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Felix snares tech guru who sold his company to Oracle for $1.6b

Business

Brisbane construction technology company and ASX debutant Felix Group has snared Aconex co-founder Robert Phillpot to its board in another coup for the sector.

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Phillpot sold Aconex to Oracle for $1.6 billion in 2018 and now heads up private equity and venture capital company Gravel Road Ventures.

His role with Felix will be his first external board role since the Oracle deal and follows the appointment earlier this week of electric vehicle battery pioneer Jeff Dahn to Brisbane materials company Novonix.

Significantly, Aconex was in the same sector as Felix in servicing the construction industry through cloud solutions.

Phillpot 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. “I am looking forward to working closely with the Felix management team to do so”.

Felix chair Michael Bushby said Phillpot’s entrepreneurial skills in driving innovation and efficiency in the construction software industry, and his passion for disruptive and game-changing tech, were well suited to the company.

Felix was listed on the ASX earlier this month after raising $12 million in its initial public offering. It operates a cloud-based enterprise Software as a Service (SaaS) and marketplace platform for the commercial construction and related industries.

 

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