According to its latest press release, CTSpace has raised $5.3m (about £2.7m) funding in a financing round led by previous investors Insight Venture Partners and GRP Partners. The funding will apparently be used by this “leading independent collaboration on-demand company”* to “extend its leadership position” by expanding “key areas of its business including sales, marketing and international operations” …
Tag: BuildOnline
Permanent link to this article: http://extranetevolution.com/2006/12/ctspace_raises_/
Dec 18 2006
CTSpace: initial redundancies
According to a Growth Business article by Marc Barber, the merger of BuildOnline and Citadon to create CTSpace (see previous posts from here), will result in some redundancies. CEO Howard Koenig apparently “expects high-growth opportunities given the company now has a presence in Europe, North America and Asia-Pacific”, and “acknowledges initial ‘redundant costs’ will hit as the company, …
Permanent link to this article: http://extranetevolution.com/2006/12/ctspace_initial/
Dec 15 2006
CTSpace dissected further
Following on from yesterday’s post (CTSpace dissected), the Citadon/BuildOnline merger to form CTSpace has continued to occupy my thoughts. In today’s post, I point out that the merger marks yet another consolidation of the extranet space since the start of the 21st century, have a quick look at what the combined business is offering post-merger, discuss …
Permanent link to this article: http://extranetevolution.com/2006/12/ctspace_dissect_2/
Dec 14 2006
CTSpace dissected
Yesterday’s announcement of a merger of BuildOnline and Citadon to form CTSpace (see earlier post) presents a positive view of the past history of the two firms, so it is worth analysing some of the background. Let’s start with BuildOnline. BuildOnline backstory BuildOnline was actually originally founded in Ireland and set out to become an e-marketplace …
Permanent link to this article: http://extranetevolution.com/2006/12/ctspace_dissect/
Dec 14 2006
BuildOnline + Citadon = CTSpace
UK collaboration vendor BuildOnline is to merge with US-based vendor Citadon (see news release). The new business will trade as CTSpace. The move was confirmed late yesterday after several weeks of UK industry rumours (see 14 November BuildOnline and Koral, for example), and a succession of BO management changes over the past year or so, culminating in the …
Permanent link to this article: http://extranetevolution.com/2006/12/buildonline_cit/
Dec 04 2006
BuildOnline “has merged with a US player”
At PodTech, there is a podcast of former BuildOnline CEO Mark Suster (see previous post) talking about Koral and his “past life” at BO. However, Robert Scoble, the interviewer, corrects himself to say BO “is still your present life as you’re on the board of directors,” to which Suster responds: “that’s true” (interpretation: Suster is …
Permanent link to this article: http://extranetevolution.com/2006/12/buildonline_has/
Nov 24 2006
Construction Computing Show 2006
I have just spent two days at the Construction Computing Show at London’s Barbican Centre. BIW took a stand this year, taking advantage of an arrangement between the organisers and the IT Construction Forum whereby ITCF IT Partners could get space at a special rate. I also presented an ITCF seminar each day entitled The Extranet …
Permanent link to this article: http://extranetevolution.com/2006/11/construction_co-2/
Nov 14 2006
BuildOnline and Koral
BuildOnline CEO Mark Suster is running two companies. As well as running the UK-based construction collaboration vendor, Suster is also CEO of California-based Koral. This is an interesting development on two or three levels: first, Koral itself seems an interesting business with a strong Web2.0 content collaboration product; second, I wonder whether this will have an …
Permanent link to this article: http://extranetevolution.com/2006/11/buildonline_and_1/
Nov 08 2006
BIW’s growth continues – but what about the others?
The latest news release from UK construction collaboration vendor BIW Technologies says it has just completed its sixth straight year of growth. Turnover in 2006 (year ending 30 September) reached £4.6m – up from just over £4m in 2005. BIW has always been very open about its performance, regularly publishing news releases, but some of its UK competitors are more …
Permanent link to this article: http://extranetevolution.com/2006/11/biws_growth_con/
Oct 06 2006
Construction Computing Awards 2006
Nominations closed for the Construction Computing Awards (see previous post) on 15 September and voting on the final shortlists has now commenced. UK collaboration vendors are well represented among the finalists: 4Projects and BuildOnline both feature in three categories, as do Sarcophagus (two related to its collaboration system, the other for Etenderer). BIW Technologies features in five …
Permanent link to this article: http://extranetevolution.com/2006/10/construction_co-3/
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