Rocketlane, a provider of AI-powered post-sales CRM solutions for professional services teams, today announced the closing of a $24 million Series B funding round. The round was co-led by 8VC, Matrix Partners India, and Nexus Venture Partners, bringing Rocketlane’s total funding to $45 million. This investment fuels Rocketlane’s mission to empower professional services teams by eliminating the inefficiencies associated with siloed tools and legacy systems. Rocketlane’s all-in-one platform streamlines project management, fosters seamless communication with clients, and leverages AI to enhance resource allocation and project delivery. Srikrishnan Ganesan, CEO & Co-founder, Rocketlane commented: “Our unique combination of high-velocity innovation and robust capabilities sets us apart, and has helped us consistently win large, forward-thinking customers, including public companies. With this new investment, we are committed to accelerating our AI roadmap and redefining the client portal experience,” adding, “We have equipped ourselves to handle the challenges of rapid growth, and continue delivering exceptional value to our clients.” Nav Kalra, VP of Professional Services at OpenGov, a Rocketlane customer said, “In a sea of legacy tools, Rocketlane stands out as a modern, disruptive force in the PSA software landscape with its all-in-one platform. The intuitive interface and unparalleled client-facing experience make managing client…
Standard Solar, a leading commercial and community solar developer and asset owner, today announced the acquisition of a 4.98-megawatt (MW) solar project in Doña Ana County, New Mexico from developer Energy Management, Inc. (EMI). The Bent Bow project, which EMI began development of in 2021, was one of six in Doña Ana County selected as part of New Mexico’s Request for Proposals for Community Solar projects initiative. More than 50 applications were submitted for projects in Doña Ana County. Bent Bow contributes to the 30 MWs allocated to El Paso Electric under the act. The Community Solar Act, which caps the initial years’ total community solar deployment at 200 MWs across three investor-owned utilities, aims to facilitate energy access to low-income households and individuals in non-viable locations for rooftop solar. The act mandates that at least 30% of the energy from community solar arrays be dedicated to low-income subscribers, ensuring equitable benefits from New Mexico’s shift towards renewable energy. This project supports the state’s environmental objectives and enhances community involvement and energy independence, bringing tangible benefits to the local community. Jim Gordon, President of EMI, said, “As a first mover in this market we were able to secure an award…
Avangrid has announced a significant milestone today with the receipt of full federal approval for the Construction and Operations Plan (COP) for its New England Wind 1 and 2 offshore wind projects. This approval, following the favorable Record of Decision (ROD) issued by the Biden Administration in April 2024, represents a critical step forward, largely completing the federal permitting process for Avangrid’s 791-megawatt New England Wind 1 project. “Completing the federal permitting program for New England Wind is a remarkable achievement made possible by diligence of our team, the engagement of our stakeholders, and the thorough and rigorous review from our federal partners,” said Avangrid CEO Pedro Azagra. “Building offshore wind infrastructure is a complex and unique endeavor, and rightly held to a high regulatory standard. The approval of our COP reflects the depth of our expertise, our exhaustive and detailed planning, and our ability to deliver these critical projects. By securing all federal, state, regional, and local permits, New England Wind 1 has the potential to put shovels in the ground next year and deliver thousands of jobs, local investment, and needed clean energy before the end of the decade.” New England Wind 1 and 2 have the potential…
HiRO, a leading global clinical research organization (CRO), has announced the successful acquisition of DeltaMed Solutions, a US-based CRO with a strong reputation. This strategic move marks HiRO’s third CRO acquisition since its founding in 2020 and further expands its global footprint. With established operations in the US, Ireland, Asia, and Oceania, HiRO offers comprehensive clinical research solutions across the globe. The acquisition of DeltaMed Solutions bolsters HiRO’s US presence and strengthens its position as a one-stop shop for pharmaceutical and biotech companies. Headquartered in New Jersey, DeltaMed Solutions boasts a team of seasoned professionals with extensive experience serving mid-sized and large pharmaceutical and biotech companies. Their expertise spans data management, biostatistics, programming, real-world evidence solutions, pharmacokinetics/pharmacodynamics analysis, regulatory affairs, and medical affairs. DeltaMed Solutions is renowned for its flexible service models and unwavering commitment to quality, earning high praise from clients and partners alike. With global operations and integrated capabilities, HiRO provides a full range of cross-border solutions and services to its clients, including early pre-clinical strategic planning, clinical trial design, regulatory affairs, pharmacovigilance, statistics, data management, end-to-end project management, and clinical and medical monitoring services. The integration of DeltaMed Solutions into HiRO creates a powerhouse in the CRO…
Aurigo Software, a software firm for capital planning and construction management solutions, announces significant upgrades to Aurigo Essentials, its user-friendly project management system designed specifically for local and regional public agencies in North America. Originally launched in 2019, Essentials empowers public works departments, water authorities, transit agencies, and other government entities to efficiently plan and execute capital programs, ensuring timely delivery of infrastructure and facilities to their communities. As an added benefit, agencies in the United States and Canada can now leverage a free 30-day trial to experience the platform firsthand before committing. Addressing the Public Sector’s Growing Need The United States Census Bureau reports that the public sector accounts for roughly a quarter of all construction spending nationwide. However, local agencies often face tight technology budgets and limited resources compared to their state and federal counterparts. This can make it challenging to find solutions that align with both their specific needs and financial constraints. “With our latest release, we have transformed Essentials, powered by AI and a new mobile app, to deliver transparency, efficiency, and affordability to local agencies,” said Balaji Sreenivasan, CEO and founder of Aurigo Software. “The release includes a public portal that enhances transparency and a…
