An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Procore Opens New Asia-Pacific Headquarters in Historic Sydney Building Following Sustained Local Growth
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Procore Technologies (NYSE: PCOR) has opened its new Asia-Pacific headquarters in Sydney, aiming to create over 100 new jobs in the region due to rising local demand. Business in Asia Pacific nearly doubled from 2020 to 2021, prompting this expansion. The new office spans 15,000 square feet and is designed for a hybrid work model, supporting both in-person and virtual collaborations. Procore also plans to enhance its solutions tailored for the Australian and New Zealand construction industries.
Positive
Opening of a new Asia-Pacific headquarters in Sydney supports local job creation.
Plans to create over 100 new jobs in ANZ, reflecting sustained customer growth.
Office designed for a hybrid work environment, enhancing employee satisfaction and productivity.
Significant business growth in Asia Pacific, nearly doubling from 2020 to 2021.
Negative
None.
Global construction tech company reaffirms commitment to Sydney with plans to create 100+ new jobs
SYDNEY--(BUSINESS WIRE)--
Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced the opening of its new Asia-Pacific headquarters in Sydney. The continued investment in the region follows significant local demand, with business nearly doubling across Asia Pacific from 2020 to 2021.
Procore opens its new Asia-Pacific headquarters in Sydney. (Photo: Business Wire)
Five years since opening its first office in Australia, the investment in a new, larger space demonstrates Procore's ongoing commitment to Sydney as its regional headquarters. The company’s rapidly expanding local team continues to grow in response to sustained customer growth across APAC in 2021. To scale the business and meet the continued demand of the local construction industry, Procore has plans to create over 100 new jobs in ANZ.
Tom Karemacher, vice president APAC at Procore commented, “As both the business and the team have rapidly expanded, we needed a flexible and collaborative new working environment that is built for true scale. Procore understands that most employees now prefer a hybrid working style, so we made a conscious decision to allow one desk for every two employees, and ensure all meeting and event spaces could provide a great experience both in person and virtually. We hope to attract and retain the brightest talent on Australian shores.”
Procore’s new offices are set in SubStation No.164, two adjacent historic Sydney buildings that have been innovatively revitalised into a commercial and cultural space by Built. The world-class office facility in this iconic Sydney site spans 15,000 square feet over two floors, equipped with automated technology to support sustainability and the wellbeing of occupants. Completed by Belvia, the internal fitout has drawn inspiration from Procore’s flagship US offices in Carpinteria, California and Austin, Texas, while ensuring it is designed to meet the unique needs of the ANZ team.
“The substation is a special, historical development that Procore was drawn to because it celebrates Sydney’s heritage, at the same time as showcasing the vision, skill and innovation of the local construction industry,” Karemacher continued. “We have also acknowledged the traditional owners of the land, the Gadigal people of the Eora nation, by choosing native language names for meeting rooms and commissioning indigenous artwork to decorate the spaces. We are excited to gather, collaborate and continue to grow in our dynamic new Asia-Pacific headquarters.”
“The team at Built was delighted to be able to deliver a first class fitout for Procore in our award-winning SubStation No.164 building. The synergy of working with the Procore team was evident from day one with our shared commitment to collaboration and forward thinking which made the journey from design of the space through to handover a rewarding experience for all stakeholders,” said John de Smet, Director Small Works and ACT at Built.
In addition to investing in this new office space, Procore is doubling down on its commitment to innovating new solutions that address the specific challenges faced by the construction industry in Australia and New Zealand. The company has had global success with the solutions developed for the Australian market to date, including Correspondence, Action Plans, Quality Essentials, Document Control and Safety Essentials.
"PBS Building is thrilled to continue our longstanding partnership with Procore. Having worked with the team for 5 years, we value Procore's commitment to local innovation and they will continue to be our preferred construction technology partner,” said Matthew Rayment, chief operations officer at PBS Building.
Key reference customers for Procore in ANZ include SHAPE, Meriton, Charter Hall and PBS Building. The ongoing demand for Procore’s solutions is supported by a growing partner ecosystem, with nearly 350 integrations now available on Procore’s App Marketplace.
“Procore exists to improve the lives of everyone in construction. The enthusiasm of our local customers and partners over the past five years is a real testament to the Procore platform and our team's ability to innovate and solve for local challenges. The design of the new offices includes purpose-built spaces to entertain our customers and partners and showcase the solutions we have developed for them. We look forward to welcoming the Procore community to Clarence Street for years to come,” Karemacher concluded.
Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore'sApp Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe. Learn more at Procore.com.
