Engineering Tech

Ness Digital Engineering Acquires Mvp Factory - A Leading German Headquartered Product Design, Digital Innovation And Venture Builder

Ness Digital Engineering Acquires Mvp Factory - A Leading German Headquartered Product Design

Ness Digital Engineering is pleased to announce its acquisition of MVP Factory - a leading German headquartered corporate venture builder & product design studio.

"MVP Factory's expertise in helping clients incubate and scale digital ventures and design software products further strengthens our strategy to be a specialist in digital engineering," said Ranjit Tinaikar, Chief Executive Officer, Ness. "We have been deeply impressed by MVP Factory's leadership and team in their distinctiveness and design-based approach to digital innovation. We are truly excited to have them join our team."

Headquartered in Berlin, Germany, MVP Factory provides an end-to-end service for digital venture and product building and has successfully pioneered the venture studio model with global clients such as DB Schenker. It allows clients to ideate, validate, launch and scale digital ventures using lean and agile methodologies. Additionally, MVP Factory's cross-functional team offers an entrepreneurial mindset helping identify new opportunities and business models in rapidly changing industries.

"Joining Ness Digital Engineering, backed by KKR, offers a fascinating opportunity for the global expansion of MVP Factory," said Philipp Petrescu, MVP Factory's Founder & CEO. "Through our combined offering, Ness can further solidify its position as one of the few at-scale pure digital engineering players that seamlessly manages projects from new venture ideation and incubation to technical execution. The synergies will offer immediate value to our clients".

About Ness Digital Engineering

Ness Digital Engineering, which funds managed by global investment firm KKR acquired in 2022 is a full life-cycle digital engineering firm offering digital advisory through scaled engineering services. Combining our core competence in engineering with the latest in digital strategy and technology, we seamlessly manage Digital Transformation journeys from strategy through execution to help businesses thrive in the digital economy. For more information, visit www.ness.com.

Spotlight

Spotlight

Related News

Construction

Introducing Standalone Takeoff Software by PlanHub: Simplifying preconstruction for everyone

PRWeb | September 01, 2023

PlanHub, the leading preconstruction software as a service (SaaS) company, is excited to announce that Takeoff Core, previously released as a cloud-based, integrated takeoff software built into PlanHub, is now also available as a standalone. Takeoff Core helps subcontractors perform takeoffs efficiently, eliminating the need for manual work, outdated desktop software, and complicated digital solutions. In preconstruction, time is money. The more time it takes to perform takeoffs and submit bids, the more subcontractors risk losing out on valuable revenue opportunities. Manual methods and locally installed desktop software can slow down takeoff processes, and many digital solutions currently on the market can be overly complex and not user-friendly. Takeoff Core relieves bottlenecks in the pre-construction workflow with automation that makes measuring and estimating faster and more accurate than traditional methods. It features a simple, user-friendly interface and intuitive measuring tools, so getting started is hassle-free. “We wanted to create an easy-to-use tool that helps subcontractors jumpstart their takeoff in minutes,” says Darius Shafie, Product Manager at PlanHub. “Takeoff Core does not require extensive onboarding or additional user training, so subcontractors can create takeoffs in as little as 15 minutes.” Accuracy is everything when it comes to takeoffs—manual takeoffs are more error-prone, and incorrect measurements can lead to insufficient (or excess) materials, costing difficulties, and lost project revenue. With Takeoff Core, subcontractors can modernize their takeoff process with a digital solution that helps mitigate risks by providing better takeoff accuracy than traditional pen and paper or outdated desktop solutions. Takeoff Core offers subcontractors a centralized hub to manage their takeoffs in a single place simply by uploading projects and their associated files. Team members can see takeoff statuses and collaborate in real time, regardless of where they are located. And because Takeoff Core is cloud-based, there is no software to upgrade or make manual updates to—it easily scales as a business achieves growth. "At PlanHub, our goal is to simplify preconstruction for everyone. Following overwhelming positive feedback from our subcontractor network using the new Takeoff Core, we are excited to make it available to all construction professionals, whether they have a contractor account with us or not. With Takeoff Core, we're giving contractors of all sizes powerful user-friendly tools to save time and work more efficiently," shares Ro Bhatia, CEO of PlanHub About PlanHub PlanHub is the data-driven platform transforming the preconstruction landscape within the construction industry. By empowering construction professionals with data insights and easy to use tools, PlanHub enables them to forge strong business relationships, streamline pre-construction processes, and make informed decisions effortlessly. PlanHub provides faster, simpler, and unmatched accuracy, laying a solid foundation for the rest of the construction process.https://planhub.com

Read More

Construction

GC Powerhouse PCL Construction Chooses Industry-Leading STACK Construction Technologies as Its New Preconstruction Partner

