Recently, it was announced that Oracle, a global provider of digital enterprise storage solutions, would purchase Aconex, a well-known Australian construction project management platform. The deal is set to be closed during the first few months of 2018 and is valued at over $1.2 billion.
Australian company, Aconex, is a popular cloud-based software solution for the engineering and construction industry. The company has truly transformed the world of building and construction with a wide range of SaaS products. The software has grown and expanded over the years to address the needs of many industries including oil and gas, mining, energy and many others. It streamlines the construction process helping supervisors and workers alike to maintain clear direction throughout every project.
Expansion for Oracle
The acquisition of Australia’s Aconex, broadens the scope of Oracle’s already expansive offering. Oracle company leaders believe that the addition of this product will result in a cost-effective end-to-end solution for project managers. The software includes planning, building, operating, maintenance and all phases of the average construction project.
Oracle will continue to build out the Aconex platform to handle even the most advanced construction projects. With many of the world’s builders now looking for innovative construction ideas, the industry has truly grown over the past 20 years.
Dubai has so far led the world in unique and unusual building designs. The country has numerous one-of-a-kind high-rise office buildings. These superb buildings often take odd shapes such as crescents and spirals. Though magnificent, they add a definite layer of complexity to their construction. The Aconex software can handle these incredible projects even on a large-scale basis.
Construction project management
Mike Sicilia, SVP and GM at Oracle commented that, “Oracle Construction and Engineering Cloud already offers customers the industry’s most advanced solutions for planning, scheduling and delivering large-scale projects.” He went on to say that the company had plans to provide even more comprehensive cloud-based products. He believes the acquisition will enable Oracle to become a major player in the $14 trillion-dollar cloud-based construction project management industry.