think project! appoints software veteran Peter Prestele to board of directors
Mr Prestele began his professional career 25 years ago with Intergraph, a software provider in the construction and engineering sector. Since then, he has held various sales and general management positions in the software industry, serving as General Manager and European head for a number of companies, including I2 Technologies, Mercury, IBM, HP and SuccessFactors. Over his career, he has gained extensive experience with hypergrowth companies, transformational situations and SaaS business models. Mr Prestele currently is an advisor to a number of private equity firms and serves as a Board Member of several cloud-based software companies across Europe. Mr Prestele earned a master’s degree in mechanical engineering from Munich University of Applied Sciences.
“With the global addressable market for construction collaboration software estimated to be $5.6 billion, and with a current penetration of less than 10%, one of our major goals is to focus on this considerable market potential,” said Thomas Bachmaier, CEO of think project!. “Peter’s extensive and long-term experience in the software industry, both in management and board roles, will provide valuable support for our company as we pursue additional growth. We are confident that Peter will play a critical role, especially when it comes to the further expansion of think project! into international markets, as well as the overall strengthening of our position as a leading SaaS company in construction and engineering.”
Commenting on his appointment, Peter Prestele stated, “I am honoured and thrilled to join think project!, particularly given that construction and engineering is one of the largest industrial segments. Customers in this market are dealing with some of the most complex requirements and must perform multidimensional projects, both locally and globally. think project! has created a unique offering that provides substantial value and helps its customers to fundamentally differentiate themselves in an increasingly competitive marketplace. think project! is leading edge and I am thrilled to support Thomas and his team, and to leverage the opportunity ahead."