Aconex promotes from within

Extranet Evolution

Melbourne, Australia-based SaaS construction collaboration technology vendor Aconex has announced the promotion of two employees to its executive team. He was most recently head of engineering, Americas, at Aconex.

Aconex launches Connected Cost

Extranet Evolution

It’s taken nearly two years, but Aconex finally announced the launch of Connected Cost earlier this month, potentially heralding a move into construction payment management. Aconex to move into CPM.

Aconex continues 31% growth trend

Extranet Evolution

Aconex continues to grow revenues, effectively doubling in two years. In the company’s investor presentation, Aconex highlighted that revenues had effectively doubled in two years. in 2017, due to the acquisition of the Conject business (Aconex says it incurred Au$7.9m

Aconex forecasts 39% growth

Extranet Evolution

Melbourne, Australia-based SaaS construction collaboration vendor, Aconex, provided a trading update covering the quarter ending 30 September 2016 on Monday ( 25 October announcement ).

Aconex acquires Conject – reaction

Extranet Evolution

While Conject reassures its customers, competitors (past and present) react to Aconex’s acquisition of the Europe-based SaaS collaboration vendor. Together with Aconex, we become a truly global provider: Strong footholds in all of the world’s largest construction markets.

Aconex boosts US Connected Cost team

Extranet Evolution

Aconex has been boosting its Connected Cost sales and marketing efforts in the US, and is supporting digitisation efforts across the construction and engineering industries. Aconex is the only connected construction industry platform that is safe, fast and flexible.

Aconex connects to Dropbox

Extranet Evolution

At the end of August 2016, Dropbox and Australia-based SaaS construction collaboration vendor Aconex announced ( Dropbox news release ; Aconex news release ) a global partnership to provide integrated cloud-based collaboration solutions to the construction and engineering industry. Aconex users will now be able to securely move documents, drawings, photos, and other files from Dropbox to Aconex with a few simple clicks.

Aconex acquires Worksite

Extranet Evolution

Acquiring a SaaS project cost management platform gives Aconex a potential leadership position when customers want both cloud collaboration and project cost control. Integrating Worksite into Aconex. Two competitors in particular will be nervous about this latest Aconex move.

Aconex acquires Conject

Extranet Evolution

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. Outlook for Conject’s Business Integrated with Aconex.

Conject deal boosts Aconex revenue growth

Extranet Evolution

Total Aconex revenue was Au$123.4 Aconex declared a pre-tax profit (EBITDA) of Au$13.6 Aconex CEO Leigh Jasper said: “Our financial results for FY16 demonstrated strong fundamental performance, driven by the consistent execution of our growth strategy.

Aconex finishing strongly

Extranet Evolution

Ahead of an official annual results announcement on 25 August, Melbourne, Australia-based SaaS collaboration technology provider Aconex has today reported its cash flows for its fourth quarter ended 30 June 2015 with the Australian Securities Exchange (ASX).

Aconex upgrades BIM capabilities

Extranet Evolution

Aconex has launched a ‘Connected BIM’ product, and a new Digital Manuals capability (but only if you are on Windows). The Aconex platform apparently supports Open BIM, including IFC (Industry Foundation Classes). Aconex was approached for comment 12 hours before publication.

Aconex 2015 revenues up 24%

Extranet Evolution

In its first results announcement since its December 2014 initial public offering , Melbourne, Australia-based SaaS construction collaboration technology provider Aconex has announced that revenues for the year ending 30 June 2015 were up 24% to Au$82.4m (2014: Au$66.2;

Aconex boosts investor hopes

Extranet Evolution

Just over six months after its December 2014 IPO on the Melbourne Stock Exchange , and some four months on from a rosy financial update , Australian-based Software-as-a-Service collaboration vendor Aconex is benefitting from the currently weak Australian dollar, according to various reports (eg: AFR ). Aconex will still post an after-tax loss, but this may be lower than the predicted Au$3.2m, perhaps as low as Au$2.7m. Aconex’s review reviewed.

New Aconex SVP EMEA

Extranet Evolution

Melbourne, Australia-based international SaaS construction collaboration technology vendor Aconex has appointed a senior vice president with responsibility for Europe, Middle East and Africa (EMEA) and Global Accounts (see news release ).

A rosy Aconex financial update

Extranet Evolution

Aconex , which listed on the Australian Stock Exchange in December, has just reported results for the half-year to 30 December 2014. CEO Leigh Jasper said: “First half results showed how the Aconex unlimited collaboration model is driving the growth of our global user network.

Aconex UK growth makes Conject deal look timely

Extranet Evolution

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. Aconex has also fared less well than rivals in the mainland Europe market.

Breaking news: Aconex cancels IPO

Extranet Evolution

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.

Aconex resurrects IPO plans

Extranet Evolution

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 ) to be back on track to float after a revised IPO secured $140 million from cornerstone investors.

Aconex to float on ASX?

Extranet Evolution

The Australian Financial Review is reporting that Aconex is preparing for an initial public offering on the Australian Stock Exchange.

Aconex to offer free BIM module

Extranet Evolution

Pre-IPO, SaaS construction collaboration technology vendor Aconex is focusing on emerging technology trends, and eyeing potential acquisitions. Apparently, since Aconex launched a mobile service four years ago, over half of all clients have taken it up.

