Procore acquires Novorender and FlyPaper, terms undisclosed

Procore (PCOR) announced investments in its Building Information Modeling capabilities. Expanding on its existing BIM offerings, Procore has announced its acquisitions of Novorender and FlyPaper, which upon integration will empower owners and contractors worldwide to unlock BIM, streamline coordination, and connect BIM data seamlessly across the Procore platform. Founded by CEO Tore Hovland in 2016 in Stavanger, Norway, Novorender is a 3D model viewers and BIM platforms. The company’s 3D-rendering technology brings construction management beyond 2D, supporting every phase of the build lifecycle, from preconstruction to operations. Novorender’s patented BIM technology can process and combine models at 25x the speed of current construction industry standards, making it much faster to bring all of the parts of a project together. Procore is further building on its connected BIM offering with the acquisition of FlyPaper Technologies, makers of Navisworks plugin Sherlock. A longtime Procore technology partner, FlyPaper’s algorithm is already leveraged by some of Procore’s ENR 400 customers. Once FlyPaper is integrated, Procore BIM customers can gain access to automated and streamlined 3D design coordination, clash detection, and collaboration.