Cements Leadership Position in Software for Architecture and Engineering Firms Collaborating on Complex Projects
MANCHESTER, NH--(Marketwired - Jan 25, 2017) - Newforma®, the leading provider of project information management software used by architecture and engineering firms collaborating on complex building and infrastructure projects, today announced that 2016 marked its 48th quarter of double-digit revenue growth and impressive customer wins.
Newforma added 250 customers in 2016. One of our notable clients Pinnacle Infotech Solutions, utilized Newforma Project Center for 154 projects, including to help build the largest building in the world.
Research findings of market research firm Vanson Bourne revealed that 70% of the architecture, engineering, and construction (AEC) firms it queried struggled to collaborate effectively due to the explosion of information across projects. These firms explained that hours of time are consistently exhausted simply on administrative tasks, such as searching for emails or the appropriate project file. Over 53% of the respondents further advised that they would/are investing more heavily in technology solutions that make sharing information easier and more efficient.
"Newforma is laser focused on helping AEC firms tackle the email- and file-based challenges in collaborating -- not just intra -- but also inter-firm. At a time when AEC firms are under increased pressure to work faster and boost quality while reducing costs," said Ian Howell, CEO of Newforma, "our customers report saving countless hours, avoiding costly mistakes and litigation, and meeting their clients' demands for faster response and deliverable completion."
He continued, "2017 is already shaping up to be an extraordinary year -- we have some very innovative developments in the pipeline that have been designed to meet the specific needs of our AEC customers."
Newforma's 2016 Milestones Included:
Product Innovation:
Awards and Accolades:
Board of Directors Expansion:
About Newforma
To date, Newforma has helped over 1,350 leading architecture and engineering firms working on more than 2.4 million complex building and infrastructure projects worldwide manage their project information. These projects encompass more than a billion emails and over 6.5 billion files. Typical projects involve hundreds of drawings, submittals, RFIs, and action items.
Newforma's clients report saving countless hours, avoiding costly mistakes and litigation, as well as meeting their customers' demands for faster responses and project completion.
Newforma's software facilitates collaboration when architecture and engineering firms team up. Newforma users:
Additional Resources:
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