Latest Press Articles, page-105

@longing, fantastic article- and no, not posted previously. I particularly like this bit on Connected Cost:

Connected Cost

Foremost among these (extended technology capabilities) was Conject’s Financial Control module, a mature construction project cost management application that, in its early days, had helped differentiate BIW from its UK rivals.

Coupled with Aconex’s July 2015 acquisition of US-based vendor Worksite from ARES Project Management Ltd (which “brought us forward several years in being able to get Connected Cost to market”), Aconex now had a strong cost management team (Jasper singled out one-time Conject professional services director Nick Sansome; post) and a powerful cost tool.

Aconex Connected Cost was Beta tested with some customers then made generally available in late 2016 ahead of an April 2017 marketing push.

It enables Aconex to compete with US-based vendors whose systems have historically been stronger on cost control than on document collaboration. It was proving a strong differentiator, Jasper said.
“We are seeing really big interest, and a number of deals have already been done on the product. [American carmaker and energy storage company] Tesla is now a customer of ours and is one we wouldn’t have got without Connected Cost, so it’s helping us win more work, and it’s really important to our customers.

Particularly in the US, cost is more important to them than collaboration, and I think our cost product is the best SaaS solution on the market, particularly when you compare it to some of the products built 10 or 15 years ago.”

(Coming soon, the second part of this interview includes discussion of BIM, mobile and of growth if construction embraces digital transformation.)

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This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.