Announced
Financials
Tags
web-based collaboration
mobile
Software
Australia
Public
Friendly
Single Bidder
Acquisition
Synopsis
Oracle Corp, a computer software developer, acquired Aconex, a leading cloud-based solution that manages team collaboration for construction projects, for $1.2bn. “Delivering projects on time and on budget are the highest strategic imperatives for any construction and engineering organization,” said Mike Sicilia, SVP and GM, Construction and Engineering Global Business Unit, Oracle. “With the addition of Aconex, we significantly advance our vision of offering the most comprehensive cloud-based project management solution for this $14 trillion industry.”
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.