In the Press

Geomni and Renoworks Enter Strategic Technology Partnership and Mutual Reseller Agreement

LEHI, UT — September 25, 2018 

Geomni and Renoworks proudly announce strategic partnership to advance home design-to-project delivery process.    

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 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.