Newswire | September 28, 2023

STACK Construction Technologies, a pioneering cloud-based construction platform, announced today a strategic partnership with PCL Construction, a globally renowned 8 billion-dollar in work per year General Contractor, to optimize PCL’s preconstruction process. PCL supports projects from small renovations to major sports complexes, and their team recognized a more powerful preconstruction solution was needed to support their continued growth and profitability. “As we broaden our capabilities and move further into the GC space, this partnership validates that STACK is a serious player in construction technology,” said Phil Ogilby, CEO and Co-Founder of STACK. “STACK is one of the most intuitive and collaborative preconstruction platforms in existence today. We’re thrilled to be able to offer STACK’s open API to help streamline the PCL workflow in a way that no other solutions on the market can.” The partnership is underscored by PCL and STACK’s commitment to innovation in the construction industry. After a rigorous evaluation of the market and multiple competitor software solutions, PCL chose STACK based on the platform’s data availability, cloud collaboration, data security, and integration capabilities. They are streamlining their preconstruction processes with STACK’s innovative and hyper-accurate takeoff feature to enhance their estimating capabilities. “As part of a modernization of our estimating solutions, experts within the PCL estimating team did a broad market scan for quantity takeoff solutions,” said Brad Ens, Preconstruction Manager for PCL Construction in Calgary, Alberta. “Our hands-on approach of evaluating several competing products included functional verification that ultimately led us to select STACK as our tool of choice for quantity takeoff.” By leveraging STACK's open API, PCL is able to seamlessly integrate their existing workflow to produce better estimating data. Through the cloud-based platform, PCL will have unparalleled flexibility and accessible data, increasing the precision of estimates, minimizing manual processes, and supporting better-informed decision-making. With over 30 offices across the US, Canada, Australia, and the Caribbean, STACK will also further empower PCL’s team collaboration. “A key decision criterion for PCL was based on the fact that STACK is built on a modern cloud technology platform which enables improved collaboration during the quantity takeoff process,” said Kevin Sundquist, Senior Relationship Manager, Business Technology at PCL Construction. “Equally important, STACK comes with a modern integration layer that allows us to realize efficiencies for our estimators by integrating takeoff into the rest of our estimating solution suite. This cloud-first approach aligns with our overall technology strategy, driving both technology and business efficiencies.” PCL is a powerhouse, consistently in Engineering News-Record’s Top 15 List and boasting a range of projects from San Diego Airport’s International Arrivals Terminal to Major League Soccer’s Los Angeles-based BMO stadium. The partnership between PCL and STACK marks the beginning of an exciting chapter for two of the most innovative companies in construction, where data-driven decision-making and digital solutions are poised to revolutionize preconstruction processes. As industry leaders, both organizations are committed to delivering outstanding results, setting new standards for advancement, and accelerating growth. “PCL has not only recognized us for our comprehensive, hyper-accurate takeoff solution, they’ve also recognized how we partner with them throughout the entire process,” said Raymond DeZenzo, CFO of STACK. “STACK is a true partner. We are dedicated to understanding the unique needs and challenges of each project undertaken by PCL and then tailoring development, training, and support to ensure that our solution seamlessly integrates into PCL's existing business process.” About STACK Construction Technologies From project evaluation to completion, contractors use STACK’s cloud-based software to help run their business and maximize their profits. Our preconstruction solutions enable fast and accurate takeoff and estimating, as well as providing a centralized hub where plans, specs, and other construction documents can be stored, evaluated, measured, and shared. Our construction solutions power real-time field and project collaboration by allowing teams to quickly and easily review, annotate, compare, and share plans, anywhere, from any device. STACK’s superior collaboration tools ultimately improve project outcomes and profitability for contractors. About PCL Construction PCL is a group of independent construction companies that carries out work across Canada, the United States, the Caribbean and in Australia. These diverse operations in the civil infrastructure, heavy industrial, and buildings markets are supported by a strategic presence in more than 30 major centers. Together, these companies have an annual construction volume of more than $8 billion, making PCL the largest contracting organization in Canada and one of the largest in North America. Watch us build at PCL.com.

Read More

Construction

NV5 Awarded $7 Million for Pedestrian Safety Improvements by the New York City Department of Design and Construction

GlobeNewswire | October 19, 2023

NV5 Global, Inc., a provider of technology, conformity assessment, and consulting solutions, announced today that it has been awarded a $7 million contract to design pedestrian safety improvements along Lexington Avenue in New York City by the New York City Department of Design and Construction (“NYCDDC”). NV5 will deliver engineering design, project management, and inspection services for the three-year project along Lexington Avenue from 41st to 49th Street and 49th Street from Lexington Avenue to 3rd Avenue. The improvements will enhance safety and provide equitable mobility for all users by providing traffic calming measures, ADA-compliant walking routes, upgrades to accessible pedestrian signals, drainage improvements, and subsurface utility infrastructure upgrades to support the recent Midtown rezoning. NV5 has provided professional design and resident engineering inspection services to the NYCDDC since the department’s inception in 1996. We are pleased to support sustainable infrastructure through pedestrian safety and accessibility for the residents and visitors of New York City, said Dickerson Wright, PE, Chairman and CEO of NV5. NV5 has a long history of delivering award-winning projects to the NYCDDC, and we look forward to continuing our relationship with the Department. “We are proud and eager to support the New York City Department of Design and Construction in its efforts to improve safety and provide accessibility for all,” said Joseph Menzer, PE, DBIA, V.P., Director of New York Operations. About NV5 NV5 Global, Inc. is a provider of technology, conformity assessment, and consulting solutions for public and private sector clients supporting utility, infrastructure, and building assets and systems. The Company primarily focuses on six business verticals: Utility services, infrastructure engineering, construction quality assurance, buildings & technology, environmental health sciences, and geospatial services. NV5 operates out of more than 100 offices nationwide and abroad.

Read More