Posts Tagged Vela

Autodesk Continues to Round Out Portfolio : Acquires Vela Systems

Announced today, Autodesk Acquires Vela Systems.  If you are developing products within the Building Life Cycle somewhere between and including design to demolition, you are in play.  Trimble has been going on an acquisition rampage with its acquisition of Tekla and Sketch Up and Autodesk never one to be a wallflower has just acquired Vela.  This is almost 2 years to the date that Vela was unveiled publicly.  No idea of their market size but their own press releases state that they are more than ‘twice as big’ as any competitive Field BIM Systems.  Regardless, market penetration means little at this point now that the Autodesk marketing/sales system is behind it.  How big was Revit in 2006 when they were purchased.  A primer of Vela’s Key Features below.  Congrats Vela folks, job well done.

Vela Field Management Suite Key Features
The Vela Field Management Suite of Web, Mobile and Reports enables everyone throughout the enterprise to access documents, field activities and reports in the office and in the field. Since its release a year ago, and to further broaden the usability throughout the enterprise, Vela Systems has expanded upon the following features:

  • Field BIM® for commissioning and handover that ties BIM to the field for data and document exchange
  • Company-level checklist and issue template capabilities to implement and enforce quality and safety programs
  • Increased accessibility via the Internet on multiple devices like iPads and Smart Phones
  • Better web-based reporting that turns field data into powerful information for managing quality, safety and risk at the project and company level

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Vela Systems Raises Series B Round : $6 Million from Autodesk and other investors : BIM

“We now have the time and opportunity do things differently” that quote keeps coming back to, uttered by a GC we did work for, and now we see it’s not just HP and Dell battling over cloud computing but corporations active in the BIM space as well.  Press Release Below.

Vela Systems Raises $6M Series B for Expansion, Strategic Partnerships

Autodesk Leads Round; Commonwealth Capital Ventures and GrandBanks Capital Provide Continued Support

Burlington, Mass. – September 2, 2010 – – Vela Systems, Inc., a provider of mobile field software for the architecture, engineering and construction (AEC) industry, today announced it has closed a $6 million Series B round of equity financing led by new investor Autodesk, Inc. (NASDAQ: ADSK). Series A investors Commonwealth Capital Ventures, GrandBanks Capital and individuals also participated in the round. Details of the transaction were not disclosed.

Coming off of a record-breaking first half of 2010, this latest round of funding positions Vela to expand and address rapidly-growing customer demand. Vela will use a portion of the investment to help support and expand the Autodesk partnership especially as it relates to bringing Building Information Models (BIM) to the point-of-construction.

“A year ago we announced our collaboration with Vela Systems to integrate Vela Systems’ construction field management software with Autodesk Navisworks Manage,” said Jim Lynch, vice president, BIM Product Group, Autodesk AEC Solutions. “Today’s investment announcement marks the next significant step in our growing relationship aimed at helping general contractors, construction managers and design-build firms streamline the BIM process from design through construction and into handover.”


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