- BuildNet announced that it, along with six of its subsidiaries, filed a petition for relief under Chapter 11 of the Bankruptcy Code. The petition comes after Golden, Colo.-based HomeSphere rescinded its offer to merge with the firm on June 20 because BuildNet failed to reach agreement with its creditors. BuildNet's wholly owned subsidiary, NxTrend, was not included in the filing.
- ImproveNet reported a pro forma operating loss of $5.5 million, or 31 cents loss per share, for the second quarter of 2001. Losses of $1.02 per share were reported for the same period last year. Total net revenues increased 36% to $2.2 million, compared to a 9% increase in the second quarter of 2000.
- Honeywell upgraded its PC-based Savings Estimator Software with a simplified method of determining estimated savings for control strategies.
- TradePower announced the latest release of its estimating software for contractors, Estimation 7.0, and its purchasing and materials management software for contractors, PowerPRO 7.0. The new releases provide complete software integration capabilities for real-time transactions with suppliers through the TradePower online exchange.
- Arsenault Associates released version 3.0 of Dossier32, its vehicle fleet maintenance software. The new version includes automated warranty tracking and runs on PCs or through the Internet. A live demo is available at www.truckfleet.com.