Category: Business/Financial

Jan 02 2008

Reviewing 2007

Last year, I made five ‘Extranet Evolution’ 2007 predictions. Were they correct? 1. Growing acceptance and use of web-based collaboration tools within the UK construction industry It was something of a no-brainer. The continued revenue growth trends of the leading UK-based vendors shows there is a strong appetite for the applications. I was also encouraged by the …

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Permanent link to this article: http://extranetevolution.com/2008/01/reviewing-2007/

Jan 02 2008

More on Sword

After a blogging break over Christmas and New Year, I have started 2008 with another quick look at the Sword Group – which announced it had acquired construction collaboration technology vendor CTSpace on 21 December (see previous post). Reviewing the Sword Group’s offerings, it seems CTSpace will augment the parent’s existing enterprise content management (ECM) or document …

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Permanent link to this article: http://extranetevolution.com/2008/01/more-on-sword/

Dec 23 2007

CTSpace put to the Sword

Just 53 weeks after its last major ownership change, SaaS construction collabaration technology vendor CTSpace (the result of a merger between UK-based BuildOnline and US-based Citadon) has been acquired by the international Sword group of IT companies (as far as I can tell, no value for the transaction has been given). The news came in a …

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Permanent link to this article: http://extranetevolution.com/2007/12/ctspace-put-to/

Dec 18 2007

Broken Buildings, Busted Budgets

I wrote earlier this week about online meetings, of which one kind is the webinar. Thanks to Sergio Aranda of e-Builder for sending me a link to a recording of an e-Builder webinar featuring Barry LePatner, a US lawyer and author of Broken Buildings, Busted Budgets. LePatner shares his experiences and insights into what is wrong with …

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Permanent link to this article: http://extranetevolution.com/2007/12/broken-building/

Dec 18 2007

Asite directors invest

A Stock Exchange announcement says Asite CEO Tony Ryan, COO Nathan Doughty and non-executive director (and former CEO) Gordon Ashworth have increased their stakes in the UK construction collaboration technology vendor. Ryan bought 186,577 shares at an average price of 2.38 pence apiece, lifting his stake in the company to 442,156 shares (c 0.43%). Doughty acquired …

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Permanent link to this article: http://extranetevolution.com/2007/12/asite-directors-2/

Dec 12 2007

Aconex results hit by legal row

Some three months ago, I had a look at the 2006 financial results for Australia-based construction collaboration vendor Aconex, noting that its 2007 results would be available in November (as per Aconex marketing chief Frank Carron’s comment). After a slight delay (auditors requested an extension of time as some areas required additional testing), the latest …

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Permanent link to this article: http://extranetevolution.com/2007/12/aconex-results/

Nov 12 2007

4projects boosts profits

UK construction collaboration vendor 4Projects has lodged its annual report and accounts for the year ended 31 March 2007 with Companies House (the figures were also reported by UK trade newspaper Contract Journal). The results relate to the last full financial year before the management buyout of 4Projects Holdings Ltd (see MBO at 4Projects) in July. …

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Permanent link to this article: http://extranetevolution.com/2007/11/4projects-boost/

Oct 18 2007

Synchro secures funding

Following on from my Bricsnet post about fundraising, I see that former Asite CEO Tom Dengenis is in the news again, as CEO of Synchro Ltd, which has just raised £1.2m in a fundraising round led by Catapult Venture Managers. Tweet

Permanent link to this article: http://extranetevolution.com/2007/10/synchro-secures/

Oct 18 2007

Bricsnet raises $13m

US AEC and property solutions vendor Bricsnet has announced that “existing investors have approved implementation of a $13 million capital investment plan” (reports AECcafe.com). According to its news release, Bricsnet intends “to use the funds to enhance product development and services, and to extend its leadership in the growing market for retail, corporate and public sector …

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Permanent link to this article: http://extranetevolution.com/2007/10/bricsnet-raises/

Oct 09 2007

4Projects 2006 results

Keeping my records up-to-date, I checked on the financial results of UK construction collaboration technology vendor 4Projects for the year ending 31 March 2006 at Companies House. It seems I was a little over-optimistic about my April 2007 guess-timate for its performance…. Instead of reaching £2.7m turnover, it managed £2.291m, up 10% from its 2005 …

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Permanent link to this article: http://extranetevolution.com/2007/10/4projects-2006/

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