Sunday, April 17, 2016
Wednesday, April 13, 2016
Monday, April 11, 2016
Sunday, April 10, 2016
Friday, April 08, 2016
- principles of established science; and
- proceeds from hypothesis to experiment, observation and evaluation, and leads to logical conclusions
- that are conducted for the purpose of generating new knowledge (including about creating new knowledge or improved materials, products, devices, processes or services).
Wednesday, April 06, 2016
Aconex was Leigh Jasper's idea and dream in 2002 when a bunch of us went on a Vic Govt sponsored programme to Berkeley Haas Business School with uncle Bob Beaumont .
The outcomes of that initiative have been nothing short of phenomenol!!!
MELBOURNE, AUSTRALIA, and MUNICH, GERMANY--(Marketwired - Apr 5, 2016) - Aconex Limited (ASX: ACX), provider of a leading cloud and mobile collaboration platform for the global construction industry, today announced that the acquisition of Conject Holding GmbH, announced on 17 March 2016, was completed with effect from 1 April 2016.
Conject is a leading cloud and mobile collaboration service provider in Europe and other regions. The acquisition is expected to be significantly accretive to Aconex earnings per share (EPS) for the financial year ending 30 June 2017, excluding the amortisation of intangibles related to the acquisition and one-time transaction and restructuring costs.
Completion of the acquisition follows the satisfaction or waiver of conditions precedent and other completion requirements. These requirements included financing of the acquisition through an institutional placement of new Aconex ordinary shares.
On 17 March 2016, Aconex raised approximately $120.0 million through the issue of approximately 23,076,924 fully paid, ordinary shares at an issue price of $5.20 per share. In addition to the acquisition of Conject for a total cash consideration of EUR65 million (A$97 million)1, the proceeds of the placement will be used to fund one-time acquisition and integration costs and provide additional working capital for the Aconex group.
"We're pleased to have completed the acquisition of Conject, and we look forward to welcoming their employees, integrating their operations and serving their customers," said Aconex CEO Leigh Jasper. "The transaction will significantly expand our market penetration and user network throughout Europe, and further consolidate our position as a leader in the global market for cloud-based construction collaboration solutions."
Mr. Jasper continued, "In addition to driving Conject's revenue growth within the combined business, we believe that we can greatly improve their operating performance and margins over time by leveraging our global infrastructure. The acquisition reinforces our strategic focus of growing the network, expanding product breadth and driving scale, and we expect it to deliver long-term value to Aconex customers and shareholders."
Aconex Limited provides a leading cloud collaboration platform for the global construction industry. This platform connects owners, contractors and their project teams in the construction, infrastructure, and energy and resources sectors, providing project-wide visibility and control between the many different organisations collaborating across their projects. With more than 60,000 user organisations and over $1 trillion of project value delivered in more than 70 countries, Aconex is the industry's most widely adopted and trusted platform. Founded in 2000, Aconex has 41 offices in 22 countries around the world, including headquarters in Melbourne, Australia and San Francisco, California. The company's ordinary shares are traded on the Australian Securities Exchange (ASX) under the ticker code ACX.
For more information on Aconex, please visit:
· Website: http://www.aconex.com
· Twitter: http://www.twitter.com/aconex
· LinkedIn: http://www.linkedin.com/company/aconex
· Facebook: https://www.facebook.com/Aconex
Conject, the Infrastructure Lifecycle Management (ILM) Group, was founded in 2000 and is today a leading provider of enterprise and project collaboration solutions to the largest construction and infrastructure markets in Europe, which in the aggregate constitutes the largest regional market after Asia. Headquartered in Munich, Conject currently has approximately 210 employees located in 12 offices in nine countries. The company has served large, complex capital projects throughout Europe and other regions, with a customer base of more than 670 asset owners/operators and contractors and users in approximately 50 countries. Major customers include ArcelorMittal/Nippon Steel and Stiftung Zollverein in Germany, Bank Austria, the National Grid and the University of Manchester in the U.K., Groupe Vinci and BNP Paribas Residentiel in France, Mace in Poland, Spectrum Holding in Russia, Hyundai in the United Arab Emirates, and Changi Airport Authority in Singapore.
