Oracle to buy construction collaboration software maker Aconex for $1.2B in cash

Oracle will pay $1.2 billion in cash to buy construction software developer Aconex, the companies announced today. Based in Melbourne, Aconex’s cloud-based software allow teams working on building projects to collaborate and share documents. Oracle agreed to pay AUD $7.80 (about $5.97) per share in cash for a total of $1.2 billion. This price represents a 47% premium over Aconex’s Friday closing price of AUD $5.29 (about $4.05).

This marks Oracle’s second acquisition of a cloud-based construction software maker so far. Last year, it purchased contract and payment management platform Textura for $663 million and combined it with its own construction management software, called Primavera, to form the Oracle Construction and Engineering Global Business Unit.

Construction projects consist of many moving parts, including multiple contractors and suppliers, complicated building codes and piles of paper documents, and managing everything can be a costly, time-consuming nightmare. This, of course, gives the tech industry an opening. In the past few years, several startups have launched to modernize the building industry, including FieldwirePlanGridNet30 and UpCodes.

Founded in 2000, Aconex currently has offices in 30 countries and says it has been used to manage over $1 trillion in construction projects. The company claims 5.5 million project users, who can manage and communicate about building progress, documents, safety checklists and other issues on desktops or mobile devices. Oracle says Aconex will complement its cloud-based construction software, which focuses on project planning, management and payments, to create an end-to-end solution for builders. After the acquisition’s close, which is expected to take place in the first half of 2018, Aconex will become part of Oracle’s construction and engineering unit.

In a letter to Aconex’s customers, co-founder and chief executive officer Leigh Jasper said “we expect that Oracle’s continued investment in Aconex will deliver more functionality and capabilities at a quicker pace, as well as provide better integration and alignment with Oracle’s other product offerings.”

Categories: Uncategorized

45 Comments

  • Brendan Mace says:

    … [Trackback]

    […] Find More here|Find More|Find More Informations here|There you can find 71035 additional Informations|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More on|Read More|Read More Informations here|There you will find 51920 more Informations|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More on|Read More|Read More Infos here|Here you can find 81749 additional Infos|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • vanillagift says:

    … [Trackback]

    […] Find More here|Find More|Find More Informations here|Here you can find 21129 more Informations|Informations to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Find More on|Find More|Find More Informations here|Here you can find 24572 additional Informations|Infos to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More here|Read More|Read More Infos here|There you can find 51676 more Infos|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More here|Read More|Find More Infos here|There you can find 57423 more Infos|Infos on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Find More on|Find More|Read More Informations here|There you will find 50505 additional Informations|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Find More here|Find More|Read More Infos here|Here you will find 98216 additional Infos|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More here|Read More|Find More Infos here|There you will find 64620 more Infos|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Find More on|Find More|Find More Informations here|There you will find 28312 additional Informations|Infos to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • chatrooms says:

    … [Trackback]

    […] Read More on|Read More|Read More Infos here|There you will find 18928 additional Infos|Informations to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • EDOT3 SEO says:

    … [Trackback]

    […] Read More here|Read More|Read More Informations here|There you can find 98536 more Informations|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • Teen Chat says:

    … [Trackback]

    […] Find More here|Find More|Find More Infos here|There you will find 58218 more Infos|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • gaple online says:

    … [Trackback]

    […] Read More on|Read More|Find More Informations here|There you will find 57722 additional Informations|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Find More on|Find More|Find More Infos here|There you can find 33643 additional Infos|Informations to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More here|Read More|Find More Infos here|There you can find 3048 additional Infos|Informations to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • Buy views says:

    … [Trackback]

    […] Read More on|Read More|Read More Informations here|Here you can find 36637 more Informations|Informations to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More here|Read More|Find More Infos here|Here you can find 76194 additional Infos|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More here|Read More|Find More Informations here|Here you can find 9682 more Informations|Informations to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More here|Read More|Read More Infos here|Here you will find 59019 more Infos|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More here|Read More|Find More Informations here|There you can find 61036 more Informations|Infos on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More on|Read More|Read More Informations here|There you can find 58273 additional Informations|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More on|Read More|Find More Infos here|Here you will find 27213 additional Infos|Informations to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Find More here|Find More|Read More Informations here|There you can find 83647 additional Informations|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More here|Read More|Read More Informations here|Here you can find 58688 additional Informations|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Find More here|Find More|Read More Infos here|Here you can find 13000 more Infos|Infos to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More here|Read More|Read More Infos here|There you can find 86533 more Infos|Infos on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Find More here|Find More|Find More Infos here|Here you can find 81780 additional Infos|Infos on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More here|Read More|Find More Informations here|There you will find 59044 additional Informations|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More here|Read More|Read More Infos here|There you will find 75812 additional Infos|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More here|Read More|Find More Informations here|There you can find 60977 additional Informations|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More on|Read More|Read More Infos here|There you can find 3779 additional Infos|Infos to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • blizniaki says:

    … [Trackback]

    […] Find More here|Find More|Find More Infos here|There you will find 38375 more Infos|Infos to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Find More here|Find More|Find More Informations here|There you can find 26114 more Informations|Informations to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Find More on|Find More|Read More Informations here|There you can find 13966 additional Informations|Informations to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Find More on|Find More|Read More Informations here|Here you will find 40257 more Informations|Informations to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More on|Read More|Find More Informations here|There you can find 96447 more Informations|Infos on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Find More on|Find More|Find More Infos here|Here you will find 56278 more Infos|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Find More on|Find More|Find More Infos here|Here you will find 91404 additional Infos|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • ptp software says:

    … [Trackback]

    […] Find More here|Find More|Read More Informations here|Here you can find 86183 more Informations|Infos on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More here|Read More|Read More Informations here|There you will find 96439 additional Informations|Informations on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Find More here|Find More|Read More Informations here|There you will find 19169 more Informations|Infos to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Read More on|Read More|Find More Informations here|Here you will find 22486 additional Informations|Infos to that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]

  • … [Trackback]

    […] Find More on|Find More|Find More Informations here|Here you will find 89318 more Informations|Infos on that Topic: constructionsoftwarenews.net/oracle-to-buy-construction-collaboration-software-maker-aconex-for-1-2b-in-cash/ […]