SOURCE: Aconex Limited

Aconex Limited

June 30, 2015 09:00 ET

Aconex Signs Enterprise Agreement With Lendlease

MELBOURNE, AUSTRALIA--(Marketwired - Jun 30, 2015) - Aconex Limited (ASX: ACX), provider of a leading cloud collaboration platform for the global construction industry, today announced that it has signed a three-year enterprise subscription agreement with Lendlease (ASX: LLC), a leading international property and infrastructure group. The agreement will standardize the use of Aconex across Lendlease's Building business in Australia and initially its major construction projects in Asia, while making the platform available to other business units globally.

Under the enterprise agreement, Lendlease will use Aconex to fully automate its project collaboration and information management processes and to enhance its mobile capabilities. The Aconex platform will be used for the entire project lifecycle, from feasibility and design through construction, inspections and handover, providing enhanced data capture and utilization as well as related efficiencies in the business.

Aconex plans to invest in the Lendlease corporate relationship with the addition of product functionality that it believes will benefit all Aconex customers and users worldwide. This investment is expected to moderately increase Aconex operating costs for research and development in the next 12 months. Over the medium term of 1-3 years, Aconex will also invest in sales and marketing with the addition of account management resources in its international regions to drive long-term growth.

"We're pleased with the opportunity to take our long-time project relationship with Lendlease to the next level with this unlimited enterprise subscription agreement," said Aconex CEO Leigh Jasper. "The deal represents an important validation of our industry leadership position not only in the Australia and Asia regions, but globally as well. We believe it will significantly expand our global user network and drive new business with Lendlease and its many project partners."

About Aconex
Aconex Limited provides a leading cloud collaboration platform for the global construction industry. This platform gives owners and contractors in the construction, infrastructure, and energy and resources sectors project-wide visibility and control between the many different organizations collaborating across their projects. With more than 50,000 user organizations and approximately A$1 trillion of project value delivered in more than 70 countries, Aconex is the industry's most widely adopted and trusted platform. Founded in 2000, Aconex has 41 offices in 22 countries around the world, including headquarters in Melbourne, Australia, and San Francisco, California. The company's ordinary shares are traded on the Australian Securities Exchange (ASX) under the ticker code ACX.

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Forward-Looking Statements
This news release includes certain forward-looking statements that are based on information and assumptions known to date and are subject to various risks and uncertainties. Actual results, performance or achievements could be significantly different from those expressed in, or implied by, these forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Aconex. These factors may cause actual results to differ materially from those expressed in the statements contained in this announcement.

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