When the whole life cost director at Balfour Beatty Capital (BBCap) began sharing his frustrations at the lack of affordable software available to provide an intelligent picture of the whole life cost of the multi-million pound infrastructure portfolio he managed, with an experienced software product development engineer – the two stumbled upon an obvious, but unavailable solution.
As Whole Life Cost Director at Balfour Beatty Capital, Ed Bartlett had been part of the management team who had built up a valuable infrastructure investment portfolio worth more than £680m. His team managed the long term or "lifecycle" maintenance for PFI/PPP projects which had amassed lifecycle funds of c£1bn, to cover asset repair and replacement for 20 contracts which included 200 sites for the next 30 years. An impressive portfolio and a complex operational and financial management burden - all managed on Excel Spreadheets.
Ed recognised the risks and the restrictions that arise from using traditional spread sheets, but despite spanning the globe for available software, which would provide greater transparency and accuracy over data, he was only ever presented with options to build hugely expensive bespoke systems.
This was until he met Nick Graham, the then Head of Technology at 4Projects a leading global SaaS business working within the construction sector.Between them they recognised that Ed’s frustrations were by no means unique and anyone tasked with managing the life time costs of major infrastructure programmes or large property portfolios would be facing the same challenges. With Ed’s expertise in lifecycle management and Nick’s ability to build scalable enterprise class software applications, kykloud was created. kykloud is designed specifically for property owners, managers and operators to effectively manage their fixed assets by managing risk and achieving maximum value from their portfolios.
Having successfully secured three rounds of venture capital from Northstar Ventures http://www.northstarventures.co.uk, the product has been developed and tested and is now out in the market.
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