AECOM reportedly in talks with WSP

AECOM, WSP Global | January 14, 2020

Los Angeles-based construction and engineering giant AECOM is in talks with Canadian firm WSP Global Inc. about a possible deal, Bloomberg reported last night. Media reports said that WSP approached AECOM about the potential transaction, according to sources familiar with the two companies. Although there is no guarantee that the talks will lead to a deal or how a deal would play out, analyst Andrew Wittmann said in a written research report that he believes the discussions likely have some merit for several reasons, including the fact that WSP's stated goals include acquisitive growth, that AECOM stock has inexplicably climbed in recent days and that AECOM leadership is currently transitioning. Chairman and CEO Michael S. Burke announced in November that he will retire this year.

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ENGINEERING TECH

Theorem, LLC Announces Rebrand to TheoremOne with the Acquisition of Formula Partners, Launch of Lemma

Theorem | January 25, 2022

Theorem, LLC, innovation and engineering partner to the Global 1000, announced that it has rebranded to TheoremOne® following an acquisition of Formula Partners, and launch of its near-shore, pureplay software engineering service, Lemma. The new name positions TheoremOne as the foundation of a family of brands designed to help enterprises build better, more innovative business platforms at scale.“Our new name positions TheoremOne as the foundation of a family of brands, all inspired by our hypothesis driven model for innovation. Each brand is designed to address the specific needs of our clients at different moments in the lifecycle of enterprise innovation,” said Brady Brim-DeForest, CEO of TheoremOne. Its newest acquisition, Formula Partners, helps companies create new models for organizational design, continuous improvement, and visionary leadership. Formula Partner’s approach revolves around a modular innovation process called the New Enterprise™, a proprietary model for modern consulting at the nexus of technology and organizational transformation. Formula Partners will become a new independent line of business and will operate under the “Formula Partners” brand. “We are approaching management consulting from 14 years of implementing technology solutions — giving us a deep understanding of the true benefits (and costs) of making strategic recommendations. We’ve built trust with IT and business leaders through hands-on work, and we’re excited to build even broader strategic relationships through Formula Partners,” -Will Jessup, Head of Services Delivery at TheoremOne. TheoremOne has also launched a new engineering service called Lemma. Lemma offers pureplay software engineering teams staffed exclusively by nearshore engineering talent. Lemma shares a common engineering DNA with TheoremOne but is designed to deliver engineering capacity as a modular service offering that can be deployed to scale existing teams and initiatives for enterprise and growth stage clients. “Lemma fills a gap in our offerings that the market has illuminated over the last few years, It’s a compelling option for clients that have already determined the right way to solve a business problem and need a dedicated technology partner, but want to provide their own product, design, and leadership talent.” -Alex Finnemore, TheoremOne’s Head of Revenue Lemma and Formula Partners will join existing divisions Proof (staff augmentation) and Halmos Ventures (innovation incubation) in rounding out TheoremOne’s end-to-end services stack. As part of the name change, TheoremOne has released a new company logo and launched a new website at www.theoremone.co. About TheoremOne® TheoremOne is an innovation and engineering firm that builds custom software for companies making bold bets to stay ahead. Through research, lean design, and agile delivery, TheoremOne makes great user experiences accessible to the enterprise. Founded in 2007, TheoremOne’s global cross-functional product development teams drive technology, process, and cultural transformation. To learn more about how TheoremOne enables ambitious leaders to build better software visit www.theoremone.co or follow @TheoremOne About Formula Partners Formula Partners is a different kind of management consulting firm — it targets the intersection of technology and organizational transformation, unlocking models for continuous improvement, and enabling visionary leadership within the enterprise. Founded in 2015, Formula Partners is based in Los Angeles. Read more at: www.formula.partners.