Novotech, the global full-service clinical Contract Research Organization (CRO) that partners with biotech companies to accelerate the development of advanced and novel therapeutics at every phase, has appointed Dr. Ian Braithwaite as Vice President, Global Project Management. Novotech COO Michael Stibilj welcomed Dr. Braithwaite to the team, stating “Ian brings exceptional leadership and a strategic clinical background which will be pivotal in advancing our project management efforts”. “He also brings extensive expertise in designing, implementing, and delivering global clinical programs, across various therapeutic areas, including oncology and rare diseases,” Stibilj said. Dr. Braithwaite previously held several global roles, most recently as Senior Vice President & Therapeutic Business Unit Head at Worldwide Clinical Trials, where he demonstrated his ability to develop and implement business strategy, drive operational excellence, profitability and client satisfaction. Prior to this, Dr. Braithwaite held senior leadership positions at other renowned organizations, including INC Research and PPD/Thermo Fisher Scientific, where he was instrumental in strategic growth initiatives and the development of clinical trial portfolios. Ian expressed his delight to be joining Novotech and said he was honored to lead Global Project Management as the organization continues to expand its global footprint and capabilities to support its existing and…
PFES, a leading provider of strategic consulting services for the Energy and Utility sectors, continues its impressive growth trajectory. The firm has been recognized by Engineering News-Record (ENR) as one of the Top 50 Program Management Firms for 2024, marking the fifth consecutive year of receiving this prestigious honor. PFES’ climb to #24 in the 2024 rankings signifies its continued rise within the industry. ENR also recognized PFES as a top US Construction Management / PM-for-Fee Firm, solidifying its position as a comprehensive solutions provider for the AEC industry. This comes at a time when the industry faces ongoing challenges, including labor shortages, rising construction costs, and heightened pressure to mitigate project risks. According to ENR, these factors are driving a trend toward increased reliance on firms like PFES. Clients are seeking expert guidance in navigating project complexities, identifying cost savings, and fostering collaboration across stakeholders. “We are incredibly proud to be acknowledged as a top program management firm by ENR,” said Tim Simmerly, CEO of PFES and President of its parent company, The Planet Group. “Our unwavering commitment to a safety-first culture and innovative consulting solutions allows us to deliver exceptional value to our clients’ capital programs. This recognition…
Bernhard Capital Partners (“Bernhard Capital”), a private equity firm focused on services and infrastructure, announced the launch of a dedicated Institutional Program Management (“IPM”) platform today. This initiative is fueled by a controlling investment in Brailsford & Dunlavey (“B&D”), a leading development advisory and program management firm. Financial details of the transaction were not disclosed. B&D boasts a distinguished record, serving educational institutions, municipalities, sports venues, and non-profit organizations with multidisciplinary advisory, project management, and construction management services since 1993. Their impressive portfolio includes projects for over 1,000 clients across the U.S. B&D’s expertise encompasses project planning and development, overseeing project activities (preconstruction, construction), and enhancing the operational efficiency of existing assets. Additionally, their CENTERS division offers dedicated facility operations and management services, a first-of-its-kind offering focused on outsourced management of collegiate recreation facilities. CENTERS has since expanded its scope to include all campus centers, providing high-quality operational services to a growing base of educational institutions and non-profits. “We’re thrilled to have the opportunity to partner with B&D, the best-in-class IPM firm and the largest advisory and program management provider focused on the education and non-profit sectors,” said Mark Spender, Partner at Bernhard Capital. “As the cornerstone of our institutional…
CBRE Group, Inc. (NYSE:CBRE) today announced plans to combine its project management business with Turner & Townsend, a global leader in programme, cost consultancy, and project management services. Turner & Townsend is a majority-owned subsidiary of CBRE. Upon completion of the deal, CBRE will hold a 70% ownership stake in the newly combined entity, with Turner & Townsend partners retaining the remaining 30%. This strategic move creates an unmatched project management powerhouse, boasting over 20,000 employees serving clients across 60+ countries. Bob Sulentic, CBRE’s Chair and Chief Executive Officer, said: “Unifying our project management business will create an offering that is unmatched for its scale and breadth of capabilities, with more than 20,000 employees serving clients in over 60 countries.” “Powerful secular trends, particularly increased spending on infrastructure, green energy, and employee experience, are growth catalysts for this business and we are well positioned to capitalise on this significant opportunity.” Vincent Clancy, Turner & Townsend’s Chairman and Chief Executive Officer, will spearhead the combined business. He will continue to report to a board controlled by CBRE, comprised of senior executives from both companies. “Vince is an exemplary leader who has guided Turner & Townsend to great success,” Mr. Sulentic said….
This summer, residents of Jonesboro can join forces with Arkansas State University (ASU) researchers in a unique citizen science project aimed at combating mosquito populations. The project, funded by a $50,000 grant from the City of Jonesboro, seeks public participation to collect valuable data on mosquito activity within city limits. “With Arkansas leading the nation, Craighead County is one of the five top rice-producing counties. When rice fields are flooded in early summer, significant mosquito development can occur. These rice fields extend into the city resulting in substantial mosquito nuisance issues,” said Dr. Tanja McKay, professor of entomology and chair, Department of Biological Sciences. The research team builds upon a 2009 study that identified 16 mosquito species in Craighead County through the deployment of six traps. This new project expands the scope, utilizing 10 traps strategically placed throughout Jonesboro. “This is a citizen science project where we will be working with citizens of Jonesboro to get them excited about science while educating the public on mosquitoes,” added McKay. The project seeks volunteers willing to host a mosquito trap on their property for a short period over the summer. A member of the research team, which includes graduate and undergraduate students…
