Founded in 2011
Agile Frameworks was created by another company, Braun Intertec, in 2011. At first, the company’s software was mainly used to serve the needs of Braun Intertec’s business clients. In 2012, Braun Intertec spun out the software company as a separate business but continues to use Agile Frameworks software as a customer.
Agile Frameworks now serves a variety of engineering clients such as Kumar & Associates (a Dever engineering company), Nova Engineering (an Atlanta-based engineering consulting company), and Olsson Associates (a Nebraska environmental company).
The engineering software company solves a variety of problems for its users. The platform can be used for construction materials testing, environmental consulting, non-destructive testing, and building sciences. Agile Frameworks makes it easier for engineers to manage their workflow, digital signatures, and documents.
Long Arc Capital
Established in 2016, Long Arc Capital has a growing portfolio. The firm has invested in TagPlay (a software company serving the banking industry), Tinubu Square (an enterprise software company for insurance), and Concertiv, Inc. (a procurement software business). The investing firm is led by managing partner Gaurav Bhandari. Before starting Long Arc Capital, Bhandari led the private investment portfolio at Goldman Sachs. Bhandari is also on the board of directors for CircleBlack, Tinubu Square, and Robertson Stephens.
Long Arc Capital has taken majority ownership in Agile Frameworks, but the financial terms of the investment have not been disclosed.
Saving Time on Audits
Preparing for audits is time-consuming whether a business faces a tax audit or a technical audit. Agile Frameworks helps an engineering business manage its quality management systems and lab facilities to pass audits more efficiently.
Furthermore, Agile Frameworks estimates that a business facing a quality audit may spend two to three weeks on audit work. For example, it can be challenging for an engineering business to maintain lab training records required to pass an audit. Agile Frameworks’s software also helps to maintain records regarding sensitive engineering and lab equipment. By simplifying audits, Agile Frameworks has the chance to distinguish itself from other engineering management software products on the market.
Project Management Software Competition
While the software company offers more than project management, it does compete against other firms in the space. To efficiently pass audits, Agile Frameworks competes against companies using products like Microsoft Excel to maintain their records at the low end of complexity. Furthermore, the company also competes with large project management business tools like Workzone, Microsoft Project, and Primavera. According to Market Study Report data published in March 2021, the global construction project management software industry was worth $1.4 billion in 2019. However, the industry is expected to grow to $3.6 billion by 2027.
About the Author
Bruce Harpham is an author and marketing consultant based in Canada. His first book, "Project Managers At Work," shared real-world success lessons from NASA, Google, and other organizations. His articles have been published in CIO.com, InfoWorld, Canadian Business, and other organizations. Visit BruceHarpham.com for articles, interviews with tech leaders, and updates on future books.