Reed Construction Data Acquires Tectonic Partners Inc.
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Construction information provider to deliver industry-defining technology for BIM
ATLANTA, Dec. 10 -- Reed Construction Data (www.reedconstructiondata.com) today announced the acquisition of Tectonic Partners Inc. (tectonicnetwork.com), a leading developer and service provider of building information modeling (BIM) for the architectural, engineering and construction industries.
The acquisition represents a significant strategic move by Reed Construction Data to become a leader in the emerging building information modeling space and complements the strategic partnership with RCMS Group (www.rcmsgroup.com) announced earlier this year.
An agreement between the two companies was signed today in Atlanta. The acquisition will formally close Feb. 1, 2008.
The combination of Reed Construction Data and Tectonic will give architects, engineers and contractors (AEC) a powerful set of solutions for creating and managing BIM content on their desktops, as well as integrating RSMeans' industry-leading cost data into the objects and the drawings themselves.
"By combining the power of RSMeans data and other Tectonic applications, we'll be able to make a huge impact in the daily business lives of the AEC community," said Iain Melville, CEO of Reed Construction Data. "I am excited about the potential to create rich BIM content for BPMs and to create many new products and services in the future."
"Reed Construction Data and Tectonic together will move BIM to truly integrate RSMeans data into the work flows of architects, engineers and contractors," Melville said. "We think this is powerful marriage of both BIM technology and integrated data."
As part of the agreement, Arol Wolford, CEO of Tectonic, and one of the leading innovators in the industry, will stay on as a consultant to Reed Construction Data.
"I'm very excited to work alongside Reed and to match our products and services with the strong content that they provide," Wolford said. "BIM has opened up countless opportunities in our industry, and the combination of our companies will give us the power to deliver full service BIM options to the AEC community."
Tectonic provides several unique products and services, including BIM Library Manager, a software application for the organization and management of Autodesk Revit families, which helps assist in efficient creation of BIM.
Tectonic also has built an expansive library of BIM objects and is in the process of developing a powerful quantity take off tool to further meet the needs of the AEC community.
The emerging BIM technology provides consumers with the ability to improve visualization, coordination, simulation and optimization, which translates into direct advantages such as cost savings, fewer errors, productivity gains and the ability to manage building information throughout a project's entire lifecycle.
Reed Construction Data, a division of Reed Business Information, is a leading North American provider of construction information through a diverse portfolio of innovative products and services. Reed offers its customers construction project leads, building product information, construction costs, market analytics and construction news through a suite of online and print references -- all valuable resources for architects, engineers, contractors, manufacturers, distributors and other professionals in the construction industry. For more information, visit www.reedconstructiondata.com or call 877-REED411.
Reed Business Information, a part of the Reed Elsevier Group plc (NYSE:RUK)(NYSE:and)(NYSE:ENL), is North America's largest business-to-business information provider, with more than 80 market-leading publications, 55 Websites and a range of leading business-to-business services.
Tectonic Partners Inc. is dedicated to advancement of Building Information Modeling, from 3D design visualization to engineering analysis and simulation that incorporates building product information. Tectonic develops frameworks and applications that manage BIM content, automate industry-strength quantity take-off, facilitate decision-making for product procurement with respect to quality, energy efficiency, sustainability, and availability, and collect and publish market data for building product demand forecasting (tectonicnetwork.com).
Source: Reed Construction Data
CONTACT:
Ryan Cummings
of Reed Construction Data,
+1-770-417-4000,
ryan.cummings@reedbusiness.com
Web site: www.reedconstructiondata.com/
http://tectonicnetwork.com/
http://www.rcmsgroup.com/
