What Projectmates does

Projectmates is an owner-centric, cloud-based construction project management software platform delivered as a unified system of twelve integrated modules covering the full project lifecycle — capital planning, bid management, document control, cost tracking, scheduling, risk management, asset planning, workflow/RFI/submittal automation, analytics, and a native mobile application. The platform is built on Microsoft Azure PaaS with dedicated private-cloud tenants, uses SQL Server Reporting Services for enterprise reporting, and ships a built-in BIM viewer for 2D and 3D model rendering; an AI-powered Drawing Tool applies computer vision to extract critical details from construction drawings and link them directly to RFIs, change orders, and field reports. The system is sold primarily via direct enterprise sales to construction project owners and program managers across government, higher education, K-12, healthcare, retail, and commercial real estate verticals, with cooperative purchasing access through GSA, TIPS, and DIR for public-sector buyers. Revenue is generated through SaaS subscription contracts priced per project scope and user count, with quote-based enterprise pricing and free trials; named customers include State of Idaho, Montclair State University, Tarrant County College, UNC Health, Murphy USA, Love's Travel Stops, Casey's General Stores, Crate&Barrel, and Conn's Home Plus. The legal entity is Intergraph Corporation (a Hexagon AB subsidiary), Projectmates was acquired by Swedish conglomerate Hexagon AB in January 2023, and the platform is now positioned within the planned Octave software spin-off combining Hexagon's Asset Lifecycle Intelligence, Safety/Infrastructure/Geospatial portfolio, Bricsys, ETQ, and Projectmates into a standalone entity of approximately 7,200 employees across 45 countries. The co-founders are Hemant Bhave (Co-Founder and Vice President) and Varsha Bhave (Co-Founder, President, and Chief Technology Officer), though governance control sits with Hexagon's board post-acquisition.

Name

Projectmates

Legal name

Intergraph Corporation

Website

https://projectmates.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Projectmates is an owner-centric cloud construction project management platform with twelve integrated modules covering capital planning, bidding, documents, cost, schedule, risk, and asset management. It serves construction owners and program managers across government, education, healthcare, and retail, and operates as a Hexagon AB subsidiary within the planned Octave software entity.

Ownership category

akta.pro rank

Product category

Construction Project Management Software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Project & Task Management (BPAMAMAF)

Keywords

• Construction project management
• Capital program planning
• Construction document control
• Construction bid management
• Construction scheduling software

Headquarters

HQ city

Richardson

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. SaaS Subscription: Cloud-based SaaS construction project management platform providing ongoing access to the software with subscription pricing based on project scope and user count. The platform is marketed with free trials and demo requests indicating a subscription-based commercial model.

Distribution channels5 records

Marketing channels10 records

Core offering

Projectmates is a cloud-based, owner-centric SaaS construction project management platform that centralizes capital planning, cost tracking, document management, scheduling, bidding, workflow automation, asset planning, risk management, drawings, analytics, mobile field collaboration, and enterprise security into a single integrated system for construction project owners, government agencies, educational institutions, healthcare systems, and retail/real estate developers. The platform runs on Microsoft Azure PaaS with dedicated private cloud environments and includes native iOS/Android mobile applications, an AI-powered drawing tool, and 100+ pre-built enterprise reports.

Product overview

Projectmates is an owner-first construction management software platform delivered as a unified system with 12 integrated modules covering the full project lifecycle. The core platform is Projectmates itself, which serves as the central hub for construction program management. The product portfolio includes Analytics and Reporting (real-time dashboards and 100+ pre-built reports), Asset Planning (lifecycle asset tracking), Bid Management (digital bidding portal), Capital Planning (fund allocation and CIP management), Construction Workflow Management (RFI, submittals, punch lists), Cost Tracking (budget and financial control), Data and Security (infrastructure on Microsoft Azure), Drawing Tool (AI-powered drawing management), Document Management (centralized document control with BIM viewer), Mobile App (native iOS/Android access), Risk Management (issue tracking and mitigation), and Schedule Management (timeline and Gantt chart scheduling). The platform integrates with ERP systems, Procore, DocuSign, and Microsoft Project/Primavera. Projectmates was acquired by Hexagon AB in January 2023 and is now part of the Octave software brand.

