Aconex co-founder Robert Phillpot has joined the board of leading Australian construction tech company Felix Group Holdings (ASX: FLX) representing Mr Phillpot’s first public board membership since his position at tech giant Oracle.
The company Mr Phillpot co-founded, Aconex, was acquired by Oracle in 2017 for $1.6b, marking the largest technology acquisition in Australian history. He said Felix was at the “right growth point” in its journey for him to join the company.
“I am a big believer in construction tech and the ability to positively re-shape an industry,” he said.
“Felix has a solid foundation, a good suite of clients, and a long path ahead of it. I’m excited about the product and looking forward to making a difference in the sector,” he said. "And I am looking forward to working closely with the Felix management team to do so".
Mr Phillpot said Felix helps to solve a myriad of challenges in the construction, infrastructure and resources space.
"Felix helps provide access to the right quality suppliers, with the right experience. Its systems ask the right questions to ensure compliance, giving peace of mind of contractors and minimising headaches for suppliers. All of this helps achieve the right match between a contractor and vendor, and ultimately, a successful project.“
Felix Chairman Michael Bushby said Mr Phillpot’s appointment to Felix was well aligned.
“We are thrilled that Mr Phillpot has joined the Felix Board. His entrepreneurial skills in driving innovation and efficiency in the construction software industry, and his passion for disruptive and game-changing tech, are well suited to Felix and the company’s direction”.
Felix CEO Mike Davis welcomed the appointment and said “I am looking forward to working closely with Rob, whose experience and expertise will benefit the entire management team”.
Felix Group announced the appointment at 9.34am AEDST via the ASX after Mr Phillpot was unanimously voted in during a Felix board meeting.
Felix was listed on January 12, 2021 following a heavily oversubscribed IPO in which it raised $A12 million in November 2020, marking the first tech company to be listed on the ASX in 2021.
Felix operates a cloud-based enterprise Software as a Service (SaaS) and marketplace platform for the commercial construction and related industries. Felix connects Contractors and their third-party Vendors, automating and streamlining a range of critical procurement-related business processes.
Further information contact Sophie Frayne 0413305248 or firstname.lastname@example.org.
Leading Australian cloud-based software-as-a-service (SaaS) enterprise platform Felix (ASX: FLX) is expected to list on the Australian Securities Exchange (ASX) tomorrow, 12 January 2021, following a $A12million Initial Public Offering (IPO) at $.36c a share, giving Felix a market capitalisation of $A47million.