procore technologies inc ipo
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Procore technologies inc ipo

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Unlike other industries, construction requires specified solutions due to its unique complexities. Traditional software solutions are still commonly used, but for the bulk of the construction management process, they are inadequate for meeting firms' needs. On any given project, there are a number of different stakeholders, each serving their own role. Whether they're general contractors, subcontractors, architects and engineers, or even owners, each entity has to be on the same page and able to efficiently communicate with one another to avoid project delays.

These different stakeholders are also operating from both the office and the job site simultaneously, so they require a central destination to store files and collaborate. This is where Procore comes in. It now serves more than 10, business customers globally and helps speed up project times by bringing the industry into the modern age. Whether it's streamlining communication from the office to the job site, uploading digital documents, assuring quality and safety specifications, or managing field productivity, Procore provides a comprehensive digital operating system to its customers.

Procore is almost 20 years old, but its platform saw very little adoption until roughly 10 years ago. Thanks to the proliferation of mobile devices like smartphones and tablets, team members are now able to stay connected without having to go to and from the office. This trend has led to rapid expansion for Procore over the past decade. The company is also home to more than 1. With construction being one of the least digitized industries in the world, it's no surprise that management is spending lots of money on sales and marketing as it goes after a huge base of potential customers.

While there's certainly a lot to like about the business, it's probably best to wait on the sidelines for the time being. Cost basis and return based on previous market day close. Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of Discounted offers are only available to new members. Calculated by Time-Weighted Return since Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Procore is a leading provider of construction management software. Our platform connects every project stakeholder to solutions we've built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's Marketplace has a multitude of partner solutions that integrate seamlessly with our platform, giving construction professionals the freedom to connect with what works best for them.

Headquartered in Carpinteria, California, Procore has offices around the globe. About Procore Procore is a leading provider of construction management software.

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Forex for beginners kobo ebook Why the Dow finally bounced this week — and is this market resilience for real? ET on Motley Fool. This procore technologies inc ipo release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration forex advisors fxbenefit qualification under the securities laws of any such state or jurisdiction. IBEX These different stakeholders are also operating from both the office and the job site simultaneously, so they require a central destination to store files and collaborate. For the best MarketWatch.
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