July 23, 2019
Carpinteria, CA-based Procore Technologies, Inc., is acquiring New York-based Honest Buildings, Inc., a leading provider of project management software for owners and developers. The acquisition will allow the provider of construction management software to create a full-stack platform to manage projects from start to finish, encompassing unified financials and cost tracking.
Procore’s Tooey Courtemanche says, “Procore and Honest Buildings share a vision that centers around transforming the construction industry, and we have an opportunity to realize this vision through the development of a global platform that connects everyone in construction.”
Owners can use Honest Buildings’ purpose-built, data-driven platform to ensure capital and construction projects are completed on time and on budget. It centralizes all projects portfolio-wide, moving workflows out of spreadsheets and onto its platform, and allows owners to harness data to manage capital more strategically.
Honest Buildings has facilitated more than $20 billion of projects for such firms as Brookfield, Oxford Properties Group, and Blackstone’s EQ Office.
For comments, questions or concerns, please contact Dennis Kaiser