Prophix Named a 2021 “Top Construction Technology Firm” by Construction Executive Magazine

MISSISSAUGA, ONTARIO – Prophix Software, a global leader in Corporate Performance Management (CPM) software, today announced it was named as one of Construction Executive Magazine’s Top Construction Technology Firms for its contributions to innovating the construction industry through advanced technology.

“The construction industry has traditionally navigated market volatility, but with the additional disruptions of project delays and postponements brought on by the pandemic, construction leaders realized the importance of having flexibility to make on-the-fly adjustments to budgeting and forecasting,” said Alok Ajmera, president and CEO of Prophix. “Through cloud-based corporate performance management (CPM) software, including AI and machine learning capabilities, construction executives can leverage actionable insights from real-time data to drive business performance and minimize risk. These capabilities will position them for success in the months and years ahead.”

The construction vertical continues to be a key market for Prophix, which has experienced a 150% increase in customers year-over-year as more organizations adopt Prophix to manage vital finance operations in the cloud and gain competitive advantage.

Premiering in the September issue, Construction Executive’s 2021 Top Technology Firms features the leading technology solution providers that have helped construction companies navigate the COVID-19 pandemic, streamline business practices, improve productivity and safety, and increase profitability, paving the way for construction to become synonymous with technology.

This honor from Construction Executive Magazine is a further proof point of Prophix’s continued business momentum.  In addition to the Construction Executive honor, Prophix was also recently named an “Overall Experience and Credibility Leader” by the Dresner Wisdom of Crowds Study, CEO Ajmera was named a “Top 50 SaaS CEO of 2021” by The Software Report, and the company was named a CPM leader by G2 Customer Reviews. This is in addition to Prophix’s recently released Q2 results, which demonstrated exceptional growth.