KAPPA | January 07, 2022
Kappa Engineering SA (KAPPA), a reservoir and production engineering software company, announces the acquisition of Reveal Energy Services (Reveal), a leader in integrated diagnostics and completion evaluation.
"We appreciate the KAPPA team's confidence in our company, and we're excited about joining them to further the industry's completion and reservoir engineering domain knowledge. By developing more powerful data analysis solutions with our combined expertise, operators can achieve even greater asset value,We're grateful for the industry's acceptance of our services and software during the past six years."
-Sudhendu Kashikar, CEO of Reveal Energy Services.
With the help of Reveal's team, the integration of ORCHID® in the KAPPA software portfolio will add completion information and diagnostics to our current handling of production data. It will be particularly useful in the context of unconventional plays," said Olivier Houzé, KAPPA's Managing Director. "Reveal's elastic models to characterize fractures will also complement KAPPA's diffusion models for the interpretation of pressure and production data. This will result in more efficient workflows by integrating completion diagnostic, reservoir and production data on a single platform, a decades-long challenge for the industry. This development axis complements and will ultimately converge with our global move towards Automation.
About Reveal Energy Services
Based in Houston (USA) and founded in 2016 with IMAGE Frac® pressure-based fracture maps, Reveal Energy Services has quantified the fracture geometry of more than 30,000 hydraulic fracturing stages in the US and Canada. In 2018, IMAGE Frac won the Hart Energy Special Meritorious Awards for Engineering Innovation in the nonfracturing completions category. Two years later, the ORCHID® completions evaluation platform won the 2020 World Oil® Awards Best Data Management & Application Solution Award. The physics-based services and software increase operational efficiency without risk in near real time.
Based in Sophia Antipolis (France) and founded in 1987, KAPPA is the industry leader in several reservoir and production engineering disciplines focused on the analysis of dynamic data: Pressure Transient Analysis, Rate Transient Analysis, Production Logging, Formation Testing, etc. Its integrated platform KAPPA-Workstation® federates all these disciplines, complemented by a client-server solution soon to migrate towards a microservices based automation platform. KAPPA has 120 employees split over 15 countries. KAPPA also provides training and consulting services in the disciplines of its software portfolio.
ISC | February 04, 2022
California-based Integrated Specialty Coverages (“ISC”), a leading, multi-line program administrator that builds end-to-end insurance products utilizing advanced artificial intelligence (AI) engineering and data analytics, today announced that together with carrier partner Sutton National, it has launched the new PREMIUM General Liability Program for the construction industry.The PREMIUM program was designed for middle-market construction firms and is tailored to the specific eligible regions or states. The exclusive program is currently available to select brokers in New York (addressing NY labor laws), New Jersey, Connecticut, Massachusetts, Pennsylvania and California, with Texas coming soon. With the PREMIUM product, ISC is able to provide their appointed brokers a solution for almost all of their contractor and construction firm clients, starting from Project-Specific, and on to STANDARD, PLUS and now PREMIUM.
“Sutton National has been an incredible partner to work with,Responsive to the needs of the market, Sutton and our reinsurance partners were able to provide the limits our brokers need to meet their clients’ demands, in particular in the New York and Northeast markets.”
-Matt Grossberg, Chief Executive Officer.
Shane Haverstick, CEO & COO of Sutton National commented, Sutton National is excited to expand our partnership with ISC into the Premium GL program. He continued, ISC brings a best-in-class team, underwriting-focused approach, and platform sophistication to an underserved market. We look forward to building this opportunity together with ISC and the strong reinsurance panel supporting the deal.
ISC is building a one-stop-shop for the construction market, serving brokers nationwide looking to get their clients covered and specialize in the industry. “Understanding the needs of a particular region or state is an important first step wherever we launch the program,” said Wendy Nowosiadly, VP of Underwriting and PREMIUM program manager. “We’re taking great care to be able to serve local markets and provide brokers the coverage, support and expertise they need.”
