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Newforma Launches Project Center
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For entrepreneurs, building a new business can
be a matter of putting out one fire after
another. Launching a new product typically
means the height of “fire season.” But for
Borealis portfolio company Newforma, the
proverbial “fires” of a start-up were nearly
squelched by
the NH Floods of May, 2006. In the midst of the
commercial launch of its product, the Company's
Manchester offices were filled to waist height
due to rising floodwaters from the Merrimack
River. With the entire Company pitching in on
the
Sunday evening of Mother’s Day (including a
handful of moms), Newforma was able to rescue
all of its computers and servers and was
relocated in new accommodations - now safely
on the 10th
floor of an office building - with all
systems operational by the next afternoon. More
importantly,
the Company still launched its product on
schedule.
Newforma Project Center meets the
needs of Architecture, Engineering, Construction
and Owner (AECO) project managers, who are
responsible for on-time and on-budget project
delivery, but suffer the brunt of issues arising
from having to manage and share project
information – where a change, if not
communicated on a timely basis, can result in
substantial waste, rework, cost increases, and
delays. Newforma Project Center addresses these challenges by reducing barriers
to information sharing and increasing the speed
with which project information can be located
and applied to project process. In the words of
early customers, Newforma Project
Center is the "project glue" that frees
project managers from time-wasting tasks and
productivity-draining obstacles.
One of the keys to Project Center's success as a solution is the Lighthouse program,
which teamed Newforma with a representative
group of industry-leading AECO firms to
collaborate in defining, developing and
implementing solutions to some of the industry's
key pain points. With over 100 participants from
the AECO industry validating and testing the
product strategy, prototypes and early versions,
the Lighthouse program was a powerful tool in
both defining the product so that it truly
addressed business needs, and solving the pain
points of target customers in order to create
market demand.
Hellmuth, Obata + Kassabaum, Inc. (HOK) is
one Lighthouse program member that has signed
on as an early Newforma Project Center customer. HOK is a global architectural firm that
specializes in planning, design and delivery
solutions for buildings and communities. HOK
plans to deploy Newforma Project Center as a component of HOK buildingSMART,
a corporate-wide execution of the International
Alliance for Interoperability (IAI) buildingSMART initiative. Project
managers and project team members at HOK will
be using Newforma Project Center to
organize and find project information more
efficiently, to share and communicate project
documents more quickly and easily, and to reuse
and enhance project data in ways that
streamline critical work processes.
"Newforma Project Center is the
salvation for project managers who are
frustrated by time-sapping administrative tasks
related to their project information and project
process," said Mario Guttman, Vice President and
Firmwide CAD Director at HOK. "As an early
participant in Newforma's Lighthouse Program,
we were able to apply Newforma Project
Center to a few select projects, and, as a
result, we have identified opportunities to assist
our incredibly busy project teams through the
use of this solution on a wider scale."
The official release of Newforma Project
Center and the acquisition of its first
customers formally bring to reality what was
only an idea less than three years ago.
Newforma now has over 40 employees in offices
on both the east and west coasts, a skilled
channel of Newforma Consultants, top tier
investment partners, a world-class board of
directors and many advisors who have been
helpful along the way. Says Borealis Managing
Director Jesse Devitte, "Newforma's recent
accomplishments, the quality and diversity of
the team they have built, as well as their
approach to involving customers in all that they
do from the earliest moments of the Company
has resulted in a 'different kind of company.' At
Borealis we are proud to call them officially a
member of the next generation of great
companies!"
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Learn more about Newforma... |
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@Last - Our Work
Goes On
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We still work for our companies even after they
have been acquired. Although @Last Software is
now a part of
Google, Jesse still helped out the
Google/SketchUp team at the American Institute
of Architects (AIA) trade show last month. Here
he is on the streets of L.A. waving people to the
Google/SketchUp party and working the booth
the next day.
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The Borealis Team
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Borealis Ventures is an early-stage venture
capital
firm that partners with exceptional entrepreneurs
to
build the next generation of great companies.
With a
particular focus on Northern New England,
Borealis
invests in application software, Internet
services,
technology commercialization, and other high-
growth
opportunities. Our investment team includes
Jesse Devitte, Phil Ferneau, and Matt Rightmire.
Learn more about Borealis Ventures... |
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