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Dec 14 2006

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BuildOnline + Citadon = CTSpace

UK collaboration vendor BuildOnline is to merge with US-based vendor Citadon (see news release). The new business will trade as CTSpace.

The move was confirmed late yesterday after several weeks of UK industry rumours (see 14 November BuildOnline and Koral, for example), and a succession of BO management changes over the past year or so, culminating in the departure of one-time North Europe MD Bob Godfrey in September.

The new company’s management team comprises representatives from both BuildOnline and Citadon. Howard Koenig, formerly of Citadon, will be CEO and Mark Suster, formerly BO CEO will be a board director (presumably non-executive due to his full-time role at Koral – see Who’s running BuildOnline UK?). Conveniently for him, the combined company will be based in San Francisco, California with offices in the UK, Germany, France, Austria, India and Dubai.

The release says:

The merged company will continue to support customers using current versions of products from both Citadon and BuildOnline.

“The synergies across our software platform and customer portfolio put the new organisation in a unique position to deliver solutions and services to clients on a global basis, which no other player in this market can do,” said Howard Koenig, CEO of CTSpace. “The current market landscape consists of either small niche players with no global reach to meet client demands, or larger organisations trying to jump on the SaaS bandwagon with complex, feature heavy solutions that are difficult and costly to implement.”

By combining their significant research and development investment, CTSpace will offer clients a standardised software platform that is zero-risk and can be rapidly deployed on a global scale. Customers will be offered extended, global 24/7 customer support, professional services and large-scale implementation expertise.

“Our client list already reads like a who’s who in key vertical industries,” said Mark Suster. “Now combined, we are unrivalled in our ability to provide global collaboration expertise. The track record of the two organisations, in improving communication on the world’s largest and most complex programmes and projects to ensure they are delivered on time and to budget, is outstanding. Culturally we have the same vision for collaboration – to bring it to the world’s largest organisations via the SaaS model”.

This is the second major rationalisation of collaboration vendors in 2006, following the Constructware acquisition by Autodesk back in February. But while the Constructware deal mainly concerned north America, this one reaches across both sides of the Atlantic and spreads across Europe, the Middle East, India and out to the Far East. I will certainly be looking at the implications of the merger in more detail in subsequent posts.

Permanent link to this article: http://extranetevolution.com/2006/12/buildonline_cit/

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  1. Open source v On-demand | Extranet Evolution

    […] believer in Software-as-a-Service (SaaS). Having taken up a non-executive role with CTSpace (see BuildOnline + Citadon = CTSpace) in order to devote his time to running Koral (which has apparently raised $4m funding), […]

  2. Koenig leaves Sword CTSpace | Extranet Evolution

    […] which merged with troubled UK-based construction collaboration technology vendor BuildOnline in December 2006 to form CTSpace (almost the final act in a story of start-ups and mergers that burned its way […]

  3. BuildOnline UK revises past performance | Extranet Evolution

    […] recall, this covers the period (December 2006) during which the company merged with Citadon (see post) to become CTSpace. A year later (December 2007), the combined group was acquired by the Sword […]

  4. CTSpace put to the Sword | Extranet Evolution

    […] 53 weeks after its last major ownership change, SaaS construction collabaration technology vendor CTSpace (the result of a merger between UK-based […]

  5. de Kieviet thinks SharePoint is the future | Extranet Evolution

    […] (ie: Koral) to Salesforce.com (post) – Gert believes it suffered due to dithering among its post-merger leaders as they tried to sort out the future product strategy. Then its second owner Sword […]

  6. Reflections on the 4Projects acquisition | Extranet Evolution

    […] survived several mergers but was eventually rebranded as CTSpace when it merged with Citadon in December 2006, though the product and company names survived a while […]

  7. ‘Extranet Evolution’ 2007 predictions | Extranet Evolution

    […] witnessed two major changes: Autodesk’s acquisition of US rival Constructware, and the merger of BuildOnline and Citadon to form CTSpace. Of the two, the latter had most significance for the UK, indicating that some collaboration […]

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