Market Insights by SEG: Oracle Acquired Aconex

SEG Sector Deals provide transaction highlights, relevant insights, and SEG’s perspective on interesting M&A deals within the software industry. 

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 Multiple205.9x
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.