MANCHESTER, NH -- (Marketwired) -- Mar 04, 2015 -- Newforma, Inc. today announced it is spinning off Newforma Project Analyzer to a new and independent company formed to focus on architecture and engineering project financial and resource management. ProjectInsight.io was co-founded by Tom Vandervort, former director of product management at Newforma, and JJ Brantingham, former chief information officer and partner at Sebesta Blomberg, a full-service engineering and design services company.

Newforma Project Analyzer, renamed simply "Project Analyzer," will be the first of a portfolio of products from ProjectInsight.io to initiate planning, financial management and staffing resource allocation for projects. Customers will benefit by working with a company totally focused on improving project performance analytics that support better decision making by project managers and firm executives. ProjectInsight.io is taking over Project Analyzer's development, as well as its sales, marketing, support and services.

Newforma Chief Executive Officer Ian Howell said, "Transitioning Project Analyzer to ProjectInsight.io means customers will benefit greatly from a team of experts focused solely on enhancing that critical product's capabilities. We could think of no one better to lead that team than Tom Vandervort, who has led product management teams at both Newforma and Deltek for the last ten years, and JJ Brantingham, with his deep expertise in the information technology needs of architectural and engineering practices."

Customers applaud the move

Tim Nicoulin, chief financial officer of Wantman Group, Inc., a multidisciplinary engineering firm, has used Project Analyzer for years. "Project Analyzer has helped us to more effectively plan and forecast our business as we have grown rapidly over the past few years. We appreciate that Newforma developed the product to the robust stage it is now, and we look forward to even more in the future with ProjectInsight.io."

Vandervort said, "Over the past few years, Project Analyzer has enabled leading architects and engineering firms to more effectively plan and execute projects. As ProjectInsight.io, we are now are now in a position to build on and grow that success. I am excited about the future for ProjectInsight.io, Newforma, and our mutual customers."

About ProjectInsight.io
ProjectInsight.io provides architecture and engineering firms with software to manage financial and resource information in a way that's attuned to the needs of architects and engineers -- with graphical displays of data and an orientation around projects. Whether providing insights into projects or the firm as a whole, the company's powerful visual analytics and project portfolio management tools drive business success.

About Newforma
Newforma provides technology solutions to enable owners, designers, builders and the extended construction team to collaborate, speed decisions, and manage information for more predictable and successful projects. The company's mobile, cloud and desktop applications have saved design and construction dollars on more than 1.6 million projects, and helped teams exceed expectations for budget, schedule, performance and quality. For more, visit www.newforma.com or +1-603-625-6212.

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