Free Aconex for large contractors. Did they pay CIMIC to use...

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Nightmarez3k

6,153 Posts.

241

02/02/17

19:16

Post #: 22331096
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Originally posted by jhunt ↑

The main point is that Dropbox, Sharefile, and even Procore are not competitors at all when it comes to enterprise agreements with the bigger players, like AECOM, Bechtel, Fluor, Brookfield Multiplex, Lendlease, CIMIC, Exxon Mobil, Burns & McDonnell, Salini Impregilo, John Holland, Fletcher, Lahey's, Graham Construction, Chiyoda Group, Mace etc, etc- Aconex has to complete multiple projects with them before they sign (and resign) these all project deals.

Companies like Brookfield Multiplex have been using Aconex for over 10 years.

And it really is enterprise agreements that are more and more driving new project growth. Around 40% now and rising quickly.

For the smaller players, where Procore sits, there is clearly some more work to be done and Aconex also needs to move adroitly to lock in more of the mid tier contractors, like Lahey's. That's the message here.

Thanks @NewToItAll An Aconex Lite version. Interesting.

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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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Free Aconex for large contractors.

Did they pay CIMIC to use their product? I acquire your software you sign 5 year service.

Small contractors pay the price. Coercision.

Hence no profit atm. Land grab? Investing in the future? Great product for basicly free. SAAS. Indeed.

Last edited by Nightmarez3k: 02/02/17

ACX Price at posting: $2.92 Sentiment: Buy Disclosure: Held
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