Australia’s Aconex has been acquired by enterprise tech giant Oracle for $1.2B (9.7x EV/Revenue). Aconex is a leading provider of cloud collaboration software services for the construction industry, and has been used in over $1 trillion in projects across 70,000 user organizations in over 70 countries. The acquisition will further enhance the Oracle Construction and Engineering Cloud, offering customers an end-to-end project management platform.
Brief Transaction Details:
| Total Transaction Value (B) | $1.2 |
| Enterprise Value (B) | $1.2 |
| TTM Seller Revenue (m) | $123.5 |
| TTM Seller EBITDA (m) | $5.8 |
| TTM Revenue Multiple | 9.7x |
| TTM EBITDA Multiple | 205.9x |
Seller Business Description:
Aconex is a leading provider of cloud collaboration software services for the construction industry. HQ: Melbourne, Australia
Buyer Business Description:
Oracle is a provider of comprehensive and fully integrated cloud applications and platform services for enterprises. HQ: Redwood Shores, CA See Press Release.