Newforma Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

Newforma Strengths, Domain Expertise, and Key Differentiators

Newforma specializes in Project Information Management (PIM) software for the Architecture, Engineering, Construction, and Owner/Operator (AECO) industry, with key products like Newforma Konekt and Project Center that support communication, document management, and BIM coordination. Its solutions, available in both cloud and on-premise formats, are designed to enhance project efficiency across various workflows, including 2D, 3D, and BIM. Integration with tools such as Microsoft 365, Procore, and Autodesk contributes to ease of use and improved workflows. Emphasizing secure data management and detailed audit trails, Newforma supports risk mitigation in complex projects. The company's strong customer retention and widespread adoption reflect its reputation for reliable service and effective project support.

Newforma Recent Developments

Newforma unveiled a refreshed brand and highlighted its Newforma Konekt platform, which integrates information and project management with streamlined BIM coordination, supporting collaboration and issue management throughout design and construction. The platform also facilitates essential tasks such as document handling, RFIs, submittals, and email coordination. Enhancements to Newforma Project Center include tools like the Microsoft Outlook Add-in, enabling users to manage project communications and action items across devices.

Security improvements feature Multi-Factor Authentication for key integrations like Microsoft SharePoint Online and Autodesk Construction Cloud. Ongoing updates have strengthened integration with industry-standard tools such as Revit, AutoCAD, BIM 360, and Procore, positioning Newforma as a comprehensive project information management solution for the AECO industry.

Newforma Mergers and Acquisitions (M&A) Activities

Newforma was acquired by Ethos Capital, gaining additional resources to support its growth and innovation initiatives. The company has pursued strategic consolidation to enhance its project information management (PIM) ecosystem, including the acquisition of BIM One, which offers consulting services and the BIM Track SaaS platform for coordination, collaboration, workflows, and analytics. BIM One continues to operate independently following the acquisition.

Newforma Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Newforma applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Newforma and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Newforma Konekt, Newforma Project Center, Newforma Constructex customers.

Newforma Key Enterprise and Cloud Applications

Newforma Konekt, Newforma Project Center, Newforma Constructex

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Newforma Direct vs Indirect sales

Newforma Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Newforma Customers

No. of Newforma Customers: 1500

No. of Newforma Enterprise Applications Customers: 1500

No. of Newforma Cloud Customers: x

No. of Newforma Cloud Subscribers: 500000

Newforma is used by over 500,000 users across a global network of more than 1,500 architecture, engineering, and construction companies. Some notable users include SRA Architects, Farrells Architects, Lillibridge Healthcare Services, Mascaro Construction Company, Wood & Grieve Engineers, Architects61, WSP 3, Riley Consulting, Hilson Moran, TP Bennett, SSH Design, Reardonsmith Architects, and numerous others.

Newforma Market Opportunities, M&A and Geo Expansions

The AECO industry is increasingly adopting cloud-based solutions, AI, and IoT technologies to improve project delivery and collaboration, with Newforma well-positioned to leverage these trends through continuous innovation. Its integration with AVEVA E3D Design showcases its commitment to enhancing project management tools. Newforma also introduced Japanese language support for its ConstructEx platform, improving accessibility for global teams and facilitating smoother software adoption. Additionally, the Newforma Connector for Autodesk BIM 360, integrated with Autodesk Construction Cloud, streamlines workflows and enhances collaboration by enabling more efficient information sharing between design and construction teams.

Newforma Risks and Challenges

Despite its strong market position, Newforma faces risks from intense competition in the construction management software space, with rivals like Procore and Autodesk offering overlapping functionalities. The company’s reliance on integrations with third-party platforms could pose challenges if these partners alter their APIs or shift strategic priorities.

In June 2023, Newforma named Mike Lewis, former Vice President of Marketing at Everbridge, the new Chief Marketing Officer (CMO). In this role, Mr. Lewis is strategically positioned to steer and oversee Newforma's marketing initiatives. This appointment comes as Newforma maintains its position as a trailblazer in the construction industry, offering innovative software solutions. The company has also promoted two pivotal executives to elevated roles within the organization. Marge Hart was appointed as Senior Vice President of Product Management, and Tammy Fuller as Senior Vice President of Software Engineering. This shift in leadership reflects the company's strategic move to address higher-level challenges and guide the organization toward enhanced direction and effectiveness.

Newforma Ecosystem, Partners, Resellers and SI

Newforma collaborates with a network of connector and integration partners to guarantee the availability of project information, ensuring complete accessibility whether in the office or on the move. BST Global stands as their esteemed Alliance Partner, while Connection Regional Partners include ClearView Software, NBS, and Rapport3. The Connection Global Partners encompass Bluebeam, Procore, and Bentley. Furthermore, Newforma established partnerships with Technology Platform Partners such as Autodesk Navisworks, Autodesk Revit, and Office 365.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: