What is Procore Technologies?
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California .
Who is the COO of Procore?
Steve Zahm. President & COO. Steve Zahm is the President and COO of Procore where he is responsible for overseeing revenue generation and customer success at the company. Prior to Procore, Steve co-founded DigitalThink, one of the first significant cloud-based software companies in the corporate learning industry.
Why did I start Procore?
Across the industry, inefficient practices and costly rework led to suppressed profitability and immense physical waste. So I started Procore, based on my steadfast belief in the power of bringing humans and technology together to transform industries and improve lives.
How can I customize Procore support documentation for my company?
Keep your teams up and running by customizing Procore’s support documentation to fit your company’s standard operating procedures (SOPs). Modify Procore certification courses, or create your own, to build a custom learning portal for Procore training and other construction-specific best practices and SOPs.
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What company owns Procore?
Procore's biggest investor is the venture capital firm Iconiq Strategic Partners, which owns 36.6% of the company after the IPO. Another firm, Bessemer Venture Partners, owns 13%. Procore's supplies management software to the construction industry.
Is Procore a private company?
While private Procore raised well over a half-billion dollars from a host of investors, including ICONIQ, Dragoneer, Tiger Global and D1 Capital Partners, per Crunchbase data, it most recently raised $150 million last year after its IPO delay at a valuation of just over $5 billion calculated on a post-money basis.
Is Procore a public company?
Today Procore entered a new phase of its journey—we are now a publicly-traded company (NYSE: PCOR).
How many companies use Procore?
Today, more than 1,200 specialty contractor companies are utilizing Procore to manage their businesses while hundreds of thousands of tradespeople access Procore on jobs annually to save time and money through streamlined communication and business processes between the field and office.
Should I buy procore stock?
Out of 9 analysts, 7 (77.78%) are recommending PCOR as a Strong Buy, 2 (22.22%) are recommending PCOR as a Buy, 0 (0%) are recommending PCOR as a Hold, 0 (0%) are recommending PCOR as a Sell, and 0 (0%) are recommending PCOR as a Strong Sell.
Does procore pay well?
How much does Procore Technologies pay? Procore Technologies pays its employees an average of $100,800 a year. Salaries at Procore Technologies range from an average of $61,106 to $159,587 a year.
What was Procore IPO price?
$67.00 per shareCARPINTERIA, Calif., May 19, 2021 – Procore Technologies, Inc., a leading provider of construction management software, today announced the pricing of its initial public offering of its common stock at a price of $67.00 per share.
Where is Procore based?
Carpinteria, CaliforniaProcore was founded in 2002 and is based in Carpinteria, California.
Where are Procore tools made?
Since 2005, the company is run from Shanghai, China, where we are strategically positioned at the center of global manufacturing and logistics, to serve a broad reach of sectors and meet international customer needs.
Is Procore an ERP?
With the new Procore ERP Connector platform, our customers can connect to any accounting system and have real-time access to their project financial data across the project lifecycle.”
Who is using Procore?
Companies using Procore Platform for Project Portfolio Management include: Schneider Electric, a France based Manufacturing organisation with 128000 employees and revenues of $30.43 billion, AECOM, a United States based Professional Services organisation with 51000 employees and revenues of $13.30 billion, Turner ...
What software do project managers use?
63 Best Project Management Software PlatformsHive. Hive is a comprehensive, intuitive, all-in-one project management software – the only tool you need to open in the morning to get your work done. ... Trello. ... Asana. ... Basecamp. ... Nifty. ... Proofhub. ... Smartsheet. ... Wrike.More items...
What kind of company is Procore?
construction management softwareProcore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California.
When did Procore go public?
On Thursday, May 20, Carpinteria-based Procore Technologies began trading on the New York Stock Exchange. The company's share price increased by 33.7% on its first day, to close at $89.59, raising $635.5 million, according to the Pacific Coast Business Times.
Who is the CEO of Procore?
Tooey Courtemanche (2003–)Procore / CEOLetter from Procore Founder, President, and CEO Tooey Courtemanche. The construction industry is one of the largest and most important industries in the world.
Is Procore a startup?
Procore | Proptech Zone - leading Startup Database.
What is Procore construction?
Procore is connecting everyone in construction on a global platform. That has been our mission since Procore was founded in 2002. Only when we have all the people, systems, and data working together on one platform can we reap the ultimate benefits of construction technology.
How does Procore work?
Procore helps firms drastically increase project efficiency and accountability by streamlining and mobilizing project communications and documentation. This real time data and accessibility minimizes costly risks and delays—ultimately boosting profits.
What is Procore used for?
Using our award-winning suite of project management tools, over a million registered Procore users across the globe manage all types of construction projects including industrial plants, office buildings, apartment complexes, university facilities, retail centers, and more.
How long did it take Procore to become ubiquitous?
