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.”