Procore Technologies Enhances BIM Capabilities with Novorender, FlyPaper Acquisitions

Procore Technologies Inc. (NYSE:PCOR) is one of the best up and coming stocks to invest in now. Towards the end of May, Procore Technologies announced significant investments to enhance its Building Information Modeling/BIM capabilities. Procore has acquired Novorender and FlyPaper Technologies to improve BIM data utilization and reduce risk for contractors & owners globally.

The acquisition of Novorender brings one of the world’s fastest 3D model viewers and BIM platforms to Procore. Novorender’s patented 3D-rendering technology can process and combine models at 25x the speed of current industry standards, which would support all phases of a build.

Procore Technologies Enhances BIM Capabilities with Novorender, FlyPaper Acquisitions

A computer monitor displaying cloud-based construction management platform software.

Procore further expanded its connected BIM offerings by acquiring FlyPaper Technologies, which is a long-standing Procore technology partner, with its advanced algorithms already utilized by some of Procore’s ENR 400 customers. Once integrated, FlyPaper’s technology will provide Procore BIM users with automated 3D design coordination, clash detection, and collaboration tools.

Procore Technologies Inc. (NYSE:PCOR) provides a cloud-based construction management platform and related products and services in the US and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.