Tag: shareholder

Sep 09 2009

BIW undertakes recapitalisation

One of the UK’s leading providers of Software-as-a-Service construction collaboration applications, BIW Technologies, last week announced that it has successfully completed a recapitalisation deal backed by its largest shareholder, NovaVest Fund 1 LP (advised by Tempo Capital Partners LLP). Around £3.5m in outstanding corporate debt has been settled and around £300,000 of new working capital …

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Permanent link to this article: http://extranetevolution.com/2009/09/biw-undertakes-recapitalisation/

Mar 27 2008

Aconex twist = non-event

Further to my recent post about reopened legal proceedings involving Australian-based collaboration technology vendor Aconex and its two joint MDs, it seems that last week’s hearing was a bit of a non-event. After the hearing on 19 March, the Notice of Motion filed by Aconex shareholder Hawthorn Glen on 27 February 2008 was dismissed, but any decision on costs relating to …

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Permanent link to this article: http://extranetevolution.com/2008/03/aconex-shares-1/

Mar 19 2008

Asite signs deal with Laing O’Rourke (yawn)

A London Stock Exchange announcement says UK construction collaboration technology vendor Asite has “entered into a three year agreement with Laing O’Rourke based on Asite’s new user-based licensing model”. The announcement talks about how Laing O’Rourke has been using Asite since 2004 and how it will use Asite to manage sourcing, collaboration, and electronic trading processes. Given that …

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Permanent link to this article: http://extranetevolution.com/2008/03/asite-signs-dea/