Procore Office now open in Sydney, page-6

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JayWin

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02/04/17

12:27

Post #: 23797149
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Originally posted by jhunt ↑

Ok. Well they are on their way to Sydney it seems. At least, they have 3 job ads up on Seek.

(Procore Ad).

So I would say they are currently looking for an office and looking to hire and train Australian staff. From the ads, these people will probably be new to the industry and clearly may also find it difficult working for an American company that doesn't have a strong understanding of either the Australian culture or work ethic or the Australian construction industry. Really, their first overseas office.

As @The Curse mentioned, They were probably the most aggressive salesmen out of the different exhibitors. This approach may not work so well in Oz.

In Australia, 65% of Aconex's business already comes from long term, well established enterprise agreements with companies like Multiplex, Lendlease, CIMIC, John Holland, Salini Impregilo, Lahey's, Kane, Fletcher, Stockland and more, so I would say that on balance, Procore will just end up helping to till the technology awareness field for Aconex.

They are pretty much 16 years late to the game here.

Thanks in advance, Procore!

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

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I do hope Aconex signs many more EAs with the remaining big players so that Procore is left with the smaller and medium sized firms.

Do you know what other big fish is still not with Aconex? I think there's still a fair few? I would really like Aconex to also sell their product with a bit more aggression can't hurt!

ACX Price at posting: $3.93 Sentiment: Buy Disclosure: Held
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Procore Office now open in Sydney, page-6

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Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

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Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

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