Aconex (ASX: ACX)

Aconex (ASX: ACX) An online software platform that connects teams working on construction and engineering projects

2000

FOUNDED

SMALL

SIZE

SOFTWARE

Industry

Product / Service

  • Aconex’s software provides information and process management tools to assist with document management, bid and tender processes, workflows, field management and other project tasks in construction projects

  • Aconex started from the observation that construction projects relied on massive amounts of paper – documents that needed to be sent to a range of teams in a range of locations

  • Aconex delivers its platform using a cloud based Software-as-a-Service (SaaS) subscription model.  This allows users to login from anywhere with an internet connection, including home, office and on-site.  The SaaS platform allows customers to manage documents and data with a centralised approach

  • An example of Aconex in use is when field inspectors note errors for repair.  Inspectors make notes on the system, which automatically notifies subcontractors of the error. Subcontractors make the fix and mark it for re-inspection

  • Aconex also plugs into Building Information Modelling and other solutions providing project teams with complementary tools to manage complex projects

  • Aconex has been used on projects including:

    • Battersea Power Station – London, UK

    • Royal Adelaide Hospital – Adelaide, Australia

    • Venetian Macau – Macau

  • Aconex's pricing is typically determined based on project size and complexity

History

  • Aconex was founded in 2000 and listed on the ASX in December 2014

Customers

  • Aconex’s software is available to all major segments of the global construction industry.  This includes residential & commercial, government & infrastructure and energy & resources

  • Customers include:

    • Asset owners

    • Construction firms

    • Contractors

    • Project managers

Operations

  • The company is headquartered in Melbourne

  • The company has been used in construction projects across:

    • Australia and New Zealand (ANZ)

    • Europe, Middle East, Africa (EMEA)

    • The Americas

    • Asia

Profitability Table

Year Revenue ($m) % change EBIT ($m) % change
FY 2012 44.3      
FY 2013 52.3 18.1    
FY 2014 66.2 26.6 -7.9 L
FY 2015 82.4 24.5 -8.1 L
FY 2016 123 49.3 2.0 P

Fun Facts

  • In July 2015, Aconex acquired Worksite, a provider of SaaS project cost management solutions

  • Aconex has more than 60,000 user organisations working on projects valued at more than $1 trillion

  • Leigh Jasper’s total remuneration for FY 2016 was $727k

Competitors

Sources & More Info

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