Tag: Melbourne

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/

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/

Jul 16 2015

4Projects facing Au$9m reseller claim

The UK-based SaaS construction collaboration technology vendor 4Projects, now owned by Viewpoint, is was being sued in the Australian courts by Melbourne-based Project Collaboration, once the exclusive reseller of the 4Projects platform in Australasia. According to a statement of claim filed in the County Court of Victoria,* Project Collaboration Pty Ltd is was suing 4Projects Ltd for breach of …

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Permanent link to this article: http://extranetevolution.com/2015/07/4projects-facing-au9m-claim/

Nov 16 2014

Aconex resurrects IPO plans

Aconex IPO reportedly downsized but back on track for a December 2014 ASX listing. Just a couple of weeks after postponing a planned Au$230m initial public offering (IPO) just 24 hours before it was due to publish its prospectus, Melbourne-based Software-as-a-Software construction collaboration technology vendor Aconex is (according to a report by Sally Rose in The Age; …

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Permanent link to this article: http://extranetevolution.com/2014/11/aconex-resurrects-ipo-plans/

Oct 27 2014

Breaking news: Aconex cancels IPO

Just the day before it was due to publish its IPO prospectus, Melbourne-based SaaS construction collaboration technology vendor Aconex is reported to have cancelled the initial public offering planned for November. According to Bridget Carter in The Australian: “… Aconex has cancelled plans for its initial public offering, despite its book build being covered within its …

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Permanent link to this article: http://extranetevolution.com/2014/10/breaking-news-aconex-cancels-ipo/

Oct 21 2014

Aconex raises size of IPO

The Australian reports that Melbourne-based SaaS construction collaboration software company Aconex has boosted the size of its raising for its upcoming IPO on the back of strong investor demand. Aconex previously said its plans were to raise between Au$120m and $150m. But it will now raise between $232m and $264m. The company is expected to have a …

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Permanent link to this article: http://extranetevolution.com/2014/10/aconex-raises-size-of-ipo/

Jul 22 2014

New chairman at Aconex

Adam Lewis (Aconex chair 2014)

Aconex, the Melbourne, Australia-based SaaS construction collaboration technology provider, has appointed a new chairman. Simon Yencken, who succeeded the then embattled Martin Hosking in June 2011, has stepped down (but will remain a director) and Adam Lewis (right), a non-executive director since November 2011, is the new chairman. Today’s boardroom reshuffle announcement has also seen Keith Geeslin, a …

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Permanent link to this article: http://extranetevolution.com/2014/07/new-chairman-at-aconex/

Jul 03 2014

EstimateOne to expand beyond Australasian e-tendering

Andrew Ritchie

Streamlining complex construction procurement in Australia could be platform for growth into other markets, EstimateOne’s founders believe. I have been writing about web-based tendering solutions for the construction industry for around 10 years, watching what has been a slow and still somewhat gradual expansion. By 2005, my then employer, BIW Technologies (now Conject) had launched an e-tendering solution that …

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Permanent link to this article: http://extranetevolution.com/2014/07/estimateone-to-expand-beyond-australasian-e-tendering/

Jun 06 2014

Asia-Pacific hosting for Viewpoint for Collaboration

Viewpoint Construction Software has taken another step to service Australasian customers using its Viewpoint for Project Collaboration Software-as-a-Service platform (formerly 4Projects), opening a new data centre in Australia. The news release says this centre will “provide Viewpoint’s Asia-Pacific project collaboration customers improved performance as well as additional flexibility on their data hosting options.” Having established a US …

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Permanent link to this article: http://extranetevolution.com/2014/06/asia-pacific-hosting-for-viewpoint-for-collaboration/

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