Construction information provider Reed Construction Data (RCD), US, a division of Reed Business Information, and Source2, a private investment group focused on technology enabled service companies, have announced the formation of a new company, SMARTBIM LLC. SMARTBIM LLC has acquired the BIM Solutions division of RCD with a plan to maximise its potential. The new company is led by Arol Wolford and backed by Source2.
SMARTBIM currently provides BIM object creation and distribution services and related BIM management software (SMARTBIM Library and SMARTBIM QTO) to users of the Autodesk Revit platform. The company plans to link these activities even more closely as an integrated service, and to introduce increasingly sophisticated analytics that help its AEC customers make their BIM models more useful, and maximise BIM's potential to improve design and reduce cost.
RCD will be a significant shareholder in SMARTBIM LLC. It will work in partnership with the new company to maximise the potential of information solutions to drive adoption and functionality of Building Information Modeling in the construction industry.
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