When Leigh Jasper was helping out in his dad’s car business, as a kid in north-eastern Victoria, he of course couldn’t foresee that he would create and build one of Australia’s great innovation success stories of recent years. But that’s exactly what Jasper, with co-founder and long-time mate Rob Phillpot, did when the pair came up with the idea that the project management part of what they saw as the messy, uncoordinated and document-heavy construction sector needed streamlining, to help the industry itself become more efficient. They created Aconex in 2001 as a web-based platform where all documents relating to a project build could be stored and accessed on one digital platform, by every participant in the project, from the owner and builder right through to all sub-contractors. Aconex suddenly offered better transparency, improved cost controls for all participants in a building project, thereby reducing risks of cost overruns and delays or disagreements. Within 2 decades Aconex grew to become an ASX 200 listed public company, offering their SaaS (software as a service) product to massive engineering, construction and infrastructure projects across global markets. Projects like the large 3rd lock expansion to the Panama Canal, and the Marina Bay Sands complex of buildings dominating the Singapore skyline. Before selling out eventually in 2018 to US giant Oracle, which valued Aconex at over $1billion, company revenue hit almost $200million. So how did they do it? Well like many great success stories, it started with a lightbulb moment. Enjoy Part 1 of my chat with Leigh Jasper.
See omnystudio.com/listener for privacy information.
Build It. They'll Come.