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Aconex Limited
Company typePublic
IndustryComputer software
FoundedMelbourne (2000)
Headquarters
Melbourne, Australia
Key people
Leigh Jasper, CEO and co-founder
Robert Phillpot, SVP and co-founder
ProductsAconex Platform, Aconex Connected BIM, Aconex Field, Aconex Handover
Revenue$123.4m AUD (2016)[1]
Websitewww.aconex.com

Aconex Limited (ASX: ACX) is a listed public Australian company providing mobile and web-based collaboration technologies for project information and process management (also sometimes described as project management or project extranet systems), on a software as a service (SaaS) basis, to clients in the construction, infrastructure, power, mining, and oil and gas sectors. With more than 50,000 user organizations globally,[2] Aconex provides the most widely used cloud-based, multi-company project collaboration solutions for construction and engineering.[citation needed]

History

Aconex was founded in 2000 by Leigh Jasper and Robert Phillpot to offer construction collaboration and procurement management services (its name is a concatenation of Australian Construction Exchange).[3] However, due to low market interest in web-based procurement, it focused on expanding its online collaboration services, growing domestic revenue rapidly during the first half of the 2000s.

By late 2004, Aconex had established a presence in the UK market,[3] and was expanding into other regions including southeast Asia and the Middle East. Its overseas activity helped it win the 'Emerging Exporter' award in the 2006 Australian Export Awards.[4]

In September 2008, Aconex secured an A$107.5m private equity investment from US-based technology investor Francisco Partners.[5][6] It has since established a substantial presence in North America.

By 2014, Aconex had served construction and engineering projects with an aggregate value of more than A$800 billion, across all major geographic markets, from more than 40 offices worldwide.[7]

The company completed its initial public offering (IPO) of ordinary shares on December 9, 2014 and is listed on the Australian Securities Exchange (ASX) under the ticker code ACX.[8]

In March 2016, Aconex acquired the Germany-based Conject group for A$96m.[9]

Products / services

Aconex services include:[10]

  • Construction project information and process management (managing processes, documents, drawings, building information models, communications, workflows, audit trails, and other project information online - both mobile and web access)
  • Construction field management (managing field inspections and issues from mobile devices)
  • O&M manuals (developing digital operation and maintenance manuals for post-construction handover to asset owner and dynamic management of asset information)
  • BIM data and process management (accessing and managing BIM models at the object level for project management)
  • Interface management (identifying and resolving interface issues on oil and gas projects)

In 2011, the company launched an online bidding network, branded BidContender.[11] In 2011 and 2012, the company launched Aconex Mobile - mobile applications (iPhone and iPad) for access to the Aconex online collaboration platform.[12] In 2012, the company launched Aconex Field - a mobile field inspection and issues management solution for the iPhone and iPad,[13] and an Android version followed in 2013. Also in 2013, the company launched Aconex Smart Manuals - a collaboration solution for the post-construction handover of digital operation and maintenance (O&M) manuals.[14] In 2014, the company launched Aconex Connected BIM - an extension of the Aconex platform for BIM project collaboration[15] - and Aconex Handover - a suite of post-construction handover solutions that includes Smart Manuals and Dynamic Manuals, a mobile solution for asset information management.[16]

See also

References

  1. ^ "Aconex Reports FY16 Results: $123.4m Revenue, $13.6m EBITDA", aconex.com. Retrieved 18 October 2016.
  2. ^ "How can we help?". Aconex. Retrieved 2013-06-04.
  3. ^ a b Wilkinson, P. (2005) Construction Collaboration Technologies: The Extranet Evolution Taylor & Francis, London.
  4. ^ 2006 Australian Export Awards National Winners "Archived copy". Archived from the original on 2012-02-27. Retrieved 2011-11-07. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)CS1 maint: archived copy as title (link)
  5. ^ "Aconex lands private equity deal", The Age, 22 September 2008, http://www.theage.com.au/business/aconex-lands-private-equity-deal-20080921-4l2d.html
  6. ^ "Aconex gears for expansion after $107.5 million injection", Andrew Colley, Australian IT, 22 September 2008, http://www.theaustralian.com.au/australian-it-old/aconex-secures-1075-million-injection/story-e6frgamo-1111117553725
  7. ^ Construction IT (Finally) Completes the 'Tower of Babel': Interview with Aconex CEO Leigh Jasper,http://www.huffingtonpost.com/james-grundvig/construction-it-finally-c_b_2852548.html/
  8. ^ Australian Securities Exchange website http://www.asx.com.au
  9. ^ Yueyang, Maggie Lu (18 March 2016). "Aconex snaps up Conject for $96m". The Australian. Retrieved 2 April 2016.
  10. ^ Online collaboration for project information management with Aconex http://www.aconex.com/solutions
  11. ^ A look at BidConTender, http://extranetevolution.com/2011/05/a-look-at-bidcontender/
  12. ^ The Future of Construction Technology,http://www.constructech.com/news/articles/article.aspx?article_id=9407/[permanent dead link‍]
  13. ^ Aconex Touts Integration with New Field App, https://enr.construction.com/technology/information_technology/2012/1008-aconex-field-app-touts-integration.asp/
  14. ^ New Product Aims to Ease Operations and Maintenance Handover for Capital Projects, http://www.cadalyst.com/cad/building-design/new-product-suite-aims-ease-operations-and-maintenance-handover-capital-projects/
  15. ^ Project Management System Aims to Share and Enrich Building Information Models With Facility Data,http://enr.construction.com/technology/information_technology/2014/1103-project-management-system-aims-to-share-and-enrich-building-inforation-models-with-facility-data.asp/
  16. ^ Aconex Launches Dynamic Manuals for Mobile Handover,"Archived copy". Archived from the original on 2014-11-08. Retrieved 2014-11-07. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)CS1 maint: archived copy as title (link)
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