Newforma Announces Agreement to Acquire Assets of Attolist, Developer of AEC-Sync Web-Based Construction Collaboration Software

MANCHESTER, NH and DENVER, CO--(Marketwire - Aug 9, 2012) -  Newforma, Inc., a software company providing project information management (PIM) solutions to improve building and infrastructure project delivery, today announced that it had entered into a definitive agreement to acquire substantially all of the assets of Attolist, LLC, the developer of AEC-Sync web-based construction collaboration software. The transaction is anticipated to close in August 2012. The addition of AEC-Sync's proven hosted solution to Newforma's leading enterprise solution will provide AEC/O companies an unprecedented selection of on-premise and cloud-based technologies to better manage project delivery.

Tweet this: @Newforma announces agreement to acquire assets of Attolist, developer of AEC-Sync web-based construction collaboration software. 

Newforma's addition of the AEC-Sync software continues to build on its cloud strategy as described in its recent "PIM in the Cloud" white paper: that the business needs of architecture and engineering firms, construction companies and owners should determine the optimal technology platform to employ for project delivery. AEC-Sync is a well proven web-based construction collaboration solution that integrates information for the entire project team -- designers, contractors and owners.

"The AEC-Sync software is a perfect fit for us," said Newforma Chief Executive Officer Ian Howell. "As we engaged in discussions it became apparent how aligned our vision is with regard to providing solutions to improve project delivery in the AEC/O industry. Both of our companies have similar cultures of listening to our customers and developing our software products based on solving real pain points for them. The AEC-Sync web-based construction collaboration solution complements our existing enterprise products and aligns with our strategy to offer customers both on-premise and cloud-based project information management solutions. "

"By this sale of assets to Newforma, the company will be able to continue to advance the AEC-Sync software and continue to pursue a vision of improving project delivery by hosting projects in the cloud and providing easy to use web-based process workflow. Adding our product as part of Newforma's offerings allows the company to offer an unparalleled set of solutions for the entire AEC/O industry," said Scott Baldermann, Attolist President and Founder.

AEC-Sync web-based collaboration will be offered as part of the Newforma Project Information Management Solution under the new name of Newforma® Project Cloud. This proven solution is ideal for firms that want to host a project in the cloud and use online contract administration and project collaboration functionality. Architects and engineers can continue to specify use of the AEC-Sync web-based solution under its new name for inclusion in bids by contractors and to help owners achieve more predictable project delivery. 

About Newforma, Inc.
Newforma develops and markets project information management (PIM) software for architecture, engineering and construction firms worldwide, and the owners they serve. Newforma is the first industry-focused and integrated solution to connect firms to each other, to their project information, to their processes, and to remote team members, all for the purpose of more successful project delivery. Firms in the Newforma Project Network are using Newforma software to manage information on more than 860,000 projects, raising productivity, reducing exposure to risk, strengthening their brands, and freeing time and attention to focus on design, construction, and client service. For more information about Newforma, visit www.newforma.com, or phone +1 603-625-6212.

About Attolist, LLC
Attolist is the developer of AEC-Sync, a web-based construction collaboration system that integrates information from the design, construction and owner's team. Every workflow related to document approval, PDF markup and general communication has been automated for maximum efficiency. All users can collaborate through a single web-based document repository within AEC-Sync. The system is designed with predefined user types that can be customized to meet your contractual setup. As data is collectively added by all users, a complete project history is automatically generated and saved for archiving purposes. For more information about AEC-Sync, visit www.aec-sync.com.

© 2012 Newforma, Inc. Newforma is a registered trademark of Newforma, Inc., in the United States and in other countries. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such.