Introduction
Averroes Software's mission is to empower all design and construction engineering companies striving to achieve projects on time and on budget or frustrated with decentralized project data, preventing them from making accurate and quick decisions.
Our agile, all-in-one construction project management cloud-based platform is the fruit of many years of experience in project management. Many senior professionals and experts have participated in the improvement of Averroes Software in order to empower project teams and enhance business growth.
We work with all companies that manage construction projects from engineering/design to close-out; whether they are residential, industrial, institutional or infrastructure projects.
Problem
Among the most common construction project management challenges faced by every project manager are poor communication & time management.
The Project Management Institute (PMI) states that poor communication is a contributing factor in 56% of the projects that failed.
In addition, the 2020 Standish Group Chaos Study shows agile project success rates at 2x higher than traditional projects, and agile projects were 1/3 less likely to fail.
Solution
To solve communication and time management problems for the construction market, our cloud-based solution is based on an agile management mindset and includes easy and different communication tools.
Averroes software follows the agile project management methodology which is iterative and adaptive to changes.
Unlike the traditional way which follows a step-by-step heavy planning process. Our approach focuses on breaking down large projects into more manageable tasks, which are completed in short iterations throughout the project life cycle.
We believe that the agile management approach is a game changer for construction project management and by adopting the “Agile Manifesto” values, project managers could expect a significant improvement to the project team performance.
Regarding communication and collaboration, we have integrated in our platfrom:
- Built-in email module for internal & external users.
- Built-in video conferencing module (including recorded meetings, online MOM form filling, screen sharing).
- RFI (request for information) management module.
- Robust mobile platform (iOS and Android).
- Real time chatting.
- Video calling.
- Vocal commenting on documents.
- Link generation and file sharing.
- Tasks sharing.
Business Model
Averroes Software's business model is a cloud-based solution as well as an on-premise (self-hosted as per customers’ requirements) solution, targeting worldwide construction companies of all sizes in the commercial, residential, industrial, and infrastructure construction segments, mainly with three options:
Market
The Project Management Software market is expected to gain considerable traction in the coming years as organizations are incorporating automated project management software to complete basic project management tasks and functions without any intervention.
Moreover, irrespective of enterprise size, most enterprises are continuously leveraging the benefits of Enterprise Project Management (EPM) to increase business productivity, streamline communication, improve project quality, and minimize project overall costs.
Success To Date
Apeiron Technologies, a leading company in Enterprise Software Development in The African and European Region financed and supported the development of Averroes Software Solution for over two years.
We succeeded to envision and building a fully functional product that satisfies our customer needs with our proper financial and human resources and we continue this journey with the help of our partners and investors.
Please find below our product roadmap:
Team
Strong Field Knowledge in Software Engineering, Project Management, and Business Creation.
Led the development of more than Dozen IT and Software Engineering Projects in Multiple industries (IoT, E-commerce, Big Data, Data analysis, Hardware Recycling, and Logistics).
Chairman of an Ecommerce Company for over two years. Teaching Computer Science Class for future Engineers. Had 5 Years of experience as a project planner/controller in a Construction Engineering Consulting Company.
Sana has been working in construction and engineering oil & gas project management for 8 years (In Alpha Technology/Alpha Engineering International). She was also the head of business development department and led her company’s expansion in the Ivory coast where she created a profitable customer portfolio.
Use of Proceeds
If the offering's maximum amount of $250,000 is raised:
| Use | Value | % of Proceeds |
|---|---|---|
| Marketing & Business Development | $125,000 | 50.0% |
| Payroll | $80,000 | 32.0% |
| General & Administrative | $32,750 | 13.1% |
| Intermediary fees | $12,250 | 4.9% |
Terms
This number includes all funds raised by the Company in this round on Netcapital. This is an offering of Common Units, under registration exemption 4(a)(6), in Averroes Software LLC. This offering must reach its target of at least $10,000 by its offering deadline of December 11, 2023 at 8:59pm ET. If this offering does not reach its target by the offering deadline, then your money will be refunded.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
Financials
These financial statements have been reviewed by an independent Certified Public Accountant.
SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
More Info
Updates
- Dec 12, 2023Primary offering finalized, selling units
- Apr 19, 2023We are thrilled to announce that Averroes...
- Mar 31, 2023We are excited to announce that Averroes...
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