Caterpillar Ventures invests in busybusy software company
Caterpillar Venture Capital, a wholly-owned subsidiary of Caterpillar, has made a strategic investment in busybusy, a software development company that helps customers optimise operations, specifically addressing real-time tracking of jobsite labour costs.
The software application developed by busybusy, which is based in Saint George, Utah, USA, helps drive efficiencies and productivity on customers’ jobsites.
“While we will continue to focus on driving productivity gains from equipment on the jobsite through our technology and services, we know this accounts for only a fraction of the costs our customers are managing,” says John Carpenter, Caterpillar's Construction Digital & Technology manager.
“By leveraging the software developed by busybusy, we can now be able to offer labour management services for our customers, which we know is one of their most significant variable expenses on the jobsite. This investment is a natural extension of the work we are doing to offer customers a suite of digital offerings to help them be more successful.”
busybusy’s technology will be offered to construction customers as a subscription based service, adding to the suite of offerings within Cat Connect.
“Our mobile app automates labour and cost management with the contractor in mind. The real-time information we provide helps construction companies become more efficient, productive and profitable,” says Isaac Barlow, busybusy CEO.
“The investment by Caterpillar Ventures will assist in the rapid improvement and expansion of our offerings.”
Cat Connect Technologies and Services include hardware and software designed to improve customer operations, including Cat and non-Cat assets, as well as help customers leverage data generated by their assets to boost business results and strengthen their competitive advantage.