MetaProp NYC, the world’s premier real estate technology nexus and PropTech accelerator, announced today that onTarget, a startup in MetaProp’s 2016 accelerator cohort, has formed a partnership with Procore, the leader in cloud-based construction management software, to provide integrated, real-time information integration technology for on-site construction professionals.
“We are always looking to drive more value to our existing customer base by partnering with the best the industry has to offer, enabling new features and functionality in a seamless manner that makes the lives of construction professionals easier,” said Paul Lyandres, Vice President of Strategy and Business Development, Procore. “We’re excited to be partnering with onTarget to launch its new integration on the app marketplace, which will bring their proven value to 1.5 million Procore users globally.”
Built by construction professionals for the construction industry, onTarget’s information integration tool solves the problem of broken construction site collaboration by empowering project managers and superintendents with the right information at the right time. Team members can visualize mission critical tasks on location, verifying accuracy and quality, while communicating bottlenecks to management in real time. Management decision-makers in the office can then instantly identify issues and recommend solutions. Comparing planned versus actual progress, onTarget’s technology maintains 360-degree visibility, ensuring on time and on budget project delivery. The onTarget integration is available to all Procore users via the App Marketplace, the online hub for third party integrations and custom applications that plug into the Procore platform. Based in New York City and led by Co-Founders Niran Shrestha, CEO, and Sanjeev Ghimire, CTO, onTarget’s award-winning software is being used in several iconic construction efforts, including the Build it Back-Sandy Reconstruction project.
"With an onTarget integration, a construction team can foresee conflicts and study potential solutions in logistical issues or inefficiencies,” said Shrestha. “These animated models represent the planned construction sequence juxtaposed against time-sensitive details such as out-of-sequence work, scheduling conflicts between multiple trades, ‘what if’ scenarios and macro-level construction phasing strategies. Users can now access the models on any device, including mobile phones, to track and update progress.”
Added Alex Kyriazis, CEO of Vector Group, which provides provides property wide construction services for developers, property managers and building owners: "Vector has been using onTarget for several months for project tracking using BIM models. With the integration of Procore, we are very excited that the project managers at the site can now access that information in real time. We are able to instantly share and visualize the progress virtually with the owner, architects, subcontractors and suppliers. We are implementing onTarget in our new $70 million project in Manhattan and utilizing the power of their partnership with Procore."
From the Himalayas to Silicon Valley. onTarget is a web and mobile-based construction scheduling platform that enables on time and on budget delivery of projects by collecting real time data from various teams, software and processes. onTarget integrates through in-built capabilities and partnerships with external applications for project management, 3D models, documents and field data. Using its mobile app, project managers in the field stay updated on mission-critical activities and visualize the exact location in the virtual model. Progress and bottleneck is communicated instantly, ensuring accurate reporting of data and saving hours of time previously spent on paperwork. The result is real-time, data-driven, actionable insights that save time and cost.
About MetaProp NYC
MetaProp NYC is the world’s premier real estate technology nexus and PropTech accelerator. The MetaProp NYC real estate technology accelerator is the leading growth program for early stage companies and is based in the heart of Silicon Alley. Each year, the best technology driven real estate industry start-ups are selected to participate in the 22-week intensive growth program based in New York City. The program culminates in a Demo Day for partners, investors, VCs and media. MetaProp NYC's team and strategic seed stage funds have invested in 60+ technology companies across the real estate value chain. The companies have raised more than $2 billion and employ 1,500+ people globally. MetaProp Advisors provides strategic advisory services, growth consulting, event management and market research for real estate companies that are serious about innovation.