Market Overview

BuildingConnected Acquires TradeTapp; Brings Best-in-Class Subcontractor Risk Qualification Solution to the World's Largest Construction Network

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Acquisition expands BuildingConnected's offerings, enhancing
subcontractor qualification and adding risk mitigation planning into
existing preconstruction solutions

BuildingConnected,
the leading preconstruction platform for real estate owners and general
contractors to hire qualified subcontractors, today announced the
acquisition of TradeTapp,
a subcontractor risk analysis platform. With the addition of TradeTapp,
BuildingConnected becomes the only bid management platform that provides
general contractors and owners project specific risk mitigation
recommendations based on subcontractor qualification data. The
acquisition of TradeTapp and integration of its products provide the
more than 2,500 general contractors and owners on the BuildingConnected
platform with a holistic, integrated preconstruction solution.

"Poor subcontractor selection costs the construction industry millions
of dollars every year. TradeTapp's robust qualification solution enables
contractors to efficiently vet and make more informed decisions when
selecting subcontractors, which lowers costs and better mitigates risk
in commercial construction," said Dustin DeVan, CEO and co-founder of
BuildingConnected. "Construction has been historically underserved by
technology, and with the addition of TradeTapp, BuildingConnected is
truly the only all-in-one solution for the entire preconstruction
process."

More than $100 billion in new construction projects are bid out across
BuildingConnected's network every month, and more than 200,000 owners,
general contractors, and subcontracting companies use the platform
monthly. Customers include marquee builders like Clark Construction,
Mortenson, McCarthy, Structure Tone, Shawmut Design and Construction,
and Turner Construction, among many others. BuildingConnected also works
with owners and developers including Brookfield, Panera Bread, UCSF, and
Duke Realty.

"The lack of collaboration between contractors regarding subcontractor
selection increases the risk for all parties and puts millions of
dollars in losses at stake. TradeTapp solves this issue by giving
contractors access to information to better understand the risks they
assume when undertaking a project," said Justin Levine, CEO and
co-founder of TradeTapp. "BuildingConnected's industry-leading platform
further innovates the way construction gets done, and we're excited to
deliver our product to its expansive network."

The acquisition comes months after BuildingConnected received $15
million in new funding from Brookfield Ventures, Brookfield Asset
Management's venture fund, bringing the company's total funding to $53
million. Other investors in the company include Lightspeed, Crosslink,
Homebrew, Brick & Mortar, Bee Partners, and Freestyle.

To learn more about BuildingConnected and request a demo, visit www.buildingconnected.com.

About BuildingConnected

BuildingConnected is the leading preconstruction platform enabling real
estate owners and general contractors to hire qualified contractors for
their projects. BuildingConnected's mission is to connect every business
in the $10 trillion construction industry and to strengthen the lives,
jobs, and relationships of millions of hardworking construction
professionals worldwide. BuildingConnected's platform is used and loved
by over 2,500 general contractors and owners, and more than $100 billion
in new construction is enabled through the BuildingConnected platform
every month. From the new Golden State Warriors stadium to local schools
and hospitals, BuildingConnected's tools are helping cities grow and
bringing communities together. Founded in 2012, BuildingConnected has
since raised $53 million from top-tier investors including Lightspeed,
Crosslink, Homebrew, Brick & Mortar, Bee Partners, Freestyle, and
Brookfield Ventures.

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