Nov 21 2014
Aconex’s IPO prospectus delivers a wealth of information, but there are some omissions too. I have been browsing through the IPO Prospectus (sent to me – thanks! – by an Australian contact) published on 17 November to support SaaS construction collaboration vendor Aconex‘s on-off-on-again flotation. The exit of private equity partner Francisco Partners is significant, I think, but …
Permanent link to this article: http://extranetevolution.com/2014/11/aconexs-ipo-prospectus-reviewed/
Nov 20 2014
Aconex’s private equity partner Francisco Partners will exit the business comforted by a US$23.5 million cash compensation payment. The Australian Business Review (see also report by Reuters) underlines one impact of the resurrected Aconex IPO: US private equity firm Francisco Partners will terminate its involvement in the Melbourne-based SaaS construction collaboration technology business, just over six years …
Permanent link to this article: http://extranetevolution.com/2014/11/aconex-ipo-signposts-vc-exit/
Nov 16 2014
Aconex IPO reportedly downsized but back on track for a December 2014 ASX listing. Just a couple of weeks after postponing a planned Au$230m initial public offering (IPO) just 24 hours before it was due to publish its prospectus, Melbourne-based Software-as-a-Software construction collaboration technology vendor Aconex is (according to a report by Sally Rose in The Age; …
Permanent link to this article: http://extranetevolution.com/2014/11/aconex-resurrects-ipo-plans/
Oct 31 2014
The Common Data Environment market just got busier: acquisitive Trimble has wasted no time in launching its cloud-based collaboration platform, Trimble Connect. Some seven weeks after acquiring Gehry Tchnologies, including its GTeam platform, and promising to add it to a DBO software solutions platform (post), US construction technology giant Trimble has launched Trimble Connect, based on GTeam, providing a cloud-based …
Permanent link to this article: http://extranetevolution.com/2014/10/trimble-connect-offers-cloud-based-collaboration/
Oct 30 2014
Aconex has launched a ‘Connected BIM’ product, and a new Digital Manuals capability (but only if you are on Windows). Away from the continuing repercussions of the ‘tepid’ and therefore cancelled or postponed IPO (post), Melbourne, Australia-based Software-as-a-Service construction collaboration technology provider Aconex has launched Aconex Connected BIM, a new product extending the Aconex platform to …
Permanent link to this article: http://extranetevolution.com/2014/10/aconex-upgrades-bim-capabilities/
Oct 27 2014
Just the day before it was due to publish its IPO prospectus, Melbourne-based SaaS construction collaboration technology vendor Aconex is reported to have cancelled the initial public offering planned for November. According to Bridget Carter in The Australian: “… Aconex has cancelled plans for its initial public offering, despite its book build being covered within its …
Permanent link to this article: http://extranetevolution.com/2014/10/breaking-news-aconex-cancels-ipo/
Oct 21 2014
Australia is fertile territory for mobile construction technology businesses. APE Mobile is a Perth, WA-based start-up automating contractors’ paperwork requirements. It’s a familiar story. Experienced construction professional wants to use a mobile device; tests some examples and finds none of them do what he thinks is necessary; decides to develop his own mobile software instead. …
Permanent link to this article: http://extranetevolution.com/2014/10/going-ape/
Oct 13 2014
News reports from Australia (The Australian, for example) say SaaS construction collaboration software business Aconex will float as a public company on the Australian Securities Exchange in late November (see previous post) with a market capitalisation of between Au$351 million and Au$406.5m (£190m-£220m). Joint lead managers Macquarie Capital and UBS priced the float at the …
Permanent link to this article: http://extranetevolution.com/2014/10/aconex-valued-between-350m-and-410m/
Oct 06 2014
Newforma expands its mobile construction plan review capabilities by acquiring SmartUse’s touch-friendly mobile platform. US-based construction project information management software vendor, Newforma, today announced it has acquired SmartUse, a Montreal developer of a touch-friendly mobile platform for construction project collaboration (the value of the deal remains confidential). In the news release, Newforma CEO Ian Howell says: …
Permanent link to this article: http://extranetevolution.com/2014/10/newforma-acquires-smartuse/
Sep 26 2014
Industry rumours suggest Melbourne, Australia-based SaaS construction collaboration technology vendor Aconex may be listed on the Australian Stock Exchange in November, with road shows underway this month (according to The Australian). Talk of a possible IPO first emerged in mid-July (post). Australian publications are suggesting investment banks Macquarie and UBS will take the company to …
Permanent link to this article: http://extranetevolution.com/2014/09/aconex-in-november-ipo/
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