Welcome to Kyro’s weekly technology roundup, your go-to source for all the latest updates in the world of construction management.

In this edition, we bring you a curated collection of articles and insights that will keep you well-informed and ahead of the curve.

Funding and M&A

ECI Software Solutions Acquires Treetop, Automating Dutch Residential Construction Businesses

ECI Software Solutions, a global provider of cloud-based business management software and services, announced today it has completed the acquisition of Treetop Group, a software company specialized in business software solutions for the residential construction and craft industry in the Netherlands. This marks ECI’s first acquisition in the residential construction industry outside of North America and expands ECI’s European footprint, further broadening its residential construction software portfolio. Terms of the deal were not disclosed.

EQT Private Equity to invest in software companies HVD Group and Next

EQT is pleased to announce that the EQT X fund (or "EQT Private Equity") has agreed to invest in the Nordic software companies HVD Group (Hantverksdata) and Next (Next One Technology). Both companies serve the tradespeople and construction industry, with HVD Group focused on installation and service professions – such as electricians, plumbers, heating and ventilation firms – while Next is focused on contractors.

Innovations & Alliances

Raken Releases New Solutions For Time, Safety, And Quality Management

Raken, the top-rated construction field management app, is celebrating a record year in product development. Between releasing more new features than ever and achieving a milestone of 53,000 users, this year marks Raken's biggest yet.

Hilti's BIM-driven Integrated Project Solutions Takes Construction Project Safety and Productivity to the Next Level

Hilti, a global leader in construction solutions, has recently put a spotlight on their BIM-driven Integrated Project Solutions (IPS), a comprehensive suite of services designed to optimize and simplify construction projects from design, construction and operation phases.

Procore offers free software to students in Australia, New Zealand

Construction management software vendor Procore Technologies launched its Australia and New Zealand University Programme this month at an event in Sydney co-hosted by the Chartered Institute of Building (CIOB).Under the scheme, Procore provides access to software, training, tools, and certifications at no cost to universities, schools, and colleges.

What We're Reading

• Buildertrend Unveils Groundbreaking Construction Rebates Program in Collaboration with Ferguson

• Construction Survey Reveals Room for Growth in Fleet & Asset Management

• Building A Secure Foundation: Embracing Best Practices For Coding

• Homebuilders step up construction of single-family homes as 30-year mortgage rate eases below 7%

• Space and Building Management Software Converge with Digital Twins to Ignite a 29% CAGR Surge in Global Net-Zero Energy Buildings by 2027

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