Last month (23 August), Australia-based Software-as-a-Service construction collaboration software vendor Aconex announced its financial results for the year to 30 June 2016, revealing underlying organic revenue growth of 31%, with the acquisition of Conject (completed on 31 March 2016) boosting total revenue growth to 50%. Total Aconex revenue was Au$123.4 million (c. US$93.3m, £70.1m, €82.8m), compared with …
Tag: Australia
Permanent link to this article: https://extranetevolution.com/2016/09/conject-deal-boosts-aconex-revenue-growth/
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 …
Permanent link to this article: https://extranetevolution.com/2016/08/oracle-building-its-construction-offering/
Jul 21 2016
Union Square acquired by Deltek
In an echo of an earlier US/UK acquisition in the construction IT space, ERP vendor Deltek has acquired UK project management software vendor Union Square. Mostly, ExtranetEvolution focuses on Software-as-a-Service solutions and related applications in the architecture, engineering and construction sector. However, I do keep an eye on vendors whose software solutions occasionally either compete …
Permanent link to this article: https://extranetevolution.com/2016/07/union-square-acquired-by-deltek/
Jun 01 2016
Aconex UK growth makes Conject deal look timely
Latest results from Aconex (UK) Ltd suggest the March 2016 Conject acquisition was timely, with the Australian giant’s European operation lagging behind regional rivals. I have monitored the performance of Aconex’s UK-based operation, Aconex (UK) Ltd for some years (since at least 2007). The Melbourne, Australia-based parent company has made great strides to become the dominant …
Permanent link to this article: https://extranetevolution.com/2016/06/aconex-uk-growth-makes-conject-deal-look-timely/
May 26 2016
Viewpoint 2016 UK customer summit
Viewpoint Construction Software‘s 2016 UK customer summit reconvened at London’s Grange Tower Bridge Hotel again this week, and, with more delegates (c. 150) from more companies (55) than last year, now looks to be outgrowing the venue. For many of those attending the two-day event, it was a first opportunity to hear from Manolis Kotzabasakis …
Permanent link to this article: https://extranetevolution.com/2016/05/viewpoint-2016-uk-customer-summit/
May 19 2016
GamePlan’s aim: ‘lean’ collaboration
Nothing to do with computer gaming, GamePlan is a US start-up exploring both lean construction and BIM-based collaboration. In devising its product, US-based startup GamePlan (headquartered in Wilmington, Delaware) has consciously tried not to copy existing SaaS construction software providers’ approach to collaboration. While its core platform offers many of the same features, its philosophy has been strongly guided …
Permanent link to this article: https://extranetevolution.com/2016/05/gameplans-aim-lean-collaboration/
Apr 24 2016
Zuuse targeting BIM to FM opportunity
Australian start-up Zuuse ambitiously aims to shake up the facilities management market, bridging the gap from BIM to FM. While we have seen a considerable shift over the past 20 years from mainly on-premise management of documents and drawings to management of information ‘in the cloud’, the focus tended to be on accelerating the once largely paper-based design …
Permanent link to this article: https://extranetevolution.com/2016/04/zuuse-targeting-bim-to-fm-opportunity/
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 …
Permanent link to this article: https://extranetevolution.com/2016/03/aconex-acquires-conject-industry-reacts/
Mar 17 2016
Aconex acquires Conject
In the biggest deal yet seen in the construction SaaS market, the Melbourne, Australia-based collaboration technology provider Aconex has acquired Munich, Germany-based rival Conject for A$96m (c. €65m or £51m or US$73.3m). Aconex announced the agreement to acquire Conject Holding GmbH earlier today, along with its intention to launch a fully underwritten placement to raise approximately A$120m …
Permanent link to this article: https://extranetevolution.com/2016/03/aconex-acquires-conject/
Feb 23 2016
Growth slows at Asite
SaaS collaboration vendor Asite is still profitable, still growing revenues but slowed slightly in 2015. London, UK-based SaaS construction collaboration technology vendor Asite has published its annual report and accounts for the year ending 30 June 2015 (Asite news release). It increased its revenues by 12.2% to £5.289m (2014: £4.715m). Operating profit for the period increased by 19.2% …
Permanent link to this article: https://extranetevolution.com/2016/02/growth-slows-at-asite/
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