Constructech Event Features Session on Investing in Construction Technology

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Constructech Technology Day presented a session entitled Investing in Construction Technology, focusing on technology investments and what the future may hold.

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“I’m very excited to know that at least three firms are already thinking about investing in things that will make my life easier,” says Kevin Soohoo, CIO, Information Technology, Air Systems.

With crowdfunding on the rise, it seems everyone is getting poised to get a piece of the proverbial pie. But what makes a good investment? And how do you convince investors your product or service is the one to choose? On Friday, October 3, Technology Day attendees gathered to hear venture capital firms answer that age-old question: Where is the money?

“There is lots of room for disruptive technologies still. Historically, companies have underinvested in technology, and are finally beginning to catch up,” says Chris Avery, founder and managing director, Garland Search Capital, http://www.garlandsearch.com.

The session entitled Investing in Construction Technology featured moderator Kevin Soohoo, Air Systems; and speakers Chris Avery, Garland Search Capital; Art McGill, West Partners; and Kevin Spain, Emergence Capital Partners. These investors shared thoughts on what each looks for when investing in construction and tech companies.

“If we don’t have a strong management team we won’t have a strong investment,” says Art McGill, vice president, West Partners, http://www.westpartners.com. Having a strong management team ultimately leads to a better investment.

For Kevin Spain, general partner, Emergence Capital Partners, http://www.emcap.com, technology is key to investments today. He says, “Technology is really changing the game, replacing pen and paper processes.”

More specifically, he adds, “More mobile devices are coming into the industry, and companies are finding and seeing value.”

There was also talk of future technologies—which will prove beneficial for construction companies in the coming years.

“I’m very excited to know that at least three firms are already thinking about investing in things that will make my life easier,” says Kevin Soohoo, CIO, Information Technology, Air Systems, http://www.airsystemsinc.com.

Technology Day is an annual conference hosted by Constructech magazine. The 2014 event focused on turning tech data into profits for construction. Attendees had the opportunity to participate in sessions, network, as well as interact with technology solutions in the Exhibit Hall.

To learn more about Technology Day and Constructech magazine, please visit the Website.

About Constructech Technology Day
Constructech Technology Day is a one-day conference that dives into discussions on the use of technology in the construction industry. The conference is open to a wide variety of attendees from project managers, CEOs, students, CTOs, IT directors, professors, and more. Technology Day provides attendees with the opportunity to identify ways to effectively use technology to be most efficient in the office and at the jobsite. http://www.constructech.com/technology_day

About Constructech magazine
Constructech magazine is where construction and technology converge. The publication influences construction professionals to unleash the business value of technology. http://www.constructech.com

Contact:
Michelle Mayer
mmayer(at)specialtypub(dot)com
+1 630.933.0844 ext. 246

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Constructech magazine
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