About

Newforma offers software solutions for the architecture, engineering, and construction (AEC) industries, focusing on project information management. Their tools assist professionals in managing data and documents related to construction projects, including tasks like Requests for Information (RFIs) and document control. Operating on a software-as-a-service (SaaS) model, Newforma provides clients with ongoing support and updates through subscription fees. The company aims to streamline project management processes, making it easier for AEC professionals to handle project data efficiently.

Simplify's Take

What believers are saying

• Newforma's SaaS model ensures steady revenue and continuous client support.
• Recent integrations improve collaboration and efficiency in complex projects.
• Newforma Konekt's cloud-based platform enhances project management and decision-making.

What critics are saying

• Emerging PIM software providers may erode Newforma's market share.
• Rapid tech advancements could outpace Newforma's current software capabilities.
• Reliance on cloud solutions exposes Newforma to potential service disruptions.

What makes Newforma unique

• Newforma offers the first industry-focused PIM solution for the AEC sector.
• Integration with AVEVA E3D Design enhances Newforma's project management capabilities.
• Newforma Konekt's email integration with openBIM format is a groundbreaking industry first.

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