Tuesday, July 6, 2021

Procore In Middle East, North Africa Expansion

Carpinteria-based construction project management software developer Procore says it is expanding its efforts in the Middle East and North Africa, through a strategic partnership with one of its investors. According to Procore, the effort--focused on the United Arab Emirates (UAE) and Saudi Arabia--is a result of an partnership with Mubadala Investment Company, an Abu Dhabi-based sovereign investor and existing Procore shareholder. Financial details of the effort were not announced. As part of the effort, Procore said it has named Mohamed Swidan as Head of Middle East & North Africa. Procore recently had an IPO, and now trades on the NYSE as PCOR.