Simpson Strong-Tie acquires LotSpec app suite
Pleasanton, Calif. – Simpson Strong-Tie has acquired LotSpec, a suite of software applications designed to optimize efficiency and productivity for production homebuilders’ needs around construction document and option management solutions. This strategic acquisition, coupled with the 2017 acquisition of CG Visions, will continue to deepen the Simpson Strong-Tie partnership with top builders, architects and engineers, the company says, by offering scalable software solutions via key apps for the industry-standard design platforms Autodesk AutoCAD Architecture and Autodesk Revit.
Founded in 2016 by construction IT veteran Jon Albert, LotSpec is focused on the design and development of efficiency tools, practices and workflows for the large-volume homebuilders. The company’s core LotSpec application has been developed as a solution for helping builders manage project options, and is built on a similar code base in both 2D or 3D AutoCAD Architecture and Autodesk’s flagship product Revit. This dual functionality allows builders to gain maximum efficiency from their existing 2D drawings, while setting the stage to ease into advanced functionality with Revit and other complementary technology solutions provided by CG Visions.
According to an October 2016 survey conducted by the National Association of Home Builders, awareness and adoption of BIM solutions is increasing among residential construction professionals. In the survey of architects, single-family and multifamily builders, 27% of respondents said they were familiar with BIM, compared to only 17% who reported being familiar with the technology in 2014. Even among those professionals who are BIM-aware, adoption is increasing slowly, demonstrating the need for easily implemented, scalable solutions.
“As the industry looks to achieve more from their existing construction documents and evolve to newer technology, solutions are needed that provide immediate value and still allow for adoption of more advanced programming, but on the builder’s own timeline,” says Albert. “With LotSpec now available as a choice from the Simpson Strong-Tie technology offering, current and future customers will have access to additional product resources and technologies which are designed to integrate with their business needs.”