1 Conversion from EUR to AUD at 0.6704.
The program will assess the factors that lead to success for Asia's emerging companies: talent, team, technology, business model, capital, profitability, and global/regional impact. Several founders who were profiled in the recent Forbes Asia issue, 30 under 30, will take the stage to tell how they are getting ahead in today's competitive marketplace with disruptive technologies and business models. A panel of venture capital and corporate investors who have financed these startups will tell the reason and will provide an outlook on these upstarts' future -- IPO, M&A deal, expansion to the West.
The conference includes such prominent venture capitalists as Thomas Tsao of Gobi Partners from Beijing, James Cen Bonsor of Fosun Capital from Shanghai and Jeffrey Paine of Golden Gate Ventures from Singapore. Corporate investors and strategists Grace Yun Xia of Tencent, Cindy Chow of Alibaba Entrepreneurs Fund and Shalini Sujanani of ING round out an investor and dealmaker panel.
Startup founders featured at the event span such sectors as fintech, energy, social enterprise, IoT, enterprise technology and the sharing economy. Tech chats with these entrepreneurs reveal how their emerging businesses attracted capital from Asia's leading startup investors.
Now in its fifth year, this annual event is led by Silicon Dragon founder Rebecca Fannin, an expert on global innovation trends, a Forbes contributor, and author of two well-received book about startups – Silicon Dragon (McGraw-Hill, 2008) and Startup Asia(Wiley, 2011).
The Silicon Dragon conference brings together business leaders, entrepreneurs, venture capitalists, angel investors and leaders of the startup ecosystem for discussions on what's next in Asia's emerging tech and venture markets. Participants will gain insights on how to raise financing and develop strategies to succeed in the region and in leading innovation hotspots such as Silicon Valley.
Forbes, Startup Asia
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About Silicon Dragon
Silicon Dragon runs a series of tech innovation and venture investment forums in Asia, the U.S. and Europe, publishes e-newsletter Silicon Dragon News, and develops thought leadership reports. Formed in 2010 by author and Forbes contributor Rebecca Fannin, Silicon Dragon is based in San Francisco and New York, and reaches 25,000 business and tech professionals globally.
5 Apr 2016 | April Glover | Comment now
Australia’s biggest online book retailer Booktopia has revealed plans to push ahead with efforts to float on the ASX, despite the looming threat of global book giants.
Booktopio is targeting a $150m IPO in the second half of 2016, and is reportedly set to go ahead in the face of competing UK retailer The Book Depository’s plans to expand in Australia.
Booktopia appointed investment banks Ord Minnett and Morgans as advisers to lead the charge towards a potential float in the late months of this year.
The company was launched in 2003 and is family-owned headed by chief executive Tony Nash, who says Booktopia is ‘unfazed’ by Amazon-owned The Book Depository’s threat.
According to reports, Booktopia’s share of the local online book market is now more than 80 per cent following its acquisition of Penguin Random House’s Bookworld.
Last year the retailer also acquired the online arm of closed book store Angus and Robertson.
Booktopia’s IPO ambitions trail a strong period for printed books sales in Australia, with 55.4 million paper books sold in 2015 which was the first yearly growth since 2008.
[Related: Books on demand trend]
The migration away from bricks-and-mortar bookstores to an online delivery market has also boosted growth for retailers such as Booktopia.
The online book retailer, along with competing businesses US based Amazon and UK’s The Book Depository have undergone a sales renaissance while book chain stores such as Borders and Angus and Robertson suffered closures.
Statistics from industry analyst IbisWorld state the global online book retail market has experienced 15 per cent yearly growth.
Booktopia ships some four million books per year from its warehouse headquarters in Homebush, Sydney.