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 …
Tag: Asite
Permanent link to this article: http://extranetevolution.com/2008/11/buildonline-uk-revises-past-performance/
Nov 04 2008
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 …
Permanent link to this article: http://extranetevolution.com/2008/11/recession-and-the-construction-saas-providers/
Oct 13 2008
The new ‘extranet’ battleground
In the past couple of months, there has been a sudden explosion in the number of construction collaboration vendors offering process management solutions. On 21 August, Aconex announced “a major upgrade to its Workflows module, which supports advanced document management in large or complex project environments”. The features apparently include “a wizard that allows users …
Permanent link to this article: http://extranetevolution.com/2008/10/the-new-extranet-battleground/
Oct 03 2008
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 …
Permanent link to this article: http://extranetevolution.com/2008/10/asite-non-exec-boosts-shareholding-1/
Permanent link to this article: http://extranetevolution.com/2008/09/asite-continues-ascent/
Aug 27 2008
Asite teams up with OpSource
A news release today from US-based web hosting business OpSource says it has agreed a strategic partnership with UK collaboration services provider Asite Solutions. Ignoring the hyperbole,* it appears OpSource On-Demand will now provide Asite’s hosting regime (OpSource has data centres in Virginia, London and Bangalore – London-based Asite also has an office in India). …
Permanent link to this article: http://extranetevolution.com/2008/08/asite-teams-up-with-opsource/
Aug 20 2008
Union Square Workspace reviewed
Union Square Software’s Workspace solution has been reviewed by Bloor Research‘s Simon Holloway in an article, Collaboration for Construction with Union Square Software, on IT-Director.com. Three points struck me as I read the analysis. First, a minor point, but Simon writes: “After years of being slow to change, the construction industry has finally started to …
Permanent link to this article: http://extranetevolution.com/2008/08/union-square-workspace-reviewed/
Jul 23 2008
More Asite director share buys
Just about the only significant dealings in construction collaboration vendor Asite shares these days appear to involve the company’s directors. Less than a fortnight after a couple of non-executive directors bought shares, yesterday it was announced that MD Tony Ryan and COO Nathan Doughty had increased their shareholdings. Tony purchased 146,260 shares at an average …
Permanent link to this article: http://extranetevolution.com/2008/07/more-asite-director-share-buys/
Jul 16 2008
A SaaS CEO’s perspective
I noted last month (see Valuing SaaS businesses) that a couple of UK construction collaboration technology providers were speaking at the SIIA OnDemand Europe conference in Amsterdam, alongside representatives from Adaptive Planning and Huddle.net. If you’ve got the stamina, you can view a 38-minute video of one of the sessions here; here’s a few points …
Permanent link to this article: http://extranetevolution.com/2008/07/a-saas-ceos-perspective/
Jul 14 2008
4Projects turnover up a third
According to a Contract Journal article, 4Projects enjoys surge in demand for IT software, the UK-based construction collaboration technology provider 4Projects lifted its turnover by more than a third to £4.4m (up from £3.218m) in the 12 months to 31 March 2008, generating a pre-tax profit of £1.145m (up from £0.553m), representing a margin of …
Permanent link to this article: http://extranetevolution.com/2008/07/4projects-turnover-up-a-third/
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