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.