Tag: Australia

Apr 24 2018

Trimble acquires Viewpoint for $1.2bn

Latest SaaS space consolidation gives Trimble a stronger European presence as it looks to compete with Oracle, Autodesk, Bentley (and others) in the construction collaboration sector. US-based Trimble announced yesterday (23 April 2018) that it is to acquire privately-held Portland, Oregon-based construction ERP and SaaS collaboration vendor Viewpoint from Bain Capital in an all-cash transaction valued …

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Permanent link to this article: http://extranetevolution.com/2018/04/trimble-acquires-viewpoint-for-1-2bn/

Mar 21 2018

Asite’s aMessage in Adoddle

London-based SaaS construction collaboration technology provider Asite has once again used St Patrick’s Day partying as an excuse to launch a new version of its Adoddle platform. Adoddle 17 was released on 17 March 2014 at a user group conference and ‘Hooley’ held at London’s Shoreditch Town Hall; four years later in 2018, the company …

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Permanent link to this article: http://extranetevolution.com/2018/03/asites-amessage-in-adoddle/

Mar 19 2018

QA Teambinder acquired by InEight

Jake Macholtz

Another Melbourne, Australia-based construction software business has been acquired by an American corporation. Less than a week after the final formalities of Oracle’s purchase of Aconex, QA Software , developer of Teambinder, has been snapped up (for an unspecified amount) by Scottsdale, Arizona-based US construction project management provider InEight (read new release). InEight (a subsidiary of …

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Permanent link to this article: http://extranetevolution.com/2018/03/qa-teambinder-acquired-by-ineight/

Mar 14 2018

Aconex shareholders agree US$1.2bn Oracle deal

Melbourne, Australia-based SaaS construction collaboration technology vendor Aconex today (14 March 2018) announced that shareholders have voted in favour of the proposed acquisition of Aconex by Oracle Corporation (through its wholly owned subsidiary Vantive Australia Pty Ltd). The December 2017 bid, which was recommended by directors, was for Au$7.80 (Au$5.96) per share in cash, a deal valuing Aconex at …

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Permanent link to this article: http://extranetevolution.com/2018/03/aconex-shareholders-agree-us1-2m-oracle-deal/

Feb 20 2018

Aconex delivers ‘solid’ first half growth

Melbourne, Australia-based SaaS construction collaboration technology provider Aconex has had what it describes as a ‘solid’ half-year performance. The company has announced its results for the six months to 31 December 2017, showing revenues growing 13% to A$86.9m – c. £49.1m or US$68.6m or €55.6m – compared to A$77m for the corresponding period in 2016. Aconex …

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Permanent link to this article: http://extranetevolution.com/2018/02/aconex-delivers-solid-first-half-growth/

Dec 18 2017

Oracle to buy Aconex – reaction

Aconex share price to 18Dec2017

Admiration, apprehension, concern, excitement – SaaS construction collaboration vendors react to Oracle’s pitch to buy Aconex. Market reaction to Oracle’s Aconex acquisition announcement yesterday saw a predictable leap in Aconex’s share price on the Australian Securities Exchange. From Friday’s close of A$5.29, Aconex shares rocketed 44% to close at A$7.63 (just below Oracle’s offer price), …

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Permanent link to this article: http://extranetevolution.com/2017/12/oracle-to-buy-aconex-reaction/

Dec 17 2017

Oracle set to buy Aconex

US-based IT giant Oracle has announced it has offered to buy Melbourne, Australia-based Software-as-a-Service construction collaboration technology vendor Aconex, for Au$7.80 (Au$5.96) per share in cash, a deal valuing Aconex at approximately US$1.2 billion (c. Au$1.6bn, £0.9bn or €1.0bn). Project cost control The pre-internet giant has spent billions to compete in the cloud computing era – and this deal …

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Permanent link to this article: http://extranetevolution.com/2017/12/oracle-set-to-buy-aconex/

Nov 30 2017

Ape Mobile expands internationally

Kevin Reece (APE Mobile)

Australian startup APE Mobile is spreading its wings internationally, looking to grow a US-based sales team and maybe add a London office in the future. At Digital Construction Week in London in October, I met up with several businesses I had previously written about – one was APE Mobile, a Perth, Australia-based company I first …

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Permanent link to this article: http://extranetevolution.com/2017/11/ape-mobile-expands-internationally/

Nov 24 2017

Connected Cost – Aconex’s game-changer?

Guy Barlow, Aconex

Guy Barlow, global commercial director for Connected Cost at Aconex, was speaking at the Project Controls Expo in London last week (16 November 2017). I talked to him before his presentation (on the world’s emerging ‘Giga projects’). Just over six months ago, Melbourne, Australia-based SaaS construction collaboration vendor Aconex finally publicly launched its Connected Cost solution, …

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Permanent link to this article: http://extranetevolution.com/2017/11/connected-cost-aconexs-game-changer/

Nov 10 2017

Aconex promotes from within

Tim Olshansky (Aconex CTO)

Melbourne, Australia-based SaaS construction collaboration technology vendor Aconex has announced the promotion of two employees to its executive team. Tim Olshansky has been appointed chief technology officer. He was most recently head of engineering, Americas, at Aconex. Previously he founded Worksite, provider of a SaaS project cost management solution that was acquired by Aconex in July …

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Permanent link to this article: http://extranetevolution.com/2017/11/aconex-promotes-from-within/

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