Renoworks and Geomni proudly announce strategic partnership to advance home design-to-project
delivery process
CALGARY, Sept. 25, 2018 /CNW/ - Renoworks Software Inc.
(TSXV: RW) ("Renoworks"), is proud to announce it has entered into a strategic partnership with industry leading geospatial
data company Geomni ("Geomni"), a Verisk (Nasdaq:VRSK) business, to advance the home design-to-project delivery
process in construction and remodeling markets.
Geomni's vast expertise in delivering detailed measurements and analytics that serve multiple markets including insurance,
architecture, emergency response, urban planning, and more, combined with Renoworks' leading visualization services and extensive
manufacturer product libraries powering the home remodeling and construction industry, provide additional growth opportunities
and exciting innovation conduits for both companies.
The agreement allows Renoworks and Geomni to act as mutual value-added resellers (VAR) of their respective product
solutions with initial deployment focused on manufacturer and material supplier markets. Renoworks and Geomni's joint technology
partnership will enhance the design and delivery experience through innovative solutions for businesses and the wider
industry.
Jeffrey C. Taylor, President at Geomni stated "Renoworks visualization platform is the perfect
distribution vehicle for Geomni's imagery analytics tools in the home construction market. Supporting this market by improving
performance and creating significant impact in the value chain is a key strategy Geomni is pursuing to provide critical solutions
for homeowners."
Improving the Home Design-to-Project Delivery Process
The home design-to-project delivery process remains one of the most lengthy and inefficient processes for homeowners today,
consisting of budgeting, design, measurements, estimation and contracting services to complete projects.
Improving the homeowner experience is an integral part of driving the residential construction industry forward as well as
verticals such as insurance and home rehabilitation.
Doug Vickerson, CEO of Renoworks stated, "When it comes to supporting the home delivery process
in the measurement and estimation phases, Geomni's geospatial technology and property data stores are the most advanced and
comprehensive in the industry."
Mr. Vickerson continues, "As we continue to improve the customer experience, we recognize our involvement must scale into
interconnected verticals to better serve the market and support the home design-to-project delivery process."
"Partnering with an industry leader like Geomni is a water shed moment for Renoworks and validates our own leading visualizer
technology. As our partnership evolves, this strategic alliance holds the potential to drive significant awareness for our
innovative visualization solutions and drive our top and bottom line over the coming years. Additionally, our partnership will
help Renoworks continue to fulfill its mission of bridging the gaps in the value chain and we look forward to working with the
Geomni team to do so."
About Geomni
Geomni, a Verisk (Nasdaq:VRSK) business, is centered around an address- and location-based database of property-related
analytics. Using the latest remote sensing and machine learning technologies, Geomni gathers, stores, processes, and delivers
geographic and spatially referenced information relating to residential and commercial structures. Property professionals can use
the data to help determine scope of damage, discover hazards, assess risk, perform valuations, and much more. Our property
analytics database supports a number of critical tools that protect people, property, and financial assets. Learn more
at www.geomni.net.
About Verisk
Verisk (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, energy and specialized
markets, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk draws on unique
data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk
offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather
risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. Around the world,
Verisk helps customers protect people, property, and financial assets.
Headquartered in Jersey City, N.J., Verisk operates in 30 countries and is a member of
Standard & Poor's S&P 500® Index. In 2017, Forbes magazine named Verisk to its America's Best Mid-Size Employers list and
to its World's Most Innovative Companies list. Verisk is one of only seven companies to appear on both lists. For more
information, please visit www.verisk.com.
About Renoworks
Renoworks Software Inc. develops and sells unique digital visualization software and integration solutions for the remodeling
and new home construction industry. Renoworks delivers its technology to manufacturers, contractors, builders and retailers
offering solutions to one of the home improvement industry's greatest challenges: enabling homeowners to review their product
selections in a hyper realistic, virtual environment before committing to purchases and construction. Renoworks markets its
technologies as innovative engagement tools and generates revenues from four main business lines: Renoworks Enterprise, Renoworks
PRO, Renoworks Design Services and Renoworks SDK (Software Development Kit). For more information, visit: www.renoworks.com and www.renoworkspro.com.
Forward Looking Information
Certain statements in this news release, other than statements of historical fact, are forward looking information that
involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to
enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature.
These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such
statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such
statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of the
management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation
to update forward-looking statements should circumstances or management's estimates or opinions change.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE RenoWorks Software Inc.
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