Rocket Builds AI-based Recruitment Tool That Matches Laid-off Engineering Professionals with New Jobs

Rocket Recruiting | July 31, 2020

Rocket, a startup that builds AI-based tools for recruiters and offers recruitment services of its own, had been on the verge of profitability when  the coronavirus pandemic hit. It quickly saw corporate recruitment pushes dry up.

With the pause in hiring affecting its main business and mounting layoffs at tech companies, Rocket turned its efforts towards matching laid off engineers with new jobs pro bono. Rocket gathered data on layoffs, set its AI software and recruiters on cleaning up the data and making it easier to navigate, and launched a new portal to the data. Dubbed Parachute, the portal now has 13,500 professionals from around the world on its original, U.S.-based English-language site, and Rocket is bringing up sister sites in other countries.

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In automotive development, road tests create data volumes in the petabyte range. This poses a big challenge for data analysts. However, this challenge can be overcome with modern Big Data systems and innovative IT solutions.


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CONSTRUCTION

L&T Technology Services (LTTS) selected as Global Preferred Engineering Supplier by Airbus Group

L&T Technology Services | March 08, 2022

L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, announced that it has been recognized as a Global Preferred Engineering Supplier for European multi-national aerospace major Airbus, under its EMES3 (Engineering, Manufacturing Engineering and Services Strategic Suppliers) program and has been awarded with a multi-year contract. The result is an outcome of an extensive Airbus Group assessment of LTTS’ capabilities and expertise across Engineering, Manufacturing Engineering and Customer Services domain conducted over a year. The engagement covers all Airbus divisions, subsidiaries and affiliates. With the EMES3 selection, LTTS has entered into a long-term commitment to provide best in class technology and engineering capabilities to the Airbus Group. LTTS has also scaled up operations across Airbus’ key geographic locations including Toulouse (France), which is poised to become the main R&D Centre of Excellence (CoE), serving LTTS’ wide aerospace customer portfolio, along with LTTS’ strong talent pool of 17,000+ engineers operating out of India and leveraging conventional and digital expertise. LTTS has been a strategic supplier with Airbus global and its India subsidiary for more than a decade, providing engineering services across verticals like engineering, avionics and digital. Last year, LTTS was also selected by Airbus to provide technology and digital engineering solutions for Airbus’ Skywise platform as part of the ‘Skywise Partner Program.’ Under this program, LTTS is supporting Airbus’s global customer base of airlines. LTTS’ offerings to the aerospace sector encompass a wide spectrum of services including Aero Structure & Systems Design, Manufacturing Engineering, Avionics and Software Development, Aero Engine Design, ATM solutions and Airlines & MRO solutions engulfed by its digital solution portfolio which caters to all phases of the aircraft lifecycle. “Airbus Group is our esteemed customer with whom we have had a decade-long relationship which is further strengthened by our selection as an EMES3 supplier. We are delighted to be selected and look forward to #EngineeringTheChange for Airbus and its ecosystem. The latest empanelment is a true reflection of LTTS being a focused technology organization with a strong engineering DNA stemming from the parent L&T group.” Amit Chadha, CEO and Managing Director at L&T Technology Services About L&T Technology Services Ltd L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 57 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries.

