Since launching, Contruent Enterprise manages over $21 billion in overall project spend
Naperville, IL – March, 31, 2023: Contruent, the SaaS company that develops industry-leading project controls software solutions which enable Owners and EPCs to build mega-construction projects with greater precision and speed, today announced the successful completion of five major product milestones.
Since its formation in 2022, Contruent’s engineering team has set ambitious goals to advance the product and to deliver best-in-class service to its customers. Committing to achieving the goals within the course of the year, the team worked efficiently to deliver on four new product milestones:
- Launched an industry-leading capital program management platform, Contruent Enterprise
- Released the product’s most powerful, out of the box dashboards via PowerBI
- Introduced a flexible report creation tool with full project performance visibility
- Added over $21 billion in overall project spend now managed in the cloud on Contruent Enterprise
Hosted on a cloud-based platform, Contruent Enterprise provides easy access to the software, in addition to improved security and added data storage. Additionally, with PowerBI dashboards, customers across the organization will experience added value, viewing and analyzing key project data from multiple sources to make data-informed decisions.
“The successful achievement of these milestones marks an important step in our commitment to expanding and enhancing Contruent Enterprise for customers and projects across the globe,” said Peter Piela, Vice President of Engineering at Contruent. “Our team has been dedicated to advancing our product in all ways possible, and we look forward to bringing these new enhancements to existing and new clients alike.”
Earlier this year, Contruent announced a record performance for the company in 2022, with sales growing 55 percent year over year and a year-over-year boost in annual contract value (ACV) of more than 50 percent.
“The last year has been absolutely transformational for our company and the product,” said Ryan Kubacki, CEO at Contruent. “We will continue to prioritize innovation and our customers to ensure we are providing the best possible solution to support megaprojects across the globe.
About Contruent
Contruent is the lifecycle cost management solution that empowers Owners and Engineering & Construction firms to deliver complex capital programs and mega projects with precision and speed. 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. Founded in 1994 as ARES PRISM and renamed with the launch of an innovative SaaS platform, Contruent operates in 26 countries and is now headquartered in Naperville, IL. To learn more, visit www.contruent.com