In this audio interview, Aconex CEO Leigh Jasper talks about how a $107.5 million investment in the Melbourne-based software-as-a-service firm by US giant Francisco Partners came about, the history of Aconex, and taking an Australian IT firm to the next level.
Aconex CEO Leigh Jasper
Jasper says Aconex was founded in 2000 after a particularly memorable game of squash sparked a great idea: supplying online document management, Web collaboration and project management services to construction projects using a cloud-based business model.
Over the last eight years the company has grown to 350 staff and has 37 offices around the globe. It now counts most of the major construction and engineering companies in Australia (such as Brookfield Multiplex and Grocon) amongst its customers.
Aconex will use the Francisco Partners funding, announced this morning, to hire around 50 new staff to develop its products further, as well as hunting for acquisition targets.