Rebrand reflects the company’s vision to empower owners and EPCs to build large construction projects with precision and speed.
ARES PRISM, the premier capital project management solution for large construction projects, today announced the company’s rebrand to Contruent and the launch of Contruent Enterprise – an innovative SaaS solution to empower owners and EPCs to build large construction projects with precision and speed. The rebrand reflects the ongoing efforts to bridge the technology gap in the construction industry by providing actionable insights to battle inefficiencies that result in budget over-runs and costly delays. This all comes a year after the company was acquired by M33 Growth, a growth equity firm who appointed co-investor and experienced software executive Ryan Kubacki as its CEO to grow and innovate the company.
“We are passionate about helping build our world’s infrastructure with far more precision and speed, by introducing innovative software productivity to a notoriously inefficient capital construction sector,” said Ryan Kubacki, Contruent CEO. “We are pumped to launch our new SaaS solution. Contruent is faster to deliver across the project lifecycle because it integrates cost and scheduling and comes project-ready out of the box with 25 years of best practices built in. The result is higher accuracy, speed and cost efficiency,” continued Kubacki.
Founded over 25 years ago, ARES PRISM was created when an engineering, risk and project management provider, ARES Corporation, found that the cost management tools available in the market were not adequate for the large capital projects seen in government infrastructure, oil & gas, energy and mining industries. Since then, the software solution has become an industry benchmark for strategic capital project systems, helping a variety of industries worldwide deliver mega projects and complex infrastructure in 26 countries.
“We chose the name Contruent to reflect the true visibility into construction cost and schedule. The rebrand includes the new SaaS platform Contruent Enterprise, a new visual identity, updated website, and our new headquarters in Naperville, Illinois. Come visit!” said Meghan Russell, Contruent Chief Marking Officer, who Kubacki recruited from Google.
Contruent will offer all the same high-quality products, services, and benefits of ARES PRISM, now based in the cloud to further facilitate collaboration and visibility, creating easier processes for project managers and large construction crews. Clients utilizing on-premise legacy systems can rest assured that they can continue to receive the same promise and support as they have previously but now with a stronger business foundation.
Contruent Enterprise enables schedule and budget management within a fully integrated and customizable dashboard to support the projected growth of mega-construction projects, from conception through the entire project lifecycle. Clients can achieve enhanced efficiency, expand visibility, optimize spend and performance, improve contractor management, and more—with the capital project management software that’s ready to deploy and deliver right out of the box.
Contruent gives customers a robust project-ready management tool that can assist with timeline and budget needs, all in one place. Within the platform, users can now navigate through cost management details, including budget information, variance analysis, staff plans, funding, and scheduling. They can take advantage of project-critical change management and contract management capabilities to enhance communication and collaboration. The system also gives project managers full freedom over engineering, procurement, and field management with invoice management and equipment functionality.
“In 2022 we invested significantly in our R&D and complemented our deep cost engineering expertise with a new management team from places like Oracle, Google and Microsoft, to innovate, scale and grow our value proposition. This resulted in growing our global business by 50% in 2022 and we are just getting started. Join the movement of meeting on-time and on-budget expectation by visiting our new website at www.contruent.com,” said Kubacki.
Join the movement of meeting on-time and on-budget expectations!