About

Newforma provides software solutions specifically designed for the architecture, engineering, and construction (AEC) industries, focusing on project information management. Their software helps professionals like architects, engineers, contractors, and project owners manage essential tasks such as Requests for Information (RFIs), submittals, and document control. Newforma operates on a software-as-a-service (SaaS) model, allowing clients to subscribe to their web-based tools for a monthly or annual fee, which ensures they receive continuous updates and support. Unlike many competitors, Newforma also emphasizes educational resources, offering live and pre-recorded webinars to help clients use their software effectively. The company's goal is to streamline the management of project data and documents, making it easier for AEC professionals to collaborate and succeed in their projects.

Simplify's Take

What believers are saying

• Integration with AVEVA E3D Design improves project outcomes and client satisfaction.
• Cloud-based solutions align with the growing trend of remote work in the AEC industry.
• Newforma's SaaS model ensures steady revenue and continuous client support.

What critics are saying

• Increased competition from emerging PIM software providers could erode market share.
• Reliance on cloud-based solutions exposes Newforma to potential service disruptions.
• Ethos Capital acquisition may lead to strategic shifts disrupting current operations.

What makes Newforma unique

• Newforma offers specialized PIM software for the AEC industry, enhancing project management.
• Integration with AVEVA E3D Design provides advanced 3D modeling and project management capabilities.
• Newforma Konekt's email integration with openBIM format enhances collaborative project delivery.

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