Press Release

Procore on Track to Double Revenues in 2012

Procore Technologies, Inc., the cloud-based construction project management software company is expanding their operations in Santa Barbara, California allowing the company greater flexibility as it continues to release more award-winning, industry-leading software throughout 2012.

SANTA BARBARA, Calif., Jun. 19, 2012 — Cloud-based construction project management software company Procore Technologies, Inc, announces record growth and plans for increased expansion in 2012. The award-winning company is already on its way to doubling its revenues from last year, and more expansion is on the way.

The construction project management software company has acquired additional office space near its headquarters in Santa Barbara, California in order to expand operations in accordance with its growth. The company will be hiring additional employees to meet demand and provide Procore's clients with additional support and training.

"We are proud to be a part of the growing cloud-based technology community of Santa Barbara," said Procore CEO Craig "Tooey" Courtemanche. "While continuing our industry-leading reputation for outstanding new technologies and exemplary client support, we look forward to creating even more growth and furthering our client base and offerings in 2012."

Additionally, Procore will be releasing new industry-leading features to its suite of cloud-based project management software in the remainder of 2012. These additions will join Procore's expansive project management software features and offerings, including the recently released mobile app Procore for iPad.

Procore's construction project management tools consist of several user-friendly applications including Contract and Change Order Management, RFI Creation and Tracking, Daily Log Management, Project Scheduling, Document Management, Project Bidding, Construction Project Scheduling, Construction Punch List Status Tracking, Photo Archiving and Project Submittal Management. With these tools, clients can manage contracts, create accurate schedules, schedule meetings, store documents, close RFIs faster, track project correspondence, monitor insurance coverage, track hours worked, collect and track bids, and organize submittals.

About Procore Technologies, Inc.
Procore Technologies, Inc., founded in 2003, provides cloud-based construction management software to more than 500 clients across the globe. Using its award-winning suite of construction management software, over 100,000 registered Procore users manage all types of construction projects including industrial plants, office buildings, apartment buildings, university facilities, retail centers and more. For more information about Procore Technologies, or for a free online demo, visit https://www.procore.com.