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: IPO
Permanent link to this article: https://extranetevolution.com/2014/11/aconex-ipo-signposts-vc-exit/
Nov 16 2014
Aconex resurrects IPO plans
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 27 2014
Breaking news: Aconex cancels IPO
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 13 2014
Aconex valued between $350m and $410m
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/
Sep 26 2014
Aconex in November IPO?
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/
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/
Jul 10 2014
Colin Smith leads Textura European push
Ex-COINS, BIW and Conject executive, Colin Smiths takes the helm as Textura looks to conquer the construction payment management market in Europe. Colin Smith, founder of BIW Technologies in 2000, CEO of that business through to its sale to Munich-based Conject in 2010, and then CEO of the Conject Group until December 2013, has a …
Permanent link to this article: https://extranetevolution.com/2014/07/colin-smith-leads-textura-european-push/
Nov 04 2013
Aconex appoints a US-based CMO
The apparent transition of Australian-founded Aconex into an American corporation took another step last week with the announcement that experienced US SaaS executive Blaine Mathieu had been appointed as chief marketing officer of the SaaS project collaboration vendor. According to the news release, Mathieu brings more than 25 years of management experience in marketing, product management, …
Permanent link to this article: https://extranetevolution.com/2013/11/aconex-appoints-a-us-based-cmo/
May 17 2012
New Aconex CFO
Melbourne, Australia-based SaaS construction collaboration technology provider Aconex has announced the appointment of a new chief financial officer, Steve Recht. The news release says Recht has 30 years’ operating and finance experience as a CEO, COO and CFO for venture-backed private and public companies. Aconex CEO Leigh Jasper comments: “Aconex is approaching the end of …
Permanent link to this article: https://extranetevolution.com/2012/05/new-aconex-cfo/
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/
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