Aconex: A genuine opportunity to become a global leader

It is rare to find an Australian technology stock with a genuine opportunity to become a dominant global leader in its field. Aconex (ticker ACX) is just that. ACX is a cloud-based software-as-a-service platform for the global construction and project management industries. The platform allows users to efficiently manage the incredibly complex interplay between asset owners, constructors, employees, sub-contractors, and other critical service providers with efficiency and accuracy. It essentially collapses the massive document stream and communication flows that exist on large construction projects down to a single platform and, in the process, ensures error-free compliance and greatly improves the odds of delivering a finished product on-time, on-budget, and within spec. Whilst competition exists, we ultimately believe it is likely that one service provider will become industry standard. With ACX having the biggest R&D spend, and with strong validation recently provided by an enterprise contract win with the world’s most influential engineering construction firm – Bechtel – we believe ACX is well placed to become that industry standard.