Tag: project cost control

Dec 17 2017

Oracle set to buy Aconex

By Paul Wilkinson in AEC, Business/Financial, Collaboration, Extranet/CDE, Functionality, SaaS, Vendors
17 December 2017

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 …

Aconex, acquisition, AEC, architecture, Australia, collaboration, Construction, Deloitte, Engineering, Oracle, Primavera, project cost control, SaaS, Software-as-a-Service, Textura, US

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

Jul 15 2015

Aconex acquires Worksite

By Paul Wilkinson in AEC, Business/Financial, Collaboration, Functionality, People issues, SaaS, Vendors
15 July 2015

Acquiring a SaaS project cost management platform gives Aconex a potential leadership position when customers want both cloud collaboration and project cost control. Melbourne, Australia-based SaaS collaboration technology provider Aconex has announced an agreement to acquire Worksite, provider of a SaaS project cost management solution, for approximately Au$6.5m, (c £3.1m or US$4.8m) from ARES Project Management LLC. …