Caterpillar Venture Capital, a wholly owned subsidiary of Caterpillar Inc, has announced a strategic investment in busybusy, a software firm that helps customers optimise operations, specifically addressing real-time tracking of jobsite labour costs. This unique software application helps to drive efficiencies and productivity on customer’s jobsites.
busybusy’s technology will be offered to construction customers as a subscription based service, adding to the suite of offerings within Cat Connect.
“While we will continue to focus on driving productivity gains from equipment on the jobsite through our technology and services, we know this accounts for only a fraction of the costs our customers are managing,” said Caterpillar's Construction Digital & Technology manager John Carpenter. “By leveraging the software developed by busybusy, we can now be able to offer labor management services for our customers, which we know is one of their most significant variable expenses on the jobsite. This investment is a natural extension of the work we are doing to offer customers a suite of digital offerings to help them be more successful."
“Our mobile app automates labor and cost management with the contractor in mind. The real-time information we provide helps construction companies become more efficient, productive and profitable,” said Isaac Barlow, busybusy CEO. “The investment by Caterpillar Ventures will assist in the rapid improvement and expansion of our offerings.”
Read the article online at: https://www.worldcement.com/the-americas/06032017/caterpillar-venture-capital-invests-in-busybusy/