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MATERIALS

Euclid Launches Three New Admixtures at World of Concrete

Euclid | February 17, 2022

Euclid Chemical, a leading manufacturer of concrete and masonry construction products, announced the launch of three new concrete admixtures at this year's World of Concrete—the concrete industry's largest event for building professionals. The following high-performance admixtures were developed to respond to the rapidly evolving needs of construction and concrete professionals: EUCOSHIELD™ An integral finishing admixture, EUCOSHIELD is a ready-to-use liquid admixture designed to be used as an integral finishing aid that prevents rapid moisture loss from the concrete surface by binding the internal water in the pore structure. It is especially effective when concreting operations must be performed in direct sun, wind, high temperatures or low relative humidity. EUCOSHIELD can also be used to reduce excessive bleeding and segregation of concrete or mortar. Containing no added chlorides or chemicals known to promote the corrosion of steel, EUCOSHIELD is compatible with most other admixtures commonly used in concrete, including air entraining admixtures, polycarboxylate-based HRWR admixtures (superplasticizers), conventional water reducers and retarders. EUCON ECO-STRENGTH™ A strength-enhancing admixture, EUCON Eco-Strength improves both early- and late-age strength development in concrete. Based on a highly engineered admixture technology that facilitates cement hydration, EUCON Eco-Strength enhances strength development and allows for sustainable construction practices to be achieved through possible total cementitious content reduction. Maintaining compressive strength development equivalent to that of a reference mix containing more cementitious is important in all construction projects requiring CO2 emissions and total embodied energy reduction. EUCON Eco-Strength is particularly effective where heat is present while curing, allowing earlier stripping of forms or restoring the serviceability of concrete repairs. EUCON® AM-10L A liquid integral crystalline waterproofing admixture, Eucon AM-10L is formulated to interact with concrete capillary pore structures to provide a system that greatly reduces the permeability of concrete through the formation of tiny crystals that block the pores. It can also seal microscopic cracks and work in tandem with other products like sealers to create a structural waterproofing system. EUCON AM-10L can be used in both above- and below-grade applications. About Euclid Chemical Headquartered in Cleveland, Ohio, Euclid Chemical has served the global building market for more than a century as a leading manufacturer and supplier of specialty products and technical support services for the concrete and masonry construction industry. Euclid Chemical's expansive product line includes admixtures, fiber reinforcement, concrete repair products, flooring materials, decorative concrete systems and more. Learn more at www.euclidchemical.com.

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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

RedTeam enhances growing suite of construction solutions with Paskr acquisition

RedTeam | March 16, 2022

RedTeam, a leading construction management platform provider for mid-size to enterprise-level firms, announces the acquisition of cloud-based construction management solution Paskr. The acquisition enhances RedTeam's continuing mission to deliver a comprehensive suite of premier technology solutions for commercial construction contractors of all sizes. "Both RedTeam and Paskr are driven by a commitment to providing solutions based on the real-life experiences of contractors and their teams, Paskr is designed specifically to help small to mid-size companies increase efficiency and productivity, so it's a powerful complement to RedTeam's existing platform. Incorporating Paskr into our growing inventory reflects RedTeam's strategy to offer one of the industry's leading suites of integrated software solutions." Jim Atkinson, CEO of RedTeam RedTeam's complete cloud-based solution enables commercial construction teams to collaborate effectively throughout all stages of a project, from business development and pre-construction to closeout. Paskr's construction management solution offers small to mid-size contractors an accessible platform with built-in, repeatable processes to reduce risk,increase oversight, and deliver more predictable project outcomes. The Paskr agreement follows RedTeam's 2020 acquisition of Fieldlens, a mobile plan markup tool for contractors that provides visibility and communication throughout the entire project chain. The full RedTeam catalog of applications now includes products ranging from field-management software to enterprise-level workflow and management solutions. RedTeam's trusted investment partners Braemont Capital and JettyCove supported the Paskr acquisition with a recapitalization that bolsters RedTeam's growth strategy and boosts continuing innovation among the company's products. "RedTeam's investment in Paskr enhances each company's strength and allows us to deliver powerful results and value to our customers," said Pat Whelan, founder and CEO of Paskr. "RedTeam and Paskr share the same mission, to help commercial contractors solve real-life challenges. Combing resources presents an outstanding opportunity for us to elevate productivity and efficiency as we work together to meet the needs of our customers." RedTeam was recently included in the Inc. 5000 list of fastest growing companies in the United States, with 160% growth over three years. More than a thousand general contractors and several hundred thousand users have managed a collective $25 billion of commercial construction work with RedTeam. For more information, visit https://www.redteam.com. About RedTeam Software RedTeam Software offers the most comprehensive cloud-based solution for construction project and accounting management. With intuitive social design interface and real-time updates, RedTeam enables construction and accounting teams to collaborate effectively online at all stages of a project from business development and pre-construction to closeout. About Paskr Paskr is a cloud-based construction management solution built for every member of your construction team to bid, build, and track great projects. Paskr brings efficiency, visibility, and accountability by streamlining back office and field operations. Users are able to access all project related information through any web connected mobile device, tablet, laptop, or desktop.

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