Tag: Textura

Dec 18 2017

Oracle to buy Aconex – reaction

Aconex share price to 18Dec2017

Admiration, apprehension, concern, excitement – SaaS construction collaboration vendors react to Oracle’s pitch to buy Aconex. Market reaction to Oracle’s Aconex acquisition announcement yesterday saw a predictable leap in Aconex’s share price on the Australian Securities Exchange. From Friday’s close of A$5.29, Aconex shares rocketed 44% to close at A$7.63 (just below Oracle’s offer price), …

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

Dec 17 2017

Oracle set to buy Aconex

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 …

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

Nov 24 2017

Connected Cost – Aconex’s game-changer?

Guy Barlow, Aconex

Guy Barlow, global commercial director for Connected Cost at Aconex, was speaking at the Project Controls Expo in London last week (16 November 2017). I talked to him before his presentation (on the world’s emerging ‘Giga projects’). Just over six months ago, Melbourne, Australia-based SaaS construction collaboration vendor Aconex finally publicly launched its Connected Cost solution, …

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Permanent link to this article: http://extranetevolution.com/2017/11/connected-cost-aconexs-game-changer/

Sep 26 2017

CEMAR sticks to its NEC expertise

Ben Walker, CEMAR CEO

CEMAR is focused purely on contract management and its expertise in NEC contracts has helped it achieve leadership in this specialist cloud-based software market. Gloucester, UK-based construction contract management software vendor CEMAR is single-minded in its focus on construction contracts and on the NEC suite in particular. This focus has seen the company enjoy year-on-year …

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Permanent link to this article: http://extranetevolution.com/2017/09/cemar-sticks-to-its-nec-expertise/

Apr 27 2017

Aconex launches Connected Cost

Rob Phillpot

It’s taken nearly two years, but Aconex finally announced the launch of Connected Cost earlier this month, potentially heralding a move into construction payment management. With its July 2015 acquisition of US-based Worksite, a project cost management solution developed at ARES Project Management LLC, the Melbourne, Australia-based construction collaboration vendor Aconex started working towards integration of project cost …

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Permanent link to this article: http://extranetevolution.com/2017/04/aconex-launches-connected-cost/

Aug 05 2016

Oracle building its construction offering

A Construction Index news story today about the Bank of England’s decision yesterday to reduce the central bank interest rate to 0.25% highlighted once again the UK construction industry’s poor record on prompt payment. It quotes the National Federation of Builders’s chief executive Richard Beresford: “The construction industry has the worst payment record of any …

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Permanent link to this article: http://extranetevolution.com/2016/08/oracle-building-its-construction-offering/

Mar 21 2016

Aconex acquires Conject – reaction

While Conject reassures its customers, competitors (past and present) react to Aconex’s acquisition of the Europe-based SaaS collaboration vendor. After the 17 March 2016 announcement of Conject‘s acquisition by Aconex, the UK business’s managing director Steve Cooper sought to reassure the company’s SaaS construction collaboration customers and users about the business’s future. In an email (18 March), he …

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Permanent link to this article: http://extranetevolution.com/2016/03/aconex-acquires-conject-industry-reacts/

Oct 30 2015

Progressclaim targets Aussie CPM market

Progressclaim.com logo

A Google alert brought me news (reported in BRW, and Dynamic Business) of an Australian construction technology start-up, founded in 2011, that is competing in the same kind of market as Textura. Lincoln Easton, CFO of a Melbourne, Australia-based contractor, was apparently only too familiar with the poor book-keeping, arguments, paperwork and threats that resulted from …

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Permanent link to this article: http://extranetevolution.com/2015/10/progressclaim-targets-aussie-cpm-market/

Sep 02 2015

OpenECX targeting subcontractors

Webcontractor-screengrab

OpenECX and its WebContractor application provides an end-to-end – purchase order to payment – SaaS-based process management platform. The UK construction e-commerce sector isn’t one I’ve looked at that closely, particularly when it comes to managing buyer/supplier financial transactions between construction businesses. I have tended only to give it a brief mention if it involves a …

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Permanent link to this article: http://extranetevolution.com/2015/09/openecx-targeting-subcontractors/

Aug 27 2015

Textura promoting early subbie payment

The European arm of US construction payment management corporation Textura is starting to raise its profile in the UK, with early payment of subcontractors part of its service offering. As I reported just over a year ago (Colin Smith leads Textura European push), Textura Europe is headed by the one-time founder and CEO of BIW …

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Permanent link to this article: http://extranetevolution.com/2015/08/textura-europe/

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