Caterpillar Ventures Invests in busybusy™

Caterpillar Ventures Invests in busybusy

Investment to support construction customers with labor management

SAN FRANCISCO, Cal. – Caterpillar Venture Capital Inc., a wholly owned subsidiary of Caterpillar Inc. (NYSE:CAT),  announced today a strategic investment in busybusy™, a software development firm that helps customers optimize operations, specifically addressing real-time tracking of jobsite labor costs. The unique software application developed by busybusy helps drive efficiencies and productivity on customers’ jobsites.

“While we will continue to focus on driving productivity gains from equipment on the jobsite through our technology and services, we know this accounts for only a fraction of the costs our customers are managing,” said Caterpillar's Construction Digital & Technology manager John Carpenter. “By leveraging the software developed by busybusy, we can now be able to offer labor management services for our customers, which we know is one of their most significant variable expenses on the jobsite. This investment is a natural extension of the work we are doing to offer customers a suite of digital offerings to help them be more successful."

busybusy’s technology will be offered to construction customers as a subscription based service, adding to the suite of offerings within Cat Connect.

“Our mobile app automates labor and cost management with the contractor in mind. The real-time information we provide helps construction companies become more efficient, productive and profitable,” said Isaac Barlow, busybusy CEO. “The investment by Caterpillar Ventures will assist in the rapid improvement and expansion of our offerings.”

Cat Connect Technologies and Services include hardware and software designed to improve customer operations, including Cat and non-Cat assets, as well as help customers leverage data generated by their assets to boost business results and strengthen their competitive advantage.

About Caterpillar Ventures

Caterpillar Venture Capital Inc. (Caterpillar Ventures) assists entrepreneurs around the world to grow and scale their businesses to build today for a better tomorrow by leveraging Caterpillar's industry expertise, supply base and independent dealer network. Caterpillar Ventures' focus areas of investment include robotics, energy, advanced materials, and digital solutions that help our customers be successful. Caterpillar Ventures is a wholly owned subsidiary of Caterpillar Inc., the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-­electric locomotives. For more information, visit caterpillar.com/ventures

About busybusy™

busybusy™ automates the process of collecting time cards, photo documentation and tracking labor costs by jobsite. The company’s mission is to provide businesses accurate information on jobsite costs so they can make profitable decisions. busybusy is based in Saint George, Utah and is a leader in software solutions for the construction industry. For more information, visit www.busybusy.com.