Caterpillar Venture Capital Inc., a wholly owned subsidiary of Caterpillar Inc, announced today a strategic investment in busybusy, a software development firm that helps customers track jobsite labor costs in real time.
“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,” said Caterpillar's Construction Digital & Technology manager John Carpenter. “By leveraging the software developed by busybusy, we can now be able to offer labor 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 labor and cost management with the contractor in mind. The real-time information we provide helps construction companies become more efficient, productive and profitable,” said 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.