Aconex valued between $350m and $410m

Extranet Evolution

According to the reports, Aconex launched its roadshow in Sydney today (Monday) for an initial public offering of the business, earmarked for late November, and will raise between $122m and $135m from investors.

Aconex raises size of IPO

Extranet Evolution

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. The Australian Business Review says Aconex will sell 101.9 Aconex will lodge its prospectus by 28 October before trading on 18 November.

Aconex CIMIC deal absorbs SaaS rival

Extranet Evolution

Melbourne, Australia-based SaaS construction collaboration technology vendor Aconex last week announced a strategic partnership with CIMIC Group. More pertinent to the AEC collaboration market, Leighton Group also had its own collaboration technology vendor: Incite Keystone , which mainly provided its platform to group companies including Leighton Contractors, Leighton Asia, India and Offshore, Thiess, and John Holland (announced as an Aconex partner in July ).

Aconex revamps corporate identity

Extranet Evolution

Aconex , the Melbourne, Australia-based SaaS construction collaboration technology vendor has updated its corporate identity , and overhauled its website to reflect the new logo. Aconex Australia collaboration Construction logo marketing US website

Three enterprise deals boost Aconex

Extranet Evolution

Aconex ‘s bullish trading update last month has been followed by three major deal announcements from the Melbourne, Australia-based SaaS construction collaboration technology vendor, including. an enterprise deal with Lendlease (30 June) which will see “the use of Aconex across Lendlease’s Building business in Australia and initially its major construction projects in Asia, while making the platform available to other business units globally”, and.

Aconex: CEO Leigh Jasper interviewed (Pt 3)

Extranet Evolution

In the final section of this three-part Extranet Evolution interview with Aconex CEO Leigh Jasper (read part one ; part two ), the focus is digital transformation and long-term growth prospects.

Aconex developing BIM plugins

Extranet Evolution

According to the BIMcrunch blog , Australian construction collaboration company Aconex intends to create more building information modelling (BIM) software plug-ins. AEC BIM Blogs Business/Financial Collaboration Functionality Future Marketing SaaS Vendors Aconex architecture Australia Autodesk collaboration Construction Engineering Revit

New chairman at Aconex

Extranet Evolution

Aconex , the Melbourne, Australia-based SaaS construction collaboration technology provider, has appointed a new chairman. Today’s boardroom reshuffle announcement has also seen Keith Geeslin, a partner at Aconex investor Francisco Partners, elected as a director in place of his Francisco colleague Petri Oksanen who had served on the Aconex board since 2012.

Aconex in November IPO?

Extranet Evolution

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 ). Aconex has expanded aggresively overseas, with a strong push in north America in recent years. AEC Business/Financial Collaboration Marketing SaaS Vendors Aconex Australia IPO Macquarie Capital Software-as-a-Service UBS

Aconex: CEO Leigh Jasper interviewed (Pt 2)

Extranet Evolution

In the second part of this now three-part Extranet Evolution interview with Aconex CEO Leigh Jasper ( read part one ), we talk about building information modelling, FM, mobile and other product development ideas.

Aconex’s IPO prospectus reviewed

Extranet Evolution

Aconex’s IPO prospectus delivers a wealth of information, but there are some omissions too. – by an Australian contact) published on 17 November to support SaaS construction collaboration vendor Aconex ‘s on-off-on-again flotation.

Free Tool To Batch Upload Documents to Aconex

What Revit Wants

Aconex is a CDE (common data environment) used a lot through some regions for managing AEC correspondence. It is also used to register and share some BIM-related files and documents, although I don’t personally think Aconex is a great tool for that particular job. CDE aconex rtv

Aconex IPO signposts VC exit

Extranet Evolution

Aconex’s private equity partner Francisco Partners will exit the business comforted by a US$23.5 Aconex later reported that this new equity was in two tranches : an initial $57.5m, and an additional ‘acquisition tranche’ – though this was rarely dipped into: Aconex’s only deal was to acquire Grazer in June 2012. Aconex is raising $140m at $1.90 per cent stake in Aconex and will sell all of its shares through the IPO, worth about $62.4m

Aconex appoints CMO (again)

Extranet Evolution

There has been something of a revolving door regarding Aconex chief marketing officers (see Aconex appoints a US-based CMO ), and the latest to be announced by the Melbourne, Australia-founded SaaS construction collaboration software business is US-based Andrew Savitz.

Aconex shares slip slightly on ASX debut

Extranet Evolution

Aconex shares dip on their first day of ASX trading. Sally Rose in The Australian Financial Review says Aconex’s “bold decision to downsize its initial public offer has been vindicated as the right call.” Aconex co-founder and CEO Leigh Jasper agreed that this respectable-but-modest performance on listing indicates the deal would have likely sunk if the IPO had proceeded at the original premium: “I feel good about the decision to re-jig the deal.

Aconex restructuring

Extranet Evolution

Australian SaaS construction collaboration vendor Aconex is restructuring to reduce overheads at its Melbourne head office. Certainly, some Aconex employees’ posts are to be discontinued. Up to June 2012, Australasia contributed 50% of all Aconex revenues.