Tag Archive: Aconex

May 08 2017

Procore opens Australia office

A major player in the US construction technology market, Procore is going to take on Aconex in its Australian back yard. California, US-based Procore, a provider of cloud-based construction management software, has opened an office in Sydney, Australia, with experienced construction SaaS veteran Milton Walters appointed vice-president of marketing for the APAC region. Procore says it …

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Permanent link to this article: http://extranetevolution.com/2017/05/procore-opens-australia-office/

Apr 27 2017

Aconex launches Connected Cost

It’s taken nearly two years, but Aconex finally announced the launch of Connected Cost earlier this month, potentially heralding a move into construction payment management. With its July 2015 acquisition of US-based Worksite, a project cost management solution developed at ARES Project Management LLC, the Melbourne, Australia-based construction collaboration vendor Aconex started working towards integration of project cost …

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Permanent link to this article: http://extranetevolution.com/2017/04/aconex-launches-connected-cost/

Mar 23 2017

Aconex shares plunge then plateau

Brexit uncertainty has affected Aconex’s projected growth, with the company’s share price tumbling as a result. It’s been an interesting couple of months for the Melbourne, Australia-based SaaS construction collaboration vendor Aconex. At the end of January, the company provided a half-year trading update and 2017 financial year forecast; there were changes to the executive team, …

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Permanent link to this article: http://extranetevolution.com/2017/03/aconex/

Mar 17 2017

Asite profit jumps 31%

SaaS collaboration vendor Asite grew its 2016 revenues 14% to just over £6m. London, UK-based SaaS construction collaboration technology vendor Asite has this week filed its annual report and accounts for the year ending 30 June 2016 with Companies House. The report shows revenues up 14.3% to £6.047m (2015: £5.289m) – at today’s rates, that’s around …

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Permanent link to this article: http://extranetevolution.com/2017/03/asite-profit-jumps-31/

Feb 08 2017

think project! attracts new investment

In January 2017, TA As­so­ci­ates, a lead­ing global growth pri­vate eq­uity firm, an­nounced it has com­pleted an in­vest­ment in Munich, Germany-based think project!, a provider of cross-en­ter­prise col­lab­o­ra­tion and in­for­ma­tion man­age­ment soft­ware to the con­struc­tion and en­gi­neer­ing in­dus­tries. Fi­nan­cial terms of the trans­ac­tion were (unfortunately) not dis­closed. J. Mor­gan Sei­gler, a man­ag­ing di­rec­tor at TA …

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Permanent link to this article: http://extranetevolution.com/2017/02/think-project-attracts-new-investment/

Dec 16 2016

SaaS collaboration and cyber-security

December 2016’s ThinkBIM in Leeds provided an occasionally frightening view of just how vulnerable the built environment might be to cyber attack. It also highlighted how SaaS collaboration platforms might also help teams apply more rigorous security processes. In May 2015, PAS1192-5 – “Specification for security-minded building information modelling, digital built environments and smart asset …

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Permanent link to this article: http://extranetevolution.com/2016/12/saas-collaboration-and-cyber-security/

Dec 15 2016

South Africa lagging in AEC SaaS use?

I have written occasional pieces for South Africa’s Construction Software & IT: A Journal for Digital Construction Solutions (post), which is edited by Vaughan Harris (also associated with the Cape Town-based BIM Institute). He has forwarded a link to some survey results relating to technology and building information modelling (BIM) adoption in the region. The article – …

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Permanent link to this article: http://extranetevolution.com/2016/12/south-africa-lagging-in-aec-saas-use/

Oct 31 2016

Conject UK grew 12% in 2015

Following the parent group’s March 2016 acquisition by Aconex, I overlooked the July 2016 publication of Conject UK‘s financial results for the year ending 31 December 2015. These show the Woking, Surrey-based business grew revenues by 12% from 2014‘s £5.696m to £6.385m (c US$9.48m or €8.71m at 2015 rates), and also increased profitability, returning a …

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Permanent link to this article: http://extranetevolution.com/2016/10/conject-uk-grew-12-in-2015/

Oct 28 2016

Aconex forecasts 39% growth

Melbourne, Australia-based SaaS construction collaboration vendor, Aconex, provided a trading update covering the quarter ending 30 September 2016 on Monday (25 October announcement). Gross cash receipts totalling Au$41.8 million (US$31.65m, £26.1m or €29.01m), showing an increase of 44% from the first quarter last year (clearly boosted by now including Conject revenues). Net operating cash flow …

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Permanent link to this article: http://extranetevolution.com/2016/10/aconex-forecasts-39-growth/

Oct 25 2016

Viewpoint UK revenues up 48% in 2015

2015 was a bumper year for Viewpoint‘s EMEA-based collaboration business, with revenues up 48% and a return to operational profitability. According to accounts filed at UK Companies House, total revenue for the year to 31 December 2015 was £11.457m (about US$16.84m or €15.58m at 2015 exchange rates) up from £7.717m in 2014 (post). Positive trends …

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Permanent link to this article: http://extranetevolution.com/2016/10/viewpoint-uk-revenues-up-48-in-2015/

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