#USA #Newforma #Peter Cannone #SaaS Business #Manchester, NH

Peter Cannone Joins Newforma as Chief Executive Officer

Effective April 24, 2025, Peter Cannone is set to take over as Chief Executive Officer (CEO) of Newforma, a major player in Project and Information Management software for the architecture, engineering, construction, and owner (AECO) industries. His appointment marks a significant step in Newforma's journey toward global expansion and innovation in the construction sector.

Cannone joins Newforma with an impressive track record of driving growth in Software as a Service (SaaS) and cloud-based businesses. His previous roles in companies such as DemandScience, ThriveHive/New Media, and OnForce have equipped him with the necessary expertise to lead Newforma into its next chapter. According to Kevin Murray, the interim CEO, Cannone’s leadership is anticipated to bring a bold new direction for the company, as it faces various challenges like labor shortages, increasing costs, and complex project demands.

In the current landscape, Newforma is already making strides, powering over 16 million projects worldwide. The company enables teams to manage massive amounts of project data effectively, driving down rework by up to 40% and enhancing construction efficiency by approximately 30%. With Cannone at the helm, Newforma aims to scale its SaaS platform further, delivering unprecedented value to its clients.

Peter Cannone expressed enthusiasm about the untapped potential in the construction landscape, stating that construction teams are overwhelmed with terabytes of data that often remain unused or fragmented. He pointed out that Newforma addresses this issue by connecting users with critical information exactly when it's needed, reaffirming his commitment to leading the company toward empowering clients who seek to navigate changes in their operations efficiently.

Under Cannone's vision, Newforma's initiatives are expected to revolutionize how design and construction teams manage data, aligning with the crucial need for integration, collaboration, and improved workflows. He emphasized that efficiency and collaborative efforts are more vital than ever in transforming how projects are delivered in today’s complex environment.

About Newforma

Newforma has established itself as a leader in project and information management specifically crafted for the AECO industry. With a history spanning two decades, Newforma has empowered professionals to maximize productivity by connecting them to essential project information across over 16.3 million projects globally. Their innovative solutions—offered both on-premise and via cloud hosting—ensure effective knowledge transfer, facilitating clarity and collaboration while enhancing overall productivity and profitability. With a user base of over 4.5 million in 1,500 firms, Newforma continues to transform project management practices, making vital project records easily accessible and saving valuable time.

As Peter Cannone steps into this crucial role, the industry watches closely as he leads Newforma into a promising future with a clear focus on innovation and the effective management of project data.