family, fabricator, and commercial customers. As part of International Designs Group and Mill Point Capital, we plan to continue our mission of being a loyal partner to our customers and vendors, creating job opportunities, and working with our 750 employees across 30-plus locations." -Mitch Hires, CEO of Construction Resources. In late 2015, Construction Resources was acquired by Monomoy Capital Partners and continued further strengthening the company's footprint and product offering. In 2019, CR acquired United Materials, Inc., helping expand its product and geographic reach. Throughout the Monomoy hold period, they have significantly expanded their construction and design influence in the southeastern part of the United States, as well as integrated and professionalized the business. Through growth and expansion, CR has always maintained its brand legacy and relationship value with its associates and customers and plans to continue operating under the same model. While the Company has grown over the years, its leadership team and focus have been consistent. CR is pleased to report its entire Senior Leadership Team will be moving forward with Mill Point post transaction. "Mitch and his team have built a special platform in Construction Resources. The growth opportunities in front of the Company are exceptional, and we are thrilled to be bringing CR into the International Designs family, We've been extremely impressed by the entire CR team, and the excellent foundation they have built. We're excited to partner with Mitch and the rest of the CR team to continue growing the International Designs platform and pursuing the numerous opportunities ahead." -Rick Bennet, Executive Partner and Executive Chairman of the Board, Mill Point. About Construction Resources- For 50+ years, CR has provided residential and commercial builders and remodelers, as well as homeowners, with a one-stop shop for their surface, appliance, and architectural specialty needs. Construction Resources offers an array of high-quality proprietary and sought-after blue-chip brands for builders and homeowners. The company is headquartered in Atlanta, Georgia, with showrooms, surface galleries, and design centers located regionally. For more information, please visit www.constructionresourcesusa.com. About Mill Point Capital- Mill Point Capital LLC is a private equity firm focused on control investments in middle market companies in North America across the business services, IT services, and industrial sectors. Mill Point's experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements.

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MATERIALS,CONSTRUCTION

Hoffmann Green Signs a 3-year Cement Supply Contract With Real Estate Developer P2i

P2i | September 06, 2022

Hoffmann Green Cement Technologies (ISIN: FR0013451044, Ticker: ALHGR) (Paris:ALHGR) (“Hoffmann Green Cement” or the “Company”), an industrial player committed to decarbonizing the construction sector that designs and distributes innovative clinker-free cement, announces that it has signed a 3-year contract including volume commitments with real estate developer P2i. P2i, an independent real estate developer founded in 1994, has already delivered more than 3,000 homes and 32,000 sq. of commercial property. The Company is today making a very real commitment to reducing the construction sector’s environmental impact. From 2022 and for the next three years, Hoffmann Green will supply its H-UKR and H-IONA clinker-free decarbonized cements for the purpose of constructing collective and individual homes, offices and business premises in the Grand Ouest region of France. “We are delighted to have signed this contract with P2i that allows us to continue our solid commercial momentum. This deal illustrates the interest shown by this sector’s professionals in our decarbonized solutions and the growing awareness among real estate developers of the need for a more environmentally friendly construction process. This is the fourth real estate developer with which Hoffmann will collaborate, fueling the Company’s growth”. -Julien BLANCHARD and David HOFFMANN, co-founders of Hoffmann Green Cement Technologies. Gilles MADRE, President of P2i, added: Aware of our activity’s environmental, social and societal challenges, we are continually striving, in close collaboration with local authorities, to find new solutions that will make towns more sustainable, more virtuous and more ethical. The signing of this commercial partnership regarding the use of Hoffmann Green cement through 2025 reflects this desire to combine construction, sustainability and innovation for the benefit of our clients. ABOUT HOFFMANN GREEN CEMENT TECHNOLOGIES: Founded in 2014 and based in Bournezeau (Vendée, Western France), Hoffmann Green Cement Technologies designs, produces and distributes innovative extremely low-carbon cements – with a carbon footprint 6 times lower than traditional cement – that present, at equivalent dosage and with no alteration to the concrete manufacturing process, superior performances than traditional cement. With one 4.0 industrial sites already operational and two new sites on the way, the Group has industrialized a genuine technological breakthrough based on alterations to cement’s composition and the creation of a clean, heating-free and clinker-free manufacturing process making it a leading and unique player on a cement market that has not undergone any significant changes in the last 200 years. Within the context of the climate emergency, Hoffmann Green Cement is thus actively participating in the energy transition by working to create eco-responsible buildings and by encouraging the circular economy and the preservation of natural resources. Thanks to its unrivaled technological know-how that is constantly improving, driven by effective and cutting-edge teams, Hoffmann Green Cement Technologies addresses all construction sector markets, both in France and abroad. ABOUT P2i: P2i: a unique vision of real estate development and investment, to build tomorrow’s real estate together. Based in Angers, northwestern France, P2i covers the Grand-Ouest region, from Toulouse to Paris and the Rhône-Alpes-Auvergne region, and has 95 staff and 13 offices firmly rooted in their communities. A genuine partner for towns and cities, P2i breaks with traditional codes and develops a unique approach to real estate professions, in order to closely adapt to each site’s specificities. Collective housing, individual homes, building land, serviced accommodation, offices, business premises, urban planning, industrial sites, rehabilitation of unique buildings, hotels and land: with each of its projects, P2i provides a solution tailored to the real estate need.

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