Building Systems Design (BSD) has announced that two of the leading tech experts from the architecture, engineering and construction (AEC) sector have joined the ranks of its senior management, while Caltius Structure Capital has also closed a deal for the provision of additional investment.
Arol Wolford, the founder of Construction Market Data and co-founder of SmartBIM and VIMaec, has assumed the position of chief innovation officer with BSD, bringing over 30 years of industry experience as an AEC tech innovator to the Atlanta-based company.
Wolford has a lengthy track record of using technology to empower members of the AEC sector. He is an honorary fellow of the American Institute of Architects and was previously a member of Revit’s board of directors prior to its acquisition by Autodesk.
Veteran business leader Iain Melville has joined BSD as its executive chairman following a three-decade career in the tech and AEC sectors.
Melville has previously worked with companies such as RELX Group and UBM and has, in recent years, served as CEO of Construction Market Data, chairman of VIMaec and founder of Blaszt in the United Kingdom.
According to Chris Anderson, CEO of BSD, the experience and expertise of the new senior executives will enhance the company’s ability to deliver innovative digital and tech solutions to the AEC sector.
“Bringing Arol and Iain’s collective expertise, leadership and passion for AEC technology to BSD are an indication of substantial industry advancements on the horizon,” said Anderson. “We have a clear vision and roadmap that will deliver game-changing technology and bring digital and BIM-focused innovation to specifications.”
Atlanta-based BSD is a provider of specification and interoperability solutions such as SpecLink to the AEC sector and focuses, in particular, upon improvements to efficiency and collaboration during the project development process.
In addition to recruiting seasoned experts to senior positions, BSD also hopes to expedite future product development by closing an investment deal with Caltius Structured Capital, a Los Angeles-based fund that focuses on middle-market companies in North America with positive cash flows.
The Construction Specifications Institute, a nationwide industry association with over 7,500 members, will continue to remain closely involved with BSD via a minority equity stake.