Extracted from the AGM transcript, here's what Leigh Jasper had...

Extracted from the AGM transcript, here's what Leigh Jasper had to offer about their strategy. I like it.

• Aconex serves a large and unpenetrated market, but one showing increasing technology adoption.
• The construction market is massive, at over US$9.5 trillion currently and expected to grow in line with GDP growth around the world.
• There are positive industry dynamics at play in the construction and infrastructure market;
  • Projects are getting bigger and more complex, for example, mega projects, those over $1 billion, are now 21% of the market compared to 4% back in 2005.
  • Project delivery methods are also evolving with more design and construct contracts, increasing numbers of public and private partnerships and integrated project delivery teams.
  • Compliance requirements, often driven by government, continue to increase and the industry is consolidating.
  • Technology adoption is rapidly increasing, even for a market which has lagged other industries in the use of technology.
  • As in other industries, there is a move to cloud-based computing and software-as-a-service systems.
  • Mobility and Field is taking technology out to the worker on the construction site.
  • Use of BIM, Building Information Modelling, is growing and security is more important than ever.
  • More devices are being connected through the Internet of Things with the potential to integrate data on one platform.

• Overall, this is leading to an explosion of data and the opportunity for our customers to use this data to generate insights to improve performance.
• This large and growing market, the industry dynamics and increasing technology adoption, provide significant opportunity for Aconex.
• We're the number one cloud collaboration platform for digital project delivery and in the prime position to realise this opportunity.
• Aconex is the market leader and uniquely positioned for growth, set apart from the competition in many ways;
  • Starting with our business model, we are simply the best at connecting project teams together - we have the largest network and the only truly neutral platform for delivering projects.
  • Aconex has established itself as the industry's most trusted digital project delivery platform. I believe we have created this through four unique aspects of our platform;
    • We have the broadest suite of applications, built through continued investment in our product and working closely with our customers who are recognised global leaders.
    • We have the most easily adaptable platform, that is, easy to set up and easy to configure to the needs to all sorts of different customers and projects.
    • Aconex has the most secure platform. We are by far the market leader in security in our space.
    • We have an open ecosystem, allowing our customers to connect their systems and other applications into the Aconex platform.
• Aconex prides itself on our customer focus and we have an incredibly experienced team working globally to deliver projects.
• Ultimately, this means for our customers,[that] Aconex delivers the most fully connected processes, creates the largest data set in the industry and enables the deepest insights.