07.02.2008 13:49:00
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Reed Construction Data Completes Acquisition of Tectonic Partners Inc.
Reed Construction Data (www.reedconstructiondata.com)
today announced the completion of its acquisition of Tectonic Partners
Inc. (www.tectonicnetwork.com),
a leading developer and content provider of building information
modeling (BIM).
The combination of these two companies further solidifies Reed’s
strategic initiative to develop several leading platforms in the
emerging building information modeling space.
"The technology of BIM has been developing for
years and is near the tipping point,” said
Iain Melville, CEO of Reed Construction Data. "It’s
now our task to simplify this technology, further develop our products
and services, and offer the AEC community powerful solutions for
integrating and managing BIM.”
Tectonic’s CEO, Arol Wolford, has joined Reed
Construction Data as a consultant.
"The development and positioning of our
combined content and services have the power to drive this emerging
field,” said Arol Wolford, CEO of Tectonic. "We’re
excited to see advancements in the industry as we progress and the
industry continues to embrace this powerful technology.
Prior to the acquisition, Tectonic Partners was controlled by Geronimo
Investments, LLC, the holding company of Atlanta entrepreneur, Jack
Alexander.
Reed Construction Data, a division of Reed Business Information,
is a leading North American provider of construction information through
a diverse portfolio of innovative products and services. Reed offers its
customers construction project leads,
building product information, construction
costs, market analytics and construction
news through a suite of online and print references -- all
valuable resources for architects, engineers, contractors,
manufacturers, distributors and other professionals in the construction
industry. For more information, visit www.reedconstructiondata.com
or call 800-424-3996.
Reed Business Information, a part of the Reed Elsevier Group plc
(NYSE:RUK and ENL), is North America's largest business-to-business
information provider.
Tectonic Partners Inc. is dedicated to advancement of Building
Information Modeling, from 3D design visualization to engineering
analysis and simulation that incorporates building product information.
Tectonic develops frameworks and applications that manage BIM content,
automate industry-strength quantity take-off, facilitate decision-making
for product procurement with respect to quality, energy efficiency,
sustainability, and availability, and collect and publish market data
for building product demand forecasting.
Geronimo Investments, LLC is a diversified investment company
involved in the hotel, oil/gas and technology industries. For more
information, call 404-583-0072.
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