Thinkproject announces record financial results for 2024

Driven by enterprise demand for asset lifecycle platforms

Munich - 28/01/25
Thinkproject, Europe’s leading SaaS provider for the construction technology and built asset management sector, today announced record-breaking financial and operational results for the year ending December 31, 2024, achieving double-digit growth and reinforcing its position as a market leader.

The construction and built asset industry’s accelerated adoption of digital solutions propelled Thinkproject to new heights, with bookings increasing by 30% year-over-year (YoY). This milestone cements 2024 as the company’s most successful year to date, outpacing legacy software vendors and capturing the growing demand for its innovative Built Asset Lifecycle Platform. 

Launched in 2024, the platform integrates Thinkproject’s portfolio of industry-leading solutions, empowering customers to manage the entire asset lifecycle seamlessly—from planning and construction to operation, renewal, and decommissioning. This comprehensive approach has positioned Thinkproject as the preferred partner for digitalising complex and large-scale projects and assets, driving an impressive 30% YoY growth in Annual Recurring Revenue (ARR) from enterprise customers (those contributing more than €1 million ARR). 

Thinkproject is proud to have strengthened its partnerships with some of the world’s most ambitious and respected infrastructure projects and asset operators, including  Fehmarnbelt Tunnel, TenneT, Deutsche Bahn, Network Rail, DEGES, Autobahn GmbH, the UK Department for Transport, Drees & Sommer,  Balfour Beatty, VINCI, STRABAG, Spie Batignolles, Technip, EIFFAGE, BOUYGUES, Societe Des Grands Projets, Vattenfall, Transnet BW, Roche, Volkswagen and Heathrow Airport. 

Maintaining a relentless focus on customer success, Thinkproject achieved a record Net Retention Rate (NRR) of 112% in 2024. This was driven by increased adoption of its portfolio solutions, continued innovation and supported by world-class customer service and technical support teams. 

Renzo Taal, Chief Executive Officer of Thinkproject, commented:

 

“Not only have we successfully met all our financial and operational targets in 2024, but we’ve also seen strong adoption of the Thinkproject Built Asset Lifecycle Platform, launched this year. This milestone marks our evolution from offering several best-in-class solutions to delivering a fully integrated platform, a shift that has been embraced by our customers. Our 2024 financial results reflect this transformation and reaffirm the trust that our customers place in Thinkproject as their partner in digital transformation.”

Looking ahead, Thinkproject is poised to build on its 2024 momentum by further enhancing its Built Asset Lifecycle Platform and expanding its capabilities to meet evolving customer needs. The company remains committed to its mission of making digital transformation accessible and impactful for the built asset sector. 

 

 

About Thinkproject

Thinkproject is Europe’s leading software provider for the engineering, construction and asset operations industry, with in-depth expertise in information management for building construction, infrastructure and the energy sectors.

With its Built Asset Lifecycle Platform, Thinkproject enables its customers to create an asset-centric Connected Data Ecosystem for efficient management throughout the entire lifecycle. From planning and operations to renewal and renovation, all stakeholders are supported with seamless, up-to-date and consistent access to all relevant information. Users can flexibly select suitable solutions and utilise platform synergies to achieve top performance.

Headquartered in Munich, Germany, with 700+ employees worldwide, Thinkproject supports more than 750,000 users in 75,000 built assets at more than 3,250 customers in over 60 countries.

Contact information: 

Corina Marcuti
Thinkproject, Sr. Manager Marketing
Email: [email protected] 

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