Walters Group joins Qnect as a strategic equity partner
This month, Qnect raised a Series A funding round led by strategic partner, Walters Group, a 59-year-old steel fabrication company based in Hamilton, Ontario, Canada. With the Walters partnership, Qnect is setting its goals on becoming the world’s premiere resource for advanced connection engineering.
The industry is ready for change. With the launch of Qnect’s QuickQnect™ steel connection engineering software, steel fabricators are now able to detail 3D models that lead to faster, more accurate, less expensive shop drawings; and therefore, better projects. The over 10X speed improvement opens up possibilities for early BIM coordination, estimating, pricing optimization, and iteration of steel connection designs for engineering efficiency.
“Qnect will make an unforgettable difference in how every stakeholder experiences building with steel in years to come.”
Qnect’s CEO, Jef Sharp is optimistic about the partnership, “This industry is driven by schedule, accuracy and cost efficiency. With sophisticated physics, engineering and software development, we deliver all three. And by combining one of North America’s most respected fabricators with forward thinking software and engineering, Qnect will accelerate implementation to the construction industry both in the U.S and internationally.”
Peter Kranendonk, SVP at Walters Group, agrees. “The partnership will provide great opportunities for input, collaboration and product development strategy that will even further enhance Qnect’s revolutionary service to the structural steel fabrication and design communities. Qnect will make an unforgettable difference in how every stakeholder experiences building with steel in years to come.”