Category: Business/Financial

New CEO at GroupBC

Sanjeev Shah and Wes Simmons, GroupBC

Reading, UK-based SaaS collaboration vendor GroupBC has appointed construction software industry veteran Wes Simmons as its CEO. He succeeds Sanjeev Shah, who is taking on a new role in developing GroupBC’s strategic industry partnerships (see GroupBC news release). Simmons was until recently managing director of construction ERP vendor Eque2, where he grew the business from …

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Permanent link to this article: https://extranetevolution.com/2018/01/new-ceo-at-groupbc/

Dalux targets BIM collaboration

Torben Dalgaard - CEO of Dalux

Copenhagen-based Dalux has capitalised upon Denmark’s early BIM adoption and the smartphone explosion to provide user-friendly BIM working, including augmented reality, on mobile devices. In late 2017, I met up with Torben Dalgaard, in 2005 one of the two cofounders of Copenhagen, Denmark-based Dalux, a 40-strong developer of mobile BIM and related Software-as-a-Service construction collaboration …

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Permanent link to this article: https://extranetevolution.com/2018/01/dalux-targets-bim-collaboration/

Accruent buys Kykloud

John Borgerding - Accruent CEO

North Shields, UK-based mobile Software-as-a-Service asset management application vendor Kykloud has been acquired by Austin, Texas-based software business Accruent for an undisclosed sum. Launched in January 2012, proptech startup Kykloud was founded by Edwin Bartlett and former 4Projects (now part of Viewpoint nearby in Newcastle-upon-Tyne) CTO Nick Graham, and in six years has grown to …

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Permanent link to this article: https://extranetevolution.com/2018/01/accruent-buys-kykloud/

New owners for iSite … then administration

iSite logo 2018

A corporate merger between two UK construction businesses mainly engaged in the fit-out sector would not normally grab my attention. However, the pre-Christmas announcement that Styles & Wood is to be combined with interiors firm Southerns Group means a change of ownership for Styles & Wood’s information technology subsidiary, Nottingham-based iSite. Central Square Holdings Ltd (CSHL) …

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Permanent link to this article: https://extranetevolution.com/2017/12/new-owners-for-isite/

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: https://extranetevolution.com/2017/12/oracle-to-buy-aconex-reaction/

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: https://extranetevolution.com/2017/12/oracle-set-to-buy-aconex/

Ape Mobile expands internationally

Kevin Reece (APE Mobile)

Australian startup APE Mobile is spreading its wings internationally, looking to grow a US-based sales team and maybe add a London office in the future. At Digital Construction Week in London in October, I met up with several businesses I had previously written about – one was APE Mobile, a Perth, Australia-based company I first …

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Permanent link to this article: https://extranetevolution.com/2017/11/ape-mobile-expands-internationally/

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: https://extranetevolution.com/2017/11/connected-cost-aconexs-game-changer/

Rhumbix and real-time site data

Rhumbix logo

Rhumbix automates construction workforce timekeeping and reporting at the field level via a mobile app, and provides real-time reporting, benchmarking and analysis to managers. Sometimes being separated by an ocean and continent doesn’t help communication. As a London-based writer, I received a news release about San Francisco, California’s Rhumbix, and reached out for an interview, …

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Permanent link to this article: https://extranetevolution.com/2017/11/rhumbix-and-real-time-site-data/

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: https://extranetevolution.com/2017/11/aconex-promotes-from-within/

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