In fact, it took over a decade for devices like smartphones and tablets, as well as Wi-Fi, to become ubiquitous on job sites. Once that happened, our customers were able to fully leverage the power of Procore in the field, and our growth really accelerated. Our platform helped project teams collaborate more easily by connecting owners, general contractors, specialty contractors, architects, and engineers in one place. We built more solutions for our existing customers and expanded to serve new stakeholders and international markets.
How much does Procore cost?
Procore does not offer pricing options , but you can contact them for a quote.
How old is Procore?
Procore was founded in 2003 and is now 19 years old.
How do I set up Procore?
An admin user from the company's directory will create a user account for you and send you an invitation in a Welcome to Procore email. You can join Procore by following the prompts in this email and setting up your login details.
Is there a Procore free trial?
A demo is available on the website. You will need to furnish some personal and business details but credit card details are not required.
Construction and Ownership
In 2012, I founded Honest Buildings—which today is an integral part of Procore’s solution. Honest Buildings became one of the industry leaders in developing purpose-built software for the real estate owner. We worked with many of the largest real-estate owners in the world.
Owning the Future
I’ve been immersed in the owner space for years, and have watched the growing adoption of construction management technologies by that cohort.
What is Procore 2020?
February 5, 2020. Procore is the most used construction software in the world. The mission behind their products is to “help teams make better decisions - faster.”. It aligns with Matterport’s goal to empower every decision maker - whether it’s a buyer looking for a home, an insurance adjuster examining a property claim, ...
What is Matterport on iPad?
Matterport is one of those solutions, providing a new way to keep all project stakeholders up to date, even if they are in different states or countries.
What is Procore software?
Procore is the only real software platform in the construction industry that creates a central collaboration hub for owners , general contractors, specialty contractors, and other project collaborators across the entire project lifecycle.
What differentiates Procore from other construction software solutions?
What differentiates Procore from other construction software solutions is that we are a true platform. Many industry providers claim to offer “cloud-based, connected construction solutions“ that are really just cobbled together point solutions that leave their customers copying and pasting info from one app to the next. With Procore's seamless platform, nothing falls through the cracks and 71% of our customers agree Procore helps them meet and exceed profit goals on projects.
What is Procore project management?
Procore is a global construction management platform with four product lines that are designed to connect all stakeholders throughout the construction lifecycle. Our Preconstruction product line consists of Prequalitication and Bid Management. In Project Management, we sell products for Project Management, Quality & Safety, Design Coordination, and BIM. Our Resource Management product line helps with Field Productivity tracking and analysis. Our Financial Management products consist of: Project Financials, Invoice Management, Portfolio Financials, Capital Planning, and Accounting Integrations. Plus, if we don't build it our platform can connect to it.
What is Procore Community?
Find your next job and strengthen relationships in Procore Community, a professional network for construction.
Can I edit files on Procore?
Procore runs on any desktop, laptop, and mobile device that has access to a wifi connection. If you aren't connected to the internet, you can still view and edit files in Procore using offline mode. Once you reconnect, your updates will be saved.
What is professional services?
Professional Services are customized to meet your needs and to help you maximize the potential of the Procore platform.
Can you use Procore to send an email?
If you can send an email, you can use Procore. Building better is really that simple.
What is Procore app?
Like the Autodesk Construction Cloud, Procore is a construction management platform looking to serve owners, general contractors, and other workers within the construction market. Think of it as a super-sized Dropbox but with a unique focus on serving construction teams, specifically project managers. It has its own tools for preconstruction, project management, and financial analysis, but its core offering is the potential to connect with hundreds of other apps straight from the Procore platform. It also has an API product that allows developers to build tools on top of it.
How much does Procore make in 2020?
Procore generated $400 million in sales in 2020, up 38% from 2019. Autodesk's revenue was around 10 times as much last year, at $3.79 billion, but remember that the majority of its sales come from Revit, AutoCAD, and its other design products.
Is Procore going public?
Procore, which last raised money at a $5 billion valuation, has refiled its paperwork for an initial public offering (IPO) and will likely enter the public market soon. Here's how investors should look at Procore and how the company might affect Autodesk over the long term. Image source: Getty Images.
Is Procore bigger than Autodesk?
The market is big enough for both to win. Even though Procore was earlier to the game than Autodesk, and with Autodesk having a more comprehensive solution than Procore, the construction software market is big enough for both to continue growing.
Construction and Ownership
Understanding—and Serving—Owner Types
- Owners, Developers and Investment Managers are commercial real estate firms whose properties primarily exist as investment vehicles for someone else’s occupancy, whether functioning as residential, office, retail, hospitality, industrial, or mixed-use space. There are many players in this category—from real estate giants with nation-and-world-spanning portfolios, to localized owner…
Owning The Future
- I’ve been immersed in the owner space for years, and have watched the growing adoption of construction management technologies by that cohort. Since 1950, the world’s urban population has risen almost six-fold, from 751 million to 4.2 billion in 2018. Today, 54% of the world’s population lives in urban areas, a figure which is expected to rise to 66% by 2050. An additional …