Construction BUSINESS

Kingspan Makes $10 Million Strategic Investment in Software Company Invicara

 Breaking News
  • Northern Ireland Housing Market Continues to Perform Strongly The latest Quarterly House Price Index report from Ulster University reveals a relatively healthy housing market with strong but sustainable levels of house price growth over the last 12 months in Northern Ireland. Ulster University’s research is produced in partnership with the Northern Ireland Housing Executive and Progressive Building Society. Analysing the performance of the Northern [...]...
  • U+I Starts Construction at Ballymoss House, Sandyford, Dublin U+I, the specialist regeneration and property developer, has commenced construction activity on the Ballymoss House site in Sandyford, in partnership with local contractor Collen Construction. The site which will be rebranded as THE HIVE over the course of its development, will see over 73,000 sq. ft. of office space being re-imagined, with 117 parking spaces and [...]...
  • Call For Reduction in Stamp Duty For First-time Buyers A call for stamp duty to revert to 2pc to enable more aspiring first-time buyers acquire once off sites to build homes has been called for by IPAV, the Institute of Professional Auctioneers & Valuers, which says last year’s hike from 2pc to 6pc is adversely affecting the cost of a new house for first-time buyers. Launching its [...]...
  • Dublin Selected as Host City For Global DIY Summit in 2019 Dublin has been selected to host the 2019 Global DIY Summit following a competitive process which included bids from a number of key convention destinations including Rome and Amsterdam. The event, which will take place over the course of two days in the Convention Centre Dublin next June, is expected to generate up to €5 [...]...
  • CRH Completes Phase 1 of Share Buyback Programme CRH plc has completed the first phase of its share buyback programme, returning €350 million of cash to shareholders. Between 2 May and 31 July 2018, 11.4 million ordinary shares were repurchased on the London Stock Exchange at an average discount of 0.5% to the volume weighted average price over the period. Details relating to subsequent [...]...

Kingspan Makes $10 Million Strategic Investment in Software Company Invicara

Kingspan Makes $10 Million Strategic Investment in Software Company Invicara
January 22
12:35 2018

Kingspan Group plc has announced a $10 million investment in Invicara, a provider of transformative software solutions for the entire ecosystem of the built environment. With this investment, Kingspan has made a definitive commitment to the development of a solution for digitalisation of the construction industry.

Invicara has developed solutions that integrate with Building Information Modelling (BIM) technology. BIM provides detailed digital representations of buildings, allowing time and cost saving collaboration between partners on construction projects such as architects, engineers, contractors, and owners.

Working with Kingspan, Invicara will use its cloud-based platform to build a new solution that uses design and construction data to create new digital workflows that transform the customer experience. Kingspan is investing $10m in a minority stake in Invicara, and Louise Foody, Kingspan’s Director of Digital and Brand, and Mike Stenson, Head of Innovation at Kingspan, will join the Invicara Board of Directors.

Louise Foody (pictured above) comments: “For manufacturers of building systems and solutions, digitalisation enabled by technologies like BIM is a game changer. At Kingspan, we aim to leverage digital technologies to further align our offerings with our customer’s needs and more efficiently collaborate with owners, designers, and contractors at every stage of the building lifecycle.”
Invicara currently provides a cloud-based data management solution that helps owners and their design and construction partners create a data-rich digital twin of a building, leveraging Building Information Modeling (BIM). BIM Assure, the first product built on the Invicara platform allows owners to access, validate, and report on model data. The product is currently in use on key projects in North America, Ireland, the United Kingdom, Australia, and Singapore. Invicara is rapidly expanding this solution with significant new capabilities planned for release in 2018.
Invicara’s reach to customers and markets will be enhanced through Kingspan’s global presence in key market segments such as airports, healthcare, data centers, and retail among others.

About Author

admin

admin

Related Articles


Constrcution Summit

PROMO – Construction Summit 2016 – Sustaining the Momentum

Lean Construction Ireland – Enhancing Ireland’s Competitive Advantage

The Magazine – Construction Business

The Magazine – Construction Summit 2016

The Magazine – Construction Summit

Upcoming Events

  • September 8, 2018Bauen Kaufen Wohnen
  • September 18, 2018For Arch 2018
  • September 27, 2018Marmomacc Verona
  • September 27, 2018Architect@work Paris
AEC v1.0.4

New Subscriber





Subscribe Here



Advertisements