It has been a long journey since Australia-based construction management software maker Aconex was acquired by Oracle last December in a $1.2-billion deal.
Looking to bolster development of new technologies for construction and give industry players a place to test new products, Oracle has created a Construction and Engineering Innovation Lab.
California-based Oracle Corp. on Dec. 17 announced that it has entered into an agreement to buy Melbourne, Australia-based Aconex Ltd., a company that offers a cloud-based system for managing construction-team collaboration, for $7.80 per share in cash.
