Acquisition Combines Industry’s Leading Aerial and Ground Reality Capture Solutions to Meet Industry Demand and Accelerates Both Companies’ Roadmaps
News of the acquisition has been met with "overwhelmingly positive" response from customers of both companies.
Rapid integration of both products' core capabilities will quickly provide customers with the benefits of a unified platform.
DroneDeploy, the leading reality capture platform, today announced that it has completed its acquisition of StructionSite, a leading provider of intelligent project tracking software for the construction industry.
The deal closed on November 4, 2022, and the integration of both products' core capabilities and teams is expected to proceed rapidly.
Unified, automated, intelligent
With this acquisition, the realization of DroneDeploy's vision of the future of reality capture being unified, automated and intelligent has been accelerated. The combined technology, resources and expertise from this acquisition are set to create the most complete, feature-rich platform for reality capture - whether from the air, ground, interior or exterior.
"We are thrilled to welcome StructionSite's team and customers to the DroneDeploy family," said Mike Winn, CEO and co-founder of DroneDeploy. "Our team is ready to hit the ground running to deliver on something so many of our customers have been asking for: a reality capture platform that is unified and intelligent, but also automated - so they can quickly start to see the benefits of advancements in aerial and ground robotics."
"The entire StructionSite team is excited to be joining the DroneDeploy family," said Matt Daly, former CEO and co-founder of StructionSite. "The response from our customers and partners in the construction world has just been overwhelmingly positive. People see the benefits a unified, automated and intelligent reality capture platform will bring, and we are excited to deliver on that promise on an accelerated timeline."
Following the acquisition, Daly has joined DroneDeploy's executive leadership team in a role that will focus entirely on planning and implementing the two companies' strategic integration plan. Daly will be working closely with customers of both companies to ensure they experience the benefits of the unified reality capture platform as early as possible.
Winn and Daly hosted a live event on November 1, 2022 to share more details about the two companies' strategic integration plans, the roadmap for the unified platform and its impact on the future of reality capture. You can access the recording here.
Wilson Sonsini Goodrich & Rosati, P.C. acted as legal advisor to DroneDeploy in the transaction. About DroneDeploy
DroneDeploy is the leading reality capture platform, making the power of interactive digital twins accessible and productive for everyone.
Trusted by Fortune 500 companies globally, DroneDeploy transforms sites, structures and assets into easy-to-understand digital representations that are accessible from any location, altitude or angle - all in one platform. Intuitive by design, DroneDeploy helps businesses in the construction, energy and agriculture industries to save time, improve safety and lower unforeseen costs throughout their entire operation.
DroneDeploy is headquartered in San Francisco, with our team of global experts located throughout the U.S., Asia-Pacific and Europe. To learn more, visit http://www.dronedeploy.com, and join the conversation on LinkedIn, YouTube, Instagram and Twitter.
Launched in 2016 and acquired by DroneDeploy in 2022, StructionSite is a leading provider of interior reality capture for the construction industry. Its intelligent project tracking platform provides customers in-depth and organized insights into the status of work completed on a jobsite using 360° video, photo and AI-powered algorithm mapping. StructionSite's web and mobile applications are designed to easily capture project progress from every angle and at every phase of construction, giving contractors and project owners the ability to track projects, validate schedules and eliminate re-work. Learn more at StructionSite.com.