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CONSTRUCTION

Extracker, Ryvit Partner to Supercharge Construction Companies' Financial Workflows

Extracker | January 06, 2022

Extracker, the construction industry's only change order communication platform, which supercharges manual workflow and connects companies outside of their internal-facing financial software, is partnering with Ryvit to deliver three new integrations for Sage 100 Contractor, Viewpoint Spectrum, and Viewpoint Vista in early 2022. "Extracker exists to help the construction industry get extra work processed and closed faster to reduce risk, waste less time, and increase transparency,We know that building integrations with companies' internal systems of record will be critical for us as we look to fulfill our mission. Ryvit's iPaaS will ensure we can complete the true end-to-end COR process from sub to GC and GC to owner without ever having to rely on email, excel or carbon copy." -Cameron Page, founder and CEO of Extracker The first integration planned will be Extracker's integration with Sage 100 Contractor and will include data flow for jobs, cost codes, cost types, and change orders. "Adding Extracker as a strategic partner on the Ryvit Integration Network is particularly exciting because the solutions they've built will help further diversify the offerings that GCs and subs can find on our platform, In our effort to help accelerate the use and adoption of technology in AEC, we've been actively looking for products and solutions that have a proven track record to drive change for their customers. There's no doubt in my mind that Extracker will drive significant value for our growing customer base." -Angie Wiering, COO at Ryvit Extracker and Ryvit, the first iPaaS for AEC to version-forward dataflow in construction, are actively accepting inquiries for their early adopter program for the Sage 100 Contractor integration. Successful early adopters will be industry-leading general contractors that are already actively leveraging Sage 100 Contractor as their ERP and are pursuing automation to help reduce headaches as they pertain to cumbersome change order processes. To learn more about the Extracker and Sage 100 Contractor integration, schedule a demo with Extracker. About Extracker Extracker's mission is to help the commercial construction industry get extra work processed and closed faster in order to reduce risk, waste less time, and increase transparency. This is done through the industry's only Change Order Communication Platform, which supercharges extremely manual workflows and connects companies outside of their internal financial software to resolve change orders in real-time. Along with a collaborative cloud-based log, Extracker includes digital Time and Material Tags, standardized Change Order Templates, trackable Change Notifications, and more, to organize and streamline the process. For more information, visit https://www.extracker.com. About Ryvit Ryvit has deployed the first iPaaS for AEC to version-forward dataflow in construction. Ryvit's iPaaS is the backbone by which Owners, Architects, Engineers, Developers, GCs, Subs, and Service Providers can share pertinent project information securely and immediately. By leveraging Ryvit's iPaaS to build a robust integration profile around core tools, solution providers can massively increase speed to market, keep overhead low, and focus on the core competencies that make their tools stand out from the pack. For more information, visit https://ryvit.com.

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CONSTRUCTION

Mighty Buildings Announces Three Senior Leadership Appointments

Mighty Buildings | April 18, 2022

Mighty Buildings, a technology company that is revolutionizing the construction industry through 3D printing, using advanced materials and robotic automation to create beautiful, sustainable, and high-quality homes, today announces three senior leadership appointments, as the company builds the foundation for its next phase of growth. Russ Atassi joins Mighty Buildings as Chief Operating Officer (COO), bringing more than 20 years of experience in supply chain, R&D and manufacturing operations through his previous roles at Airbnb, Facebook Oculus, Apple, Google, General Motors, and Ford. Throughout his professional career, Russ has developed and scaled global supply chain and hardware manufacturing operations for some of the leading tech companies in Silicon Valley. He holds a BSE (Industrial and Systems Engineering) from the University of Michigan Dearborn, a MSE (Industrial & Operations Engineering) from University of Michigan Ann Arbor, and a MS (System Design & Management) from Massachusetts Institute Of Technology (MIT). Rene Griemens has been appointed as Chief Financial Officer (CFO), and joins the company from Volocopter, the world’s first sustainable air mobility business where, as CFO, he led fundraising efforts totalling more than $340 million in equity and $1 billion in debt. His 30 years of global experience in high-growth technology, investment banking, and strategy consulting include his CFO role at German fintech Kreditech Group, as well as other executive roles at IEG, dooyoo.com, and McKinsey. Rene holds an MA in Economics from the University of Cologne and an MBA from INSEAD. Mark Aldrich has been appointed as General Counsel, bringing decades of legal expertise in regulatory compliance, product development, and go-to-market strategies. Prior to joining Mighty Buildings, Mark led the legal team supporting new product research and development at Airbnb. Before that, he served in long-term secondment roles as Senior Product and Privacy Counsel for Google, VMWare, Autodesk, NVIDIA, and Intel. Prior to moving in-house, Mark was in private practice, working as outside General Counsel to start up and emerging growth technology companies around the world. Mark earned a JD from the University of San Diego School of Law and a BS in Finance, Real Estate, and Law from California State Polytechnic University-Pomona. “I’m thrilled to have Russ, Rene and Mark join Mighty Buildings at this inflection point in our development as we expand our strategy to support our next stage of growth. The enormous experience and expertise that they bring will accelerate the roll-out of our platform to enable developers to rapidly scale housing deployments and make sustainable living a reality for more customers. The opportunity and demand are massive, and today we have the team in place to not only tap into that demand, but to do so with minimal carbon footprint and enviable speed of execution.” Mighty Buildings CEO Slava Solonytsin The company now employs more than 170 team members across the globe in its mission to pioneer new sustainable methods to build better quality and more resilient homes. About Mighty Buildings Mighty Buildings is a construction technology company that is dedicated to reimagining the building industry. By applying automation, 3D printing, advanced material science, and other innovative technologies to offsite prefabrication, Mighty Buildings can build houses with fewer labor hours, less residual waste, and reduced environmental impact than conventional construction. Mighty Buildings works with compliance and regulatory agencies to develop future-forward materials that are tested to the most rigorous standards with nearly zero-waste production methods. Having initially proven its business model with ADUs, Mighty Buildings has now shifted to a partnership approach, collaborating with developers to build large quantities of single-family homes, in various configurations, based on its unique panelized Mighty Kit System. Mighty Buildings is committed to making beautiful, sustainable, and high-quality homes a reality for more people.

