Shui On Land Selects Aconex for $1.6B Shanghai Project

SHANGHAI, CHINA--(Marketwire - Dec 11, 2012) -   Aconex, provider of the world's most widely used online project collaboration solutions for the construction, infrastructure, power, mining, and oil and gas industries, has been selected by Shui On Land Limited to support the Knowledge and Innovation Community (KIC) project in Shanghai, valued at CNY 10 billion (US$1.6 billion). The Aconex cloud-based collaboration platform will be used to accelerate delivery of the mega-project by streamlining communications and information exchange among all project team members.

KIC is a mixed-use development which will create a modern "live-work-play community" with office, retail, residential, entertainment, and recreational facilities. Located in Shanghai's Yang Pu district, the development will cover 84 hectares.

Shui On Land anticipates that hundreds of thousands of drawings, documents and correspondence items will be exchanged by team members around the world during the project's design and construction phases. The Aconex online collaboration platform will enable all participants to instantly access, distribute, track, and archive their information, using one secure, neutral, centralized system.

Charles Chan, executive director of Shui On Land and project director for KIC, said:
"Placing strong emphasis on education, technology, culture, research, and business incubation, KIC will be a multi-function community for people to live, study, work, and relax. Efficient team information management and communication will be important in delivering all areas of this project, so we are pleased to select Aconex."

Shui On Land -- "Total Community" Projects
Established in 2004, Shui On Land Limited is the flagship property development company of the Shui On Group in China. Shui On Land develops, sells, leases, manages, and operates innovative and high-quality residential, office, retail, entertainment, and cultural properties on