Newforma is dedicated to providing innovative software solutions aimed at improving project delivery in the AECO industry. Their flagship product, Newforma Project Center, is designed to centralize and streamline project information management, facilitating collaboration and communication among architects, engineers, contractors, and owners. It integrates multiple data sources like email, CAD, PDFs, and Microsoft Office, enabling efficient organization, searching, document control, and risk mitigation throughout the project lifecycle.
Founded in 2004, Newforma pioneered the Project Information Management (PIM) software category. Over nearly two decades, the company has grown steadily, building a strong user base across more than 1,500 architecture, engineering, and construction firms worldwide. Newforma has cemented its market leadership by continually enhancing its product features and expanding its ecosystem.
Newforma has secured total funding of approximately $25.1 million. The company generates an estimated annual revenue of $11.9 million with a workforce of 82 employees. Though specific valuation data is not available, its strong customer renewal rate (over 96%) and steady revenue generation indicate a stable financial footing.
In 2021, Newforma expanded its capabilities through the acquisition of BIM One and its BIM Track SaaS platform, bringing enhanced BIM (Building Information Modeling) coordination, collaboration, workflows, and analytics into the Newforma ecosystem. This acquisition has strengthened Newforma's position in integrating BIM with PIM for more effective project data management.
Recent Newforma Project Center releases include the integration of Microsoft Teams channel conversations into project records, making these discussions searchable and archivable. Additional security enhancements and support for the latest Autodesk software versions have been rolled out, reflecting the company's commitment to continuous improvement and customer-driven innovation.
Newforma emphasizes a culture of connected collaboration in the AECO industry, believing that better-connected project teams lead to improved project outcomes. The company is mission-driven to transform project team workflows with technology that fosters innovation at the intersection of information and collaboration. They value friendliness and a customer-centered approach, supporting professional growth and work-life integration, including initiatives like their leadership council for women executives.
Newforma's software is used by over 500,000 users within more than 1,500 firms globally, including many top-ranked design firms among the ENR Top 500. Their community platform offers best practice strategies and support. Newforma boasts high customer satisfaction, winning awards such as the Best Document and Content Management Software by public vote in the Construction Computing Awards.
Newforma Project Center
By Newforma
