Two complementary software businesses – Zuuse and Progressclaim – have merged. The combined Zuuse and Progressclaim solution will be a global leading software platform for construction and building operations.
The business will have 160+ international customers located in Australia, New Zealand, UAE, UK, USA and Canada including:
Leading Asset Owners and Operators
WHAT IS PROGRESSCLAIM? WHAT IS ZUUSE?
Progressclaim is a cloud collaboration platform managing the entire construction project progress claim, assessment and approval process.
Zuuse is an asset lifecycle solution blending 3D BIM capability, asset management and mobility to reduce costs, drive greater control and enable better decisions.
WHAT IS THE RATIONALE BEHIND THE MERGER?
A combined Zuuse and Progressclaim business represent a much deeper, more compelling value proposition to the market. The technology solutions within the individual businesses complement each other to create stronger standalone solutions and a stronger joint solution.
The marketplace in the AECO (Architecture-Engineering-Construction-Operations) sector is rapidly changing. Managing assets and information is undergoing significant transformation.
Systems and processes are largely paper-based and manual. However, the market is extremely fragmented with a myriad of technology offerings providing point solutions, each doing their own thing at a point in time. This results in lost dollars, time, information, resources and materials.
Organisations are looking for better, more innovative ways to manage assets/data across the full lifecycle – design> construct> operate
There is a significant opportunity for consolidation of the fragmented market to create scale and value.
WHAT ARE THE KEY POINTS AROUND THIS TRANSACTION?
Key points around the transaction:
The Zuuse and Progressclaim businesses are merging to form a stronger, combined business.
Jason Lilienstein, the present Zuuse CEO, will be CEO of the new combined business. He will be working with an experienced management team to drive the business.
The business will have global each with offices in Australia, New Zealand, UK, USA and Thailand.
The Progressclaim platform will remain a stand-alone product and will also be offered as part of a deeper Zuuse product suite.
STRONGER STANDALONE SOLUTION
The combined Zuuse and Progressclaim solution will be a global leading software platform for construction and building operations.
The combined business will empower over 160 customers across the globe to revolutionise the performance of their assets from beginning to end – and all the time in between.
STRONGER JOINT SOLUTION
FURTHER BACKGROUND ON THE PROGRESSCLAIM BUSINESS
Progressclaim is a cloud collaboration platform managing the entire construction project progress claim, assessment and approval process. Both parties easily and efficiently submit their applications for payment and payment notices, saving time, reducing risk and streamlining manual processes.
The Progressclaim platform has a strong Australian customer base that includes builders such as Mirvac, Grocon, Built, Watpac, McConnell Dowell and Icon. Progressclaim is also serving the construction space internationally with a strong presence in US, Canada, UK and Middle East with customers that include GF Tomlinson, Robertson & Axiom.
Zuuse provides technology solutions to large asset owners through 3D BIM capability, asset management and mobility to transform the way assets are traditionally built and managed across the full asset lifecycle. The solution manages over $50B worth of assets including hospitals, universities, airports, casinos, bridges, power stations and aged care facilities in Australia, New Zealand and the Middle East.