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 …
Tag: Francisco Partners
Permanent link to this article: https://extranetevolution.com/2014/11/aconex-ipo-signposts-vc-exit/
Jul 22 2014
New chairman at Aconex
Aconex, the Melbourne, Australia-based SaaS construction collaboration technology provider, has appointed a new chairman. Simon Yencken, who succeeded the then embattled Martin Hosking in June 2011, has stepped down (but will remain a director) and Adam Lewis (right), a non-executive director since November 2011, is the new chairman. Today’s boardroom reshuffle announcement has also seen Keith Geeslin, a …
Permanent link to this article: https://extranetevolution.com/2014/07/new-chairman-at-aconex/
Jul 18 2014
Aconex to float on ASX?
The Australian Financial Review is reporting that Aconex is preparing for an initial public offering on the Australian Stock Exchange. The Melbourne-based SaaS construction collaboration technology vendor (now sporting a shiny new corporate identity) is said to be working with investment banks UBS and Macquarie Capital to prepare a road show for fund managers in …
Permanent link to this article: https://extranetevolution.com/2014/07/aconex-to-float-on-asx/
Feb 19 2013
16 reasons why nobody yet dominates the construction SaaS collaboration sector
Despite widespread adoption of SaaS-based construction collaboration platforms and wider acceptance of SaaS, no company has achieved real dominance across any major regional, national or vertical AEC market. Why? [Warning: this is a longer-than-usual post!] By revenues and (notwithstanding recent restructuring) by manpower, Aconex is the biggest player in the Software-as-a-Service (SaaS) based construction collaboration …
Permanent link to this article: https://extranetevolution.com/2013/02/16-reasons-why-nobody-yet-dominates-the-construction-saas-collaboration-sector/
Nov 01 2011
Aconex appoints new non-execs
Melbourne, Australia-based SaaS construction collaboration technology provider, Aconex has appointed two new non-executive directors to its board, and replaced a third (see news release). Former McKinsey managing partner Adam Lewis brings 20 years’ experience in advising major firms and governments, with a client portfolio including steel, mining, chemicals, retail, telecommunications and retail banking industries. He …
Permanent link to this article: https://extranetevolution.com/2011/11/aconex-appoints-new-non-execs/
Jun 17 2011
Hosking steps down at Aconex
Martin Hosking resigned as a director and chairman of Melbourne, Australia-based construction collaboration technology provider Aconex on 15 June, according to a news release on its website. Mr Hosking will now “focus on his role as CEO of RedBubble,” having over the last seven years helped increase revenue by over 15 times. He is succeeded as chairman by …
Permanent link to this article: https://extranetevolution.com/2011/06/hosking-steps-down-at-aconex/
Feb 17 2011
Aconex director under scrutiny
It appears that defeat of a minority shareholder’s resolution to remove the Aconex chairman Martin Hosking at an EGM last month (post 1, post 2) hasn’t ended the discontent within the highest echelons of the Melbourne-based construction collaboration technology business. Questions have now been asked about the role of another member of the board, with …
Permanent link to this article: https://extranetevolution.com/2011/02/aconex-director-under-scrutiny/
Feb 17 2011
Accounting for Aconex
The recent boardroom bickering at Melbourne, Australia-based construction collaboration technology vendor Aconex prompted me to take a look at its recent financial performance, just in case there were financially-inspired reasons behind the apparent shareholder unrest. While the pre-credit crunch double-digit growth figures are no longer being achieved, it appears the international spread of Aconex’s operations …
Permanent link to this article: https://extranetevolution.com/2011/02/accounting-for-aconex/
Jan 18 2011
Boardroom bickering back on the Aconex agenda
In a recurrence of wrangling that appeared concluded in 2008, a shareholder in Australia-based construction collaboration technology vendor Aconex has forced an Extraordinary General Meeting in Melbourne on 28 January 2011. The only resolution before that meeting seeks the immediate removal of chairman Martin Hosking as director of the company and was “received on behalf …
Permanent link to this article: https://extranetevolution.com/2011/01/boardroom-bickering-back-on-the-aconex-agenda/
Permanent link to this article: https://extranetevolution.com/2009/11/rob-phillpot-on-aconex-apis-and-acquisitions/
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