SmartPM Technologies, a leader in project performance and analytics, recorded their third consecutive quarter-over-quarter of accelerated growth in the first half of 2023. With its cloud-based platform transforming the landscape of construction project management, SmartPM is becoming an indispensable tool for ensuring projects are delivered on time and within budget.
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“SmartPM is leading a revolution in construction project management”
Since its inception in 2016, SmartPM Technologies has made a significant impact in the realm of data analytics for construction management. Its platform facilitates detailed schedule analysis and provides real-time data for construction companies, enabling them to make informed, data-driven decisions on project timelines, team scheduling, resource allocation, subcontractor management, and claim resolutions.
Consider that in the first half of 2023, SmartPM acquired 92% of new logo clients it acquired in all of 2022. SmartPM has secured 100.21% of new logo annual recurring revenue in this same time comparison (first half of 2023 against FY22). In the last 90 days of Q2, SmartPM welcomed four new clients listed in the ENR Top 50, eight new clients of the ENR Top 150, as well as several other general contractors, owners, and consultants.
What’s more, SmartPM is on pace to double last year across many growth KPIs. The innovative approach taken by SmartPM is well received by the market and is reflected in the company’s impressive growth statistics.
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Additionally, SmartPM’s influence and acceptance within the industry are illustrated by its notable clientele. The company serves 35% of the companies listed in the ENR Top 50 and 12% of those in the ENR Top 400. Moreover, one client utilizing SmartPM’s platform for a year landed on the ENR 400 for the first time in 2023.
A testament to the efficacy of the SmartPM platform is its significant impact on clients’ efficiency and savings. The platform has enabled a minimum of 75% reduction in schedule analysis processing time for clients and substantial savings in delay-related costs.
Michael Pink, CEO of SmartPM Technologies, attributes the company’s growth and success to the uniqueness and efficiency of its platform. “SmartPM is leading a revolution in construction project management,” he said. “Our record growth and the landmark achievements of our clients are a testament to the value and effectiveness of schedule data analysis.”
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