SOURCE: Newforma, Inc.

Newforma, Inc.

February 08, 2013 09:00 ET

Newforma Software Surpasses One Million Projects

Customers Are Using Newforma's Leading Project Information Management Solution to Manage More Than One Million Projects

MANCHESTER, NH--(Marketwire - Feb 8, 2013) - Newforma®, a project information management (PIM) software company transforming building and infrastructure project delivery, today announced that its customers are using the Newforma PIM solution to manage information on more than one million projects. Over 500,000 project team members now participate in the Newforma Project Network worldwide.

Newforma Chief Executive Officer Ian Howell said this milestone comes on the heels of a year of more than 30 percent growth in 2012. "Last year marked a series of partnerships and acquisitions that have reinforced our long-term strategy of transforming the construction industry by speeding up project delivery and freeing up valuable time for professionals to focus on creating better buildings and infrastructure. We recruited a mobile development team, focused on creating iPad and iPhone apps. We acquired the Newforma Project Cloud technology for project hosting and web-based construction collaboration. And we developed the Newforma Model Viewer (powered by VEO™). It seems fitting that our customers have reinforced our vision by surpassing the one million mark in terms of projects being managed by Newforma software."

Borealis Ventures Cofounder and Managing Director Jesse Devitte, Newforma's founding investor and current board member said, "The vision of Newforma from Day One has been to help architects, engineers, construction firms and owners to improve the project delivery process. Even the name of the company reflects their mission: It's based upon the Latin root of the word 'forma,' meaning 'model,' as a 'new model' for managing project delivery. The company has been extremely disciplined in maintaining its vertical market focus on meeting the specific needs of the construction industry. This is reflected in the company's growing subscriber base of loyal customers that renew their subscriptions every year. It is very exciting to see the company achieve this huge milestone."

About Newforma
Newforma develops and markets project information management (PIM) software for architecture, engineering and construction firms worldwide, and the owners they serve. Newforma is the first industry-focused and integrated solution to connect firms to each other, to their project information, to their processes, and to remote team members, all for the purpose of more successful project delivery. Firms in the Newforma Project Network are using Newforma software to manage information on more than one million projects, raising productivity, reducing exposure to risk, strengthening their brands, and freeing time and attention to focus on design, construction, and client service. For more information about Newforma, visit www.newforma.com, or phone +1 603-625-6212.

© 2013 Newforma, Inc. Newforma is a registered trademark of Newforma, Inc., in the United States and in other countries. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such.

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