Company doubles AEC customer sites in one quarter as Panzura’s unique patented solution empowers BIM collaboration between distributed teams
CAMPBELL, CA. – APRIL 29, 2014 – As the only solution that solves cross-site collaboration issues of applications like Revit, AutoCAD, Civil3D, and Bentley MicroStation, Panzura, the leading provider of global locking file systems, reports today exponential growth in the Architecture, Engineering and Construction (AEC) market, doubling its AEC customer sites in one quarter alone. This growth builds upon the recent announcement of Panzura’s 1,200 percent quarter over quarter growth in AEC revenue last quarter, as well as the percentage of AEC revenue increasing from 13 percent to 60 percent of Panzura’s total revenue quarter over quarter.
Some of Panzura’s newest customers include Ridley and Co, Nelson, HGA, Microdesk, Dowco, Hassell, Fuscoe, VOA, Delta Engineers, MSA Professional Services, FST, OHM, Wright-Pierce, Hanson, Dahlin, PS&S, Kleinschmidt, SDL, Woodard & Curran, Pape-Dawson Engineers, DeSimone, Reynolds, Smith & Hill, and Ryan and Companies. In addition, existing customers like Audubon, exp, BWSC and Milwaukee Electric Tool Corp expanded Panzura deployments.
“Building Information Modeling (BIM) is revolutionizing the AEC Industry, leading to an industry-wide surge in BIM adoption from 28 percent in 2007 to 71 percent in 2012,” said Randy Chou, co-founder and CEO of Panzura. “Our patented global file locking technology is the only real way for distributed project teams to collaborate on the same BIM model. Because of this, we are seeing dramatic AEC industry growth and incredible number of new customer wins. Panzura has emerged as the preferred way to enable AEC companies to collaborate and innovate in the way they design, architect, and build everything.”
Patented Unique File Locking Reduces Global Application Sync Time
Panzura’s patented global file locking technology is the only solution that solves the cross-site BIM collaboration issues that have nagged the AEC industry for years, and has become crucial for internal and external collaboration needs with AEC applications. This unique file locking capability reduces application sync time of users in distributed sites from 20 minutes to 10 seconds, truly enabling all users to work as if they were in the same room. Panzura’s ability to solve this enormous AEC pain point is protected by numerous patents, including “Global Deduplication File System,” “Efficient Cloud Network Attached Storage” and “Forwarding File-system-Level Information to a Storage Management System.”
Massive Growth Stems from AEC Record ROI
Panzura’s dominance in the AEC market is due to customer satisfaction, measurable ROI and increased productivity for these distributed AEC companies. Its global file locking, deduplication and compression systems enable globally distributed users of AEC applications to access and share huge files from the cloud with the same speed as if they were stored locally.
“It is essential for our business to be able to collaborate across sites for projects,” said Eric Quinn, IT manager at C&S Companies. “Our remote teams were hindered due to difficulties accessing the complex project data files from apps such as Revit, AutoCAD and Civil3D. We tried multiple products but were unable to find a solution that worked, until Panzura. Panzura was the only solution that made it possible for our workers to access and share these complex data files from any location, resulting in a dramatic increase in productivity and efficiency.”
Hear Panzura’s Customers at the ACEC Spring Annual Convention
Panzura CEO Randy Chou will join customers exp, C&S Companies and Mead & Hunt on a panel at 1 PM EST today (April 29) in the Renwick/Bulfinch Rooms as part of the American Council of Engineering Companies (ACEC) Spring Annual Convention in Washington D.C. This panel will discuss how these global organizations have improved their BIM/CAD application efficiency, effectively share data within remote project teams, and simplify or eliminated the need for traditional data backup and DR storage strategies. The company is also exhibiting in Booth #111 at the convention.
Also at the ACEC Spring Annual Convention, Panzura announced partnerships with Cadgroup Australia, an Autodesk Platinum partner and CTC, a leading provider to the Building and Infrastructure Industries, to address the critical need for cross-site CAD and BIM (Building Information Modeling) collaboration within the AEC industry.