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ENGINEERING TECH

Constrafor Announces Partnership with Bespoke Metrics to Help Subcontractors Grow their Business

Constrafor | April 23, 2022

Constrafor, a leading construction procurement and financing platform, is pleased to announce a partnership with Bespoke Metrics, an innovative prequalification and risk analytics company. Constrafor and Bespoke Metrics both serve the construction industry with a strong focus on building innovative technology solutions that help subcontractors grow their business. Constrafor's Early Pay Program allows subcontractors to accelerate their payments, so they can take on more projects. Compass by Bespoke Metrics empowers subcontractors to manage all prequalification and data requests in one platform, while providing feedback on ways to increase your contract size, and likelihood to win. Constrafor's cutting-edge procurement platform is a natural extension to the COMPASS prequalification tool, as it allows subcontractors to seamlessly interact with their existing and new General Contractors. Constrafor and Bespoke Metrics are uniquely placed to provide an integrated solution to help subcontractors streamline their pre-construction and take on more projects. "We are thrilled to partner with Bespoke Metrics, a like-minded, innovative company focused on making contractors' lives easier. The construction tech space has few options for integrated Prequal, Procurement and Financing, and we are excited to be at the forefront with Bespoke Metrics" says Anwar Ghauche, Founder and CEO of Constrafor. "Prequalification and procurement go hand in hand, and we couldn't think of a better company to work with than Constrafor" said Michael Ho, CEO at Bespoke Metrics. "We share the same beliefs around using data analytics and technology to mitigate risk and ensure the success of our subcontractor partners." About Constrafor As a SaaS and fintech innovator purpose-built for construction, Constrafor is setting new standards of productivity and cost-efficiency for the way GCs and subcontractors manage essential back-office tasks and financial transactions. For General Contractors, Constrafor's robust cloud platform streamlines and standardizes subcontractor procurement & administration, including contracts, COIs, invoices & payments and diversity procurement – all in one place. For Subcontractors, the platform offers fast and cost-effective receivables financing, including an Early Pay Program (EPP) that shortens invoice payment time, frees up cash and allows them to take on more projects. About Bespoke Metrics COMPASS by Bespoke Metrics is a leading prequalification platform that supports data collection, verification and analytics across the entire construction supply chain. Unique to COMPASS, Subcontractor data is collected through the standard universal 1Form. General Contractors receive data-driven analytics to support decision making to mitigate project and default risk. Subcontractors have full control over who can see their data, utilize 1Form for all their prequalifications and data requests, and deliver powerful analytics to gain new business opportunities.

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Spotlight

Sit down and brainstorm creative ways you are going to solve your prospect's problem. Focus on what they care about and what's important to them. Be creative and original. This is what wins projects with owners, because they see you've thought about THEIR project and how you will apply all your valuable experience to their project.

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