In the 1999 sci-fi hit ‘The Matrix’, the movie portrays a world when humans live in a computer generated universe. Two decades on, a similar virtual reality is being created across the infrastructure, construction & real estate industries – facilitated by innovative new BuildTech software.
This is where Elecosoft fits in. Its software was originally born out of cutting edge CAD & 3D modelling. Since then project scheduling (4D), cost (5D), facilities management (6D) and more recently sustainability (7D, eg energy efficiency) have all been added (see overleaf). Augmented too by the synergistic £5.1m acquisition of asset maintenance firm Shire in July 2018.
The next step is to embed more safety information into the product suite (eg 8D, covering say emergency evacuation plans), along with enhancing the AI, VR and AR functionality. The latter bolstered by the €3.45m purchase of Active Online Gmbh in Nov’18, with a new ‘climate & cost estimation tool’ also being released in Sweden in H1’19.
Additionally this year, Shire released the latest edition of its flagship platform, and is scheduled to finish developing a new iOS mobile application by September. Meanwhile Active Online and ESIGN are already working closely together, and have secured several new clients, including ones in North America.