Category: Business/Financial

RBI construction titles for sale?

Reed Business Information has been looking for a buyer recently but the auction process has apparently just been terminated, prompting all sorts of speculation about a possible break-up of the B2B publishing empire – which includes UK construction titles (and associated websites) such as Contract Journal and Estates Gazette, plus operations such as Reed Construction …

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Permanent link to this article: http://extranetevolution.com/2008/12/rbi-construction-titles-for-sale/

Pettifer files for administration

In a painful sign of the times, I read yesterday (Construction News report) that Midlands-based contractor Pettifer Construction has filed for administration. In the late 1990s, I had my own construction marketing and PR consultancy, and Pettifer’s construction management arm, PCM, was a client of mine. The parent group is clearly having a tough time …

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Permanent link to this article: http://extranetevolution.com/2008/11/pettifer-files-for-administration/

Aconex reports…

Australia-based construction collaboration Software-as-a-Service (SaaS) vendor Aconex has published its financial results for the year ending 30 June 2008. As with most annual reports and accounts, there is a lot of dry legal/accounting talk to wade through (thankfully, I am no accountant!), but for me the key points are: Aconex revenues and order book are …

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Permanent link to this article: http://extranetevolution.com/2008/11/aconex-reports/

BuildOnline UK revises past performance

New figures available from the UK regulator, Companies House, show that BuildOnline UK, the UK-based construction collaboration vendor that is now part of CTSpace, waived a substantial debt prior to its 2006 merger with Citadon. It appears BuildOnline also substantially overstated its revenues for four years. However, the business was still operating at a loss …

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Permanent link to this article: http://extranetevolution.com/2008/11/buildonline-uk-revises-past-performance/

Recession and the construction SaaS providers

The R-word has arrived. In his Brickonomics blog, my good friend Brian Green today talks, not for the first time, about “the recession in construction”, which he says “is looking increasingly desperate as the giant commercial sector appears to be heading for a nasty fall”. Earlier this year, like many industry people, I was hopeful …

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Permanent link to this article: http://extranetevolution.com/2008/11/recession-and-the-construction-saas-providers/

Asite non-exec boosts shareholding

Gordon Ashworth, one-time CEO of UK-based Software-as-a-Service (SaaS) collaboration vendor Asite and now a non-executive director, has taken advantage of the company’s low share-price (down to an all-time low of 1.25p recently) to bag a further 156,250 shares at an average price of 1.41 pence. According to today’s London Stock Exchange announcement, he now holds …

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Permanent link to this article: http://extranetevolution.com/2008/10/asite-non-exec-boosts-shareholding-1/

Asite continues ascent

The latest interim results, covering the first six months of 2008, show that UK-based SaaS construction collaboration technology vendor Asite has continued the slow recovery it began last year (see Asite finally returns to growth). Gross revenues were up 29% to £1.067m (2007: £0.830m), and the company also inched closer to breaking-even with losses for …

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Permanent link to this article: http://extranetevolution.com/2008/09/asite-continues-ascent/

Aconex gets private equity injection

The Australian business press (eg: Melbourne’s The Age, Australian IT, MIS Australia, Smart Company Briefing) has been busy reporting news that Australia-based SaaS-based construction collaboration technology vendor Aconex has secured a AU$107.5m (£48.8m) private equity investment (see also Aconex news release and listen to ZDnet Australia podcast). Not since the reckless days of the dot.com …

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Permanent link to this article: http://extranetevolution.com/2008/09/aconex-gets-private-equity-injection/

4Projects to open US and Canada bases

UK SaaS-based construction collaboration technology vendor 4Projects is looking to establish bases in the US and Canada, reports north-east England regional newspaper The Journal. A year after its private equity-backed MBO (see post), marketing director Duncan Mactear says “We have continued to increase revenue, turnover and most importantly for the region, we have increased the …

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Permanent link to this article: http://extranetevolution.com/2008/08/4projects-to-open-us-and-canada-bases/

Steady StoreData?

The latest financial results from Styles & Wood‘s StoreData collaboration technology division are now combined with the group’s StorePlanning division, which makes comparisons with the previous figures (see StoreData stagnating in 2007) more difficult. In 2007, the StorePlanning division achieved revenues (£6.1m) four times greater than StoreData (£1.5m), and returned a profit of £1m compared …

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Permanent link to this article: http://extranetevolution.com/2008/08/steady-storedata/

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