Constructech's Hottest Companies To Watch
Aug 17, 2007
CG Visions was given the title of Hottest Companies to Watch by ConstrucTech, whichadvises 40,000 unique contractors, subcontractors, corporate owners, property managers, and facility managers on the technology, services, and building automation that helps grow their business. With a specialized focus on the needs of the construction industry, Constructech Commercial is the one source for technology and automation in this space.
When the going gets tough, the tough get going. It might be a bit of a tired and old cliché, but it surely applies to residential construction during the past year.
Market slowdowns are nothing new to the homebuilding sector; construction is among the most cyclical of industries. What’s different this time around is that IT (information technology) will play a strong role in helping builders continue to increase profitability. These solutions are helping to lay the groundwork for builders to experience even stronger growth during the next upswing.
This “only the strong survive” mantra of the past year definitely applies to IT and automated home technology providers. While many vendors exist in the market, only a handful are continuing to rollout new and useful products while adding to their customer base in a time when builders typically pull back on technology spending.
Judging criteria for Constructech’s Hottest Companies entails our panel of technology editors evaluating the systems provided entails our panel of technology editors evaluating the systems provided by the vendors, revenue growth in the past year, and the value they provide to the construction industry. Vendors that meet a series of standards and even now during slowing market conditions are that much more notable in the eyes of the editors.
As you will see, those selected hot are providing you—the builder—with proven solutions built on solid technology. You will not see much bleeding-edge technology from this group, as they are committed, rather, to providing the residential community with the tools that supplement best business practices.
Indeed the seven companies selected as ‘Companies to Watch’ are also providing some very interesting technology solutions. These companies are providing technology that are constantly moving the marketplace forward, but are not necessarily delivering new cutting-edge solutions this year. Most are making nice product upgrades that are helping their customers move forward in the marketplace and are prodding new prospects to discover the benefits of technology in general.
The Companies to Watch list also includes some providers of proven automated home technology. While we certainly don’t doubt the technology or components they provide, the editors do believe these firms could do more in terms of educating builders on why they should be equipping their homes with automated home technology. The companies to watch are more than capable of providing viable technology for builders to provide to their homebuyers.
It is truly an exciting time to be involved with technology in the residential market. Investing in technology and automated home technology today means you are in the position to profit today and tomorrow. We hope our guidance adds a bit of assistance in your evaluation.
Read the rest of the article at ConstrucTech
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