About Integrated Specialty Coverages
Integrated Specialty Coverages (ISC) is a leading, multi-line program administrator dedicated to underwriting excellence, client service, and customer experience. ISC has built an end-to-end insurance platform by connecting a broad network of insurance markets and distribution channels with proprietary data analytics capabilities. The firm uses sophisticated technology and analytics to revolutionize how complex programs are underwritten and operated. They are joined by experienced professionals from all spheres of the insurance ecosystem. ISC's strategy is focused on a combination of strategic M&A, data-driven decision making, as well as an innovative means of delivery. ISC provides its partners with high-quality service, competitive commission, and creative product delivery options to help expand their footprint in any desired line or class of business. Please visit: https://iscmga.com/
SIS | March 29, 2022
SIS, an ERP (Enterprise Resource Planning), CRM (Customer Relationship Management), & PM (Project Management) software solutions provider for project & service-driven organizations, has entered the Heavy Civil Construction Industry with their Construct 365 product suite.
Construct 365 suite of products, by SIS, provide the Heavy Civil Construction industry with the technology infrastructure needed to compete in today's construction opportunities.
"We are excited to bring our 25 years of experience in the Construction ERP industry into the Heavy Civil sector. Construct 365 PCM, Construct 365 PM, Construct 365 Advanced Labor, and Construct 365 Field Operations, comprise our existing Construct 365 solution that is being offered for Heavy Civil Construction." Mark Kershteyn, Partner, SIS.
"It is exciting to see SIS enter the Heavy Civil Construction market! This adds a strong offering to those firms seeking to leverage Dynamics 365 technology in the Azure Cloud, and greatly enhances the capabilities of a modern ERP solution. This will allow companies to take full advantage of tools such as Microsoft Power BI for dashboards providing greater operational insight "
Steve Hathaway, a Partner at Construction Software Solutions and formerly with Viewpoint
Construct 365 is bringing rich functionality including: estimate import (Heavy Job and Bid to Win (B2W)), job costing, core financials, and advanced labor. Additional functionality includes Unit Based Projects, Pay Items, Equipment Management, Union and Certified Payroll, all seamlessly working within Microsoft's flagship ERP, Dynamics 365 Finance and Supply Chain.
SIS (Strategic Industry Solutions) helps project and service focused companies manage every stage of the delivery and service life cycle. We provide complete Project Management, Project Accounting, Job Costing, Business Intelligence, and CRM Software built on Microsoft Dynamics. We help our clients manage cost and risk and deliver a unique value proposition to their customers with proven software and 25 years of Industry Experience.
The SIS Construct 365 solution is built in Microsoft Dynamics 365, and is the most complete and integrated solution in the A/E/C – Professional Service marketplace today, focusing on mobility, ease of use, and integration.
Dodge Construction Network | March 11, 2022
Dodge Construction Network, in partnership with LiftMaster® today released a new SmartMarket Brief entitled The Connected Warehouse that focuses on the rapidly growing market for sophisticated and technologically connected warehouse/distribution centers in the US.
Dodge is currently forecasting $53 billion of construction starts in the US warehouse/distribution center market in 2022, up 1400% since 2010 and representing over one-third (36%) of the entire US commercial construction sector this year.
Driven by strong consumer demand in the economy and the explosion of e-commerce retailing, these facilities are deploying sophisticated technologies to optimize performance and respond to changing demands. In addition, they are round-the-clock workplaces for a growing number of employees and require increasing levels of energy, security and safety management.
Based on a survey of several hundred industry professionals who create these facilities, the report addresses investment drivers, locational trends, deployment of connected technologies, worker safety and amenities, sustainability initiatives and ways in which design and construction are adapting to support these dynamic needs.
