Nov 21 2014
Aconex’s IPO prospectus delivers a wealth of information, but there are some omissions too. I have been browsing through the IPO Prospectus (sent to me – thanks! – by an Australian contact) published on 17 November to support SaaS construction collaboration vendor Aconex‘s on-off-on-again flotation. The exit of private equity partner Francisco Partners is significant, I think, but …
Permanent link to this article: https://extranetevolution.com/2014/11/aconexs-ipo-prospectus-reviewed/
Nov 20 2014
Aconex’s private equity partner Francisco Partners will exit the business comforted by a US$23.5 million cash compensation payment. The Australian Business Review (see also report by Reuters) underlines one impact of the resurrected Aconex IPO: US private equity firm Francisco Partners will terminate its involvement in the Melbourne-based SaaS construction collaboration technology business, just over six years …
Permanent link to this article: https://extranetevolution.com/2014/11/aconex-ipo-signposts-vc-exit/
Nov 16 2014
Aconex IPO reportedly downsized but back on track for a December 2014 ASX listing. Just a couple of weeks after postponing a planned Au$230m initial public offering (IPO) just 24 hours before it was due to publish its prospectus, Melbourne-based Software-as-a-Software construction collaboration technology vendor Aconex is (according to a report by Sally Rose in The Age; …
Permanent link to this article: https://extranetevolution.com/2014/11/aconex-resurrects-ipo-plans/
Oct 30 2014
Aconex has launched a ‘Connected BIM’ product, and a new Digital Manuals capability (but only if you are on Windows). Away from the continuing repercussions of the ‘tepid’ and therefore cancelled or postponed IPO (post), Melbourne, Australia-based Software-as-a-Service construction collaboration technology provider Aconex has launched Aconex Connected BIM, a new product extending the Aconex platform to …
Permanent link to this article: https://extranetevolution.com/2014/10/aconex-upgrades-bim-capabilities/
Oct 27 2014
Just the day before it was due to publish its IPO prospectus, Melbourne-based SaaS construction collaboration technology vendor Aconex is reported to have cancelled the initial public offering planned for November. According to Bridget Carter in The Australian: “… Aconex has cancelled plans for its initial public offering, despite its book build being covered within its …
Permanent link to this article: https://extranetevolution.com/2014/10/breaking-news-aconex-cancels-ipo/
Oct 21 2014
Australia is fertile territory for mobile construction technology businesses. APE Mobile is a Perth, WA-based start-up automating contractors’ paperwork requirements. It’s a familiar story. Experienced construction professional wants to use a mobile device; tests some examples and finds none of them do what he thinks is necessary; decides to develop his own mobile software instead. …
Permanent link to this article: https://extranetevolution.com/2014/10/going-ape/
Oct 21 2014
The Australian reports that Melbourne-based SaaS construction collaboration software company Aconex has boosted the size of its raising for its upcoming IPO on the back of strong investor demand. Aconex previously said its plans were to raise between Au$120m and $150m. But it will now raise between $232m and $264m. The company is expected to have a …
Permanent link to this article: https://extranetevolution.com/2014/10/aconex-raises-size-of-ipo/
Oct 13 2014
News reports from Australia (The Australian, for example) say SaaS construction collaboration software business Aconex will float as a public company on the Australian Securities Exchange in late November (see previous post) with a market capitalisation of between Au$351 million and Au$406.5m (£190m-£220m). Joint lead managers Macquarie Capital and UBS priced the float at the …
Permanent link to this article: https://extranetevolution.com/2014/10/aconex-valued-between-350m-and-410m/
Oct 10 2014
4Projects turnover in 2013 reached £6.351m. The SaaS vendor reported its seventh straight £1m-plus profit, and sees BIM as a key to sustained future growth. Newcastle, UK-based SaaS construction collaboration technology develop 4Projects, since February 2013 a subsidiary of US ERP vendor Viewpoint, has reported record turnover for the year ending 31 December 2013. It …
Permanent link to this article: https://extranetevolution.com/2014/10/4projects-reports-record-revenues/
Sep 26 2014
Industry rumours suggest Melbourne, Australia-based SaaS construction collaboration technology vendor Aconex may be listed on the Australian Stock Exchange in November, with road shows underway this month (according to The Australian). Talk of a possible IPO first emerged in mid-July (post). Australian publications are suggesting investment banks Macquarie and UBS will take the company to …
Permanent link to this article: https://extranetevolution.com/2014/09/aconex-in-november-ipo/
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