T.B. Penick & Sons Selects CMiC

Growing General/Specialty Contractor to Integrate, Go Paperless with CMiC Open Enterprise v10

TORONTO – January 19th, 2010 – CMiC, the leader in creating the most advanced and technologically open-enterprise wide software solutions for the construction industry, is excited to announce that T.B. Penick & Sons, an award-winning, construction and general/specialty contracting company has decided to use CMiC Open Enterprise v10 to integrate real-time information with a single data entry point and a paperless workflow environment.

"CMiC has a fully integrated solution with a robust database to support our growing need for information now and into the future," said John Boyd, CFO of T.B. Penick & Sons. "CMiC understands our industry and they were able to provide feasible explanations and cost-effective solutions. CMiC supports our growth through its integrated, paperless solution that allows flexibility in configuration to address the issues that Penick as faced in the past."

Based in San Diego, last year T.B. Penick & Sons achieved the highest earned revenue, greatest profit, strongest backlog and largest number of new contracts in its century old history. With three divisions: General Contracts, Structural Concrete and Innovative Concrete Surfaces, T.B. Penick & Sons found that its current software systems couldn’t keep up with the company’s requirements. "Penick has grown into a national contractor with diverse marketing and operations objectives," said Boyd. "The handling and integrating of data from multi-state, multi-union sources became increasingly problematic with our software system."

After an extensive search of available construction software solutions, T.B. Penick & Sons ultimately selected CMiC, as it was preferred by both Accounting and Project Management personnel. "We are excited about the ability to grow in a real-time, paperless environment and increase productivity by reducing redundant record-keeping, and look forward to providing timelier, more reliable data to decision makers at all levels of the company."

"CMiC is very pleased to have T.B. Penick & Sons join the growing list of companies that have recognized the value of turning data into real time information," said Bassem Hamdy, vice president, Solutions, CMiC. "CMiC Open Enterprise v10 is the most advanced construction software solution ever created, and by integrating financials, project controls and project management into one database, T.B. Penick & Sons will be able to proactively analyze what happens on their projects. T.B. Penick & Sons is an award-winning contractor that has had impressive growth in the last few years, and we look forward to see what new heights the company can achieve with CMiC construction software."

About T.B. Penick & Sons
For more than a century T.B. Penick has provided award-winning construction, structural concrete, design-build and general contracting services in the commercial and public building sectors. T.B. Penick has received numerous accolades, including a first place award in the National Construction Safety Excellence competition as well as recognition for Innovation in Concrete, Cornerstone Excellence, Outstanding Civil Engineering and the Architectural Concrete Project of the Year.

About CMiC
CMiC is the leader in creating the most advanced and technologically open enterprise-wide software solutions for the construction industry for over 35 years. With some of the largest AEC/O organizations in North America as clients, CMiC has unique insight into the business needs of the industry. CMiC Open Enterprise v10 is most advanced construction software solution ever created that lowers costs, improves productivity and increases interoperability.

Contact:
Greg Devine
Phone: 416-736-0123 ext 315
Email: Email Contact



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