"LiftMaster is pleased to work with Dodge on this important research," said Jenny Lytle, General Manager, Commercial Emerging Business. "Managing a warehouse with multiple access points and loading docks can be a stressful and demanding job; any inefficiencies can result in increased expenses or safety issues. LiftMaster has installed connected gates, doors, and docks and myQ Facility and Dock Management software within warehouse/distribution centers across the United States. We have seen firsthand how our cloud-based solutions have provided warehouse managers with an easier way to monitor warehouse doors and docks and collect real-time insight around daily operations, enabling them to make smarter, data-driven decisions."
"We hope that sharing these key findings across the industry will accelerate the advancement of these critical facilities and provide a baseline for future studies to track progress,” added Lytle.
Key findings include:
Investments are driven by the need for flexibility to accommodate higher volumes and changing business models. Fluctuating demand, rapidly changing product lines and evolving business models such as On-Demand Warehousing are driving the need to invest in retrofits and new projects.
Facilities are increasingly close to urban centers. All regions of the country report increases in the percentage of projects located in or near urban centers to support rapid delivery expectations from consumers.
Connected automation systems are proliferating at loading docks. 77% of respondents report automation of operational and handling processes at loading docks on their recent projects, with as many as 88% citing use of one of the four specific systems studied.
Connected technology systems are being deployed facility wide. In addition to the widespread automation of operational and handling processes throughout these facilities, between 60% and 82% of respondents report installation of data-capturing smart controls, A/V and light communications, and security and access control/tracking systems on their recent projects.
Worker amenities and safety are increasingly important, especially in a tight labor market. All regions report increases in a wide variety of employee amenities and 88% of respondents say owners place a high priority on employee safety when planning their facilities.
Over two-thirds of owners (68%) are interested in creating zero-carbon facilities. Sustainability is important, with high percentages of owners interested in minimizing both energy use and operational waste in their facilities as well as creating zero-carbon buildings. Many are also seeking LEED certification and incorporating a wide variety of green products and materials.
Technology is being applied to the design and construction process. Respondents report using technologies such as BIM (building information modeling), software to model energy use and software to simulate operations in the facility to be built during the design and construction process. Many studies by Dodge show that these tools can help to accelerate project delivery, control costs and achieve quality goals, so similar results can be expected in this sector as well.
"Warehouses were once seen as a quiet backwater in the overall commercial construction sector," says Steve Jones, Senior Director of Industry Insights at Dodge Construction Network. "But the market has literally exploded in the past few years, and these facilities are becoming increasingly complex and sophisticated. We are glad to have the opportunity to explore this in depth and hope the report raises industry awareness and expertise around these important elements of our economy."
The report also features an extensive interview with Tripp Eskridge, Managing Director of Project Management from CBRE who brings a unique perspective from more than 30 years of experience managing the design and construction process for industrial facilities such as these.
The SmartMarket Brief that contains the full findings of the study and the interview can be downloaded for free here.
About Dodge Construction Network: Dodge Construction Network leverages an unmatched offering of data, analytics, and industry-spanning relationships to generate the most powerful source of information, knowledge, insights, and connections in the commercial construction industry. The company powers four longstanding and trusted industry solutions—Dodge Data & Analytics, The Blue Book Network, Sweets, and IMS—to connect the dots across the entire commercial construction ecosystem. Together, these solutions provide clear and actionable opportunities for both small teams and enterprise firms. Purpose-built to streamline the complicated, Dodge Construction Network ensures that construction professionals have the information they need to build successful businesses and thriving communities. With over a century of industry experience, Dodge Construction Network is the catalyst for modern commercial construction.
About LiftMaster: LiftMaster is the number one brand of professionally installed residential garage door openers, as well as a leading manufacturer of commercial door operators, residential and commercial gate operators, telephone entry systems and related access control products. Driven by the access and security needs of the marketplace, LiftMaster’s expansive line of state-of-the-art residential and commercial products are designed to fit any lifestyle or application, providing the latest technology and innovations in safety, security and convenience.