Things were not looking good a few months ago for Fieldlens, the site documentation and project markup tool once referred to as the “Facebook of Construction.” Following its acquisition by real estate and technology start-up WeWork in 2017, Fieldlens stopped seeking new users, as the new owners planned to adapt it into an internal tool. But dwindling prospects for WeWork over the last couple of years led the company to announce in September that it was shutting down the Fieldlens service, leaving the remaining non-WeWork customers in the lurch. But the Fieldlens mobile app has found a second life, as project management and collaboration software maker RedTeam announced in December it has acquired the full Fieldlens technology stack and will continue to operate the service going forward.
“We felt it wouldn’t be right to let this product go away. It’s got value for the marketplace,” says Frederic Guitton, chief strategy officer for RedTeam. “We don’t know [WeWork’s] thinking, but we knew the platform was going to be shut down, so it seemed like a good opportunity to acquire it since it’s a good product and aligned perfectly with what we already have set for RedTeam.”