Tag Archive: profitability

Feb 17 2011

Accounting for Aconex

The recent boardroom bickering at Melbourne, Australia-based construction collaboration technology vendor Aconex prompted me to take a look at its recent financial performance, just in case there were financially-inspired reasons behind the apparent shareholder unrest. While the pre-credit crunch double-digit growth figures are no longer being achieved, it appears the international spread of Aconex’s operations …

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Permanent link to this article: http://extranetevolution.com/2011/02/accounting-for-aconex/

Nov 01 2010

Business steady at Sword CTSpace?

Monitoring the construction collaboration technology businesses formerly known as Buildonline and Citadon since the combined CTSpace operation was acquired by France-based Sword Group SA in late 2007 (post) is not easy, particularly when companies get merged with other, unrelated operations. From a close reading of various annual reports and some company feedback, I believe the …

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Permanent link to this article: http://extranetevolution.com/2010/11/business-steady-at-sword-ctspace/

Jan 14 2010

Asite reaches profitability

It’s taken a while, around nine years in fact, but UK construction collaboration technology vendor Asite has finally reached profitability. According to unaudited figures in a trading statement released on its website today, the London-based company had gross revenues of £2.079m in 2009 (up 10% from £1.89m in 2008), and partly by driving down operating …

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Permanent link to this article: http://extranetevolution.com/2010/01/asite-reaches-profitability/

Jan 11 2010

BIW – Battered in Woking

I see (thanks to a post by Nathan Doughty – to which I will respond in a separate post) that the latest annual reports and accounts have been filed at Companies House by Woking, Surrey-based BIW Technologies Ltd [my former employer*] and its newly-formed parent company, BIW Technologies Group Ltd. Both underline what I have …

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Permanent link to this article: http://extranetevolution.com/2010/01/biw-battered-in-woking/

Jan 07 2010

Show us the numbers, Cadac

I have railed before (Give us the figures, Cadweb!) about construction collaboration technology vendors trumpeting how much their business has grown without actually giving us any figures to substantiate their hype. Latest offender is Netherlands-based Cadac who developed Organice, a document management solution based on Microsoft’s SharePoint system (see post). A Cadac Organice BV news …

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Permanent link to this article: http://extranetevolution.com/2010/01/show-us-the-numbers-cadac/

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/

Jan 13 2009

Give us the figures, Cadweb!

UK construction collaboration technology vendor Cadweb has published a website news release about its financial performance in 2008 that tries to give a positive outlook without any figures to flesh out the claims. Cadweb says it had “very strong growth in turnover and profits” last year. Turnover was apparently up 21% from 2007, while profitability …

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Permanent link to this article: http://extranetevolution.com/2009/01/give-us-the-figures-cadweb/