Aconex secures $107.5 million growth financing deal | Aconex

The investment represents one of the largest private equity capital raisings by an Australian technology company. The investment in product development will see the creation of around 50 new positions within the company’s software engineering team. They have invested in sectors that are adjacent and complementary to ours, including project management and asset management software serving the construction and mining services sectors, and have extensive experience in assisting technology companies to structure and prepare for initial public offerings.” Leigh Jasper, CEO and co-founder of Aconex, said: “The funding will allow Aconex to continue to grow rapidly and to consolidate its position as the clear global leader in its field. “In anticipation of this investment, we have also put together a team that is evaluating acquisition opportunities, including vendors of products complementary to ours that can add value to our clients.” Jasper added: “We look forward to Francisco Partners being involved in the business and to their joining our existing shareholders, who have been extremely supportive as we’ve grown to this point.” With nearly US$5 billion of committed capital and offices in San Francisco and London, Francisco Partners is one of the world’s largest technology-focused private equity funds. We look forward to supporting Aconex as it sets the standard in an expanding collaboration marketplace.” Listen to ZDNet podcast - Renai LeMay interviews CEO Leigh Jasper about the recent growth funding.