Differentiator

Problem solved

Functional benefit

Products and services

• Analytics and Reporting

Quantifiable outcome

• 4.2% average cost increase on projects where risks aren't adequately managed (Dodge Data & Analytics)
• +6 more outcomes

Named customers16 records

Segments13 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability5 records

Feature12 records

Partnerships

Eight partnerships are on record, tiered flagship, core and minor.

• Octave (Hexagon AB Spin-off)flagshipOthers · 1 March 2026Projectmates is now part of Octave, Hexagon AB's planned software spin-off combining Asset Lifecycle Intelligence, Safety/Infrastructure/Geospatial portfolio, Bricsys, ETQ, and Projectmates businesses into a standalone entity with approximately 7,200 employees in 45 countries.
• Microsoft AzurecoreTechnology or IntegrationProjectmates leverages Microsoft Azure PaaS for hosting with dedicated private cloud environments and dedicated databases. Azure's 42-region global infrastructure provides security, compliance, and reliability for enterprise construction management.
• GSA (General Services Administration)coreChannel Partner/ Reseller/ DistributorGovernment procurement partnership enabling federal agencies to purchase Projectmates through federal supply schedules.
• TIPS (The Interlocal Purchasing System)coreChannel Partner/ Reseller/ DistributorCooperative purchasing partnership providing government and educational entities access to Projectmates through TIPS purchasing contracts.
• DIR (Texas Department of Information Resources)coreChannel Partner/ Reseller/ DistributorTexas state technology procurement partnership enabling state agencies and public higher education institutions to procure Projectmates through DIR contracts.
• CMAA (Construction Management Association of America)minorGTM or Marketing PartnerIndustry association partnership connecting Projectmates with construction management professionals and standards.
• COAA (Construction Owners Association of America)minorGTM or Marketing PartnerIndustry association partnership focused on construction owner perspectives and best practices.
• ERP SystemscoreTechnology or IntegrationProjectmates integrates with all modern ERP systems, enabling bidirectional financial data synchronization with accounting systems to eliminate double entry and improve bottom-line efficiency.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Kahua: Kahua offers a capital program and project management platform for owners, with a focus on government and higher education. Competes head-to-head with Projectmates in regulated, public-sector owner deployments.
• Autodesk Construction Cloud: Autodesk Construction Cloud bundles BIM 360/ACC modules for project management, document control, and cost tracking across construction owners and contractors. Competes directly with Projectmates in document management, drawing workflows, and project controls.
• e-Builder (Trimble): e-Builder is a Trimble-owned owner-centric capital program management platform for facility owners managing design and construction. Directly comparable to Projectmates in targeting the same owner persona with similar workflows.
• Oracle Primavera Unifier: Oracle's Primavera Unifier is an owner-centric capital project management platform covering cost, schedule, contract, and document management for large infrastructure and capital programs — closely aligned with Projectmates' enterprise/government focus.
• Procore Technologies: Procore is the leading construction project management SaaS platform serving owners, GCs, and specialty contractors with end-to-end workflows. It is Projectmates' most direct competitor in the owner-facing capital program management segment.

Emerging players

• Jonas Construction Software: Jonas offers an integrated construction ERP and project management suite for specialty and general contractors. Overlaps with Projectmates in cost tracking, document management, and project workflows for mid-market contractors and owners.
• Buildertrend: Buildertrend is a construction project management SaaS for residential builders and remodelers. While oriented more toward SMB residential, it overlaps with Projectmates in scheduling, document management, and customer communication workflows.
• CMiC: CMiC provides construction ERP and project management software for owners, GCs, and specialty contractors, including capital program management. Compares to Projectmates in financial controls, project workflows, and document management for enterprise construction.
• Bluebeam (Nemetschek Group): Bluebeam provides markup, PDF collaboration, and document control tools widely used in design and construction. Its Revu and Studio products intersect with Projectmates' document management and drawing collaboration capabilities.

Broad incumbents

• Trimble Viewpoint (Vista/ Spectrum): Trimble's Viewpoint suite provides ERP and project management software for construction contractors and owners. Competes with Projectmates in construction ERP, document management, and capital program controls as part of a broader Trimble construction portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/projectmates
• YouTubeyoutube.com/user/projectmates
• Facebookfacebook.com/projectmates
• LinkedInlinkedin.com/company/projectmates-systemates-inc-

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Projectmates