Category: Business/Financial

Lower cost of ownership driving SaaS adoption

Thanks to an email from Rishi Seth at Springboard Research, I have learned that decision-makers from small, medium and large enterprises across Australia and New Zealand (ANZ) have described lower cost of ownership as the most significant reason for adopting Software-as-a-Service (SaaS), ahead of other factors such as ease of use and management (see news …

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Permanent link to this article: http://extranetevolution.com/2008/12/lower-cost-of-ownership-driving-saas-adoption/

Aconex (UK) Ltd – 2007 update

A Companies House filing of report and accounts for Aconex (UK) Ltd, the UK arm of Australia-based construction collaboration technology vendor Aconex, showed that it had a turnover in the year ending 30 June 2007 of £588,035 (up from the previous year’s £325,391). It made a small pre-tax loss of £12,383 – a big improvement …

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Permanent link to this article: http://extranetevolution.com/2008/12/aconex-uk-ltd-2007-update/

BIW grows 27% to September 2008

UK-based construction collaboration software-as-a-service (SaaS) technology vendor BIW Technologies [my employer] grew its turnover 27% to £7.3 million in the year to 30 September 2008, it announced yesterday, with profits more than doubling to £1.1 million; the value of unrecognised revenues in the order book was up to £12.77 million (see news release). On both …

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Permanent link to this article: http://extranetevolution.com/2008/12/biw-grows-27-to-september-2008/

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/

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