Tag: BuildOnline

Dec 09 2009

4Projects and profitability

“We’re not always given credit for the consistent profitability we’ve achieved for a business that received no early start-up funding.” I recently met Steve Nelson, finance director of UK construction collaboration technology vendor 4Projects, to learn more about the history of the company, its funding and the 2007 management buy-out (MBO) – the meeting took …

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Permanent link to this article: http://extranetevolution.com/2009/12/4projects-and-profitability/

Nov 17 2009

“A tough year for BIW”

Duncan Mactear of 4Projects has forwarded me an article about [my former employer] BIW Technologies, published recently to subscribers to Megabuyte.com (an “invaluable source of market intelligence for IT companies, their advisers and investors providing in-depth coverage of the corporate and financial affairs of all of the UK’s leading listed and privately owned software & …

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Permanent link to this article: http://extranetevolution.com/2009/11/a-tough-year-for-biw/

Sep 07 2009

Sword CTSpace in recovery mode?

After looking at BuildOnline (UK) Ltd’s 2007 performance recently (see BuildOnline’s UK downward drift), I have been researching the recent performance of the whole Sword CTSpace group (in effect, the combined BuildOnline/Citadon operation acquired by Sword group in December 2007). Poring through the 2008 Annual and Financial Report (pdf) of the Sword Group, I found …

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Permanent link to this article: http://extranetevolution.com/2009/09/sword-ctspace-in-recovery-mode/

Sep 03 2009

BuildOnline’s UK downward drift

Partly out of historical interest, I continue to monitor the company reporting of BuildOnline, a construction collaboration technology vendor which is now part of the French-owned Sword Group, today trading as Sword CTSpace and offering a portfolio of products from former offerings BuildOnline, Citadon and, more recently, Cimage. BuildOnline (UK) Ltd’s Annual Report and Accounts …

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Permanent link to this article: http://extranetevolution.com/2009/09/buildonlines-uk-downward-drift/

Aug 17 2009

I HATE LOSING!

UK construction collaboration technology vendors with long(ish) memories will recall the surge in interest by the major UK water utility companies in using web-based systems to support their Asset Management Programmes (AMPs) during the early 2000s. Former BuildOnline boss Mark Suster, now a venture capitalist in California, tells the story of a defeat clutched from …

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Permanent link to this article: http://extranetevolution.com/2009/08/i-hate-losing/

Jul 27 2009

How boom went bust at the click of a mouse

I’ve chronicled the slide of BuildOnline in a number of blog posts over the past four years (notably Investing in a dot.com/SaaS business: a history), and the losses suffered by the early BO investors have clearly been shared by numerous other Ireland-based start-ups, as this Irish Independent article makes clear. Writer Roisin Burke suggests BO’s …

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Permanent link to this article: http://extranetevolution.com/2009/07/how-boom-went-bust-at-the-click-of-a-mouse/

Jul 10 2009

Collaboration vendors unveil (old) plans for deeper interoperability

Last month, members of the UK-based Network for Construction Collaboration Technology Providers (NCCTP) announced plans to provide greater integration between their different applications (see news release). At the time, I was too busy to write about it, but the topic cropped up briefly in conversation with the Incite guys (post) recently, so I’ve had another …

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Permanent link to this article: http://extranetevolution.com/2009/07/collaboration-vendors-unveil-old-plans-for-deeper-interoperability/

Jul 06 2009

Koenig leaves Sword CTSpace

Howard Koenig has now officially left Sword CTSpace to return to the workforce management software sphere, joining Aruspex, specialists in strategic workforce planning, as CEO (CEN story; word of his departure did, however, creep out prematurely in February). He was head of North American operations for Sword. In the early 2000s, Howard was CEO of …

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Permanent link to this article: http://extranetevolution.com/2009/07/koenig-leaves-sword-ctspace/

Jan 01 2009

Stuart Lander’s new start-up

Last August, I noted that former BuildOnline/CTSpace executive Stuart Lander was involved with a new US-based start-up, PublicSpend, due to launch in late 2008. The date has slipped slightly, but Stuart has been busy blogging about it. PublicSpend will use government contracting data to help small local service businesses win new contracts and grow their …

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Permanent link to this article: http://extranetevolution.com/2009/01/stuart-landers-new-start-up/

Nov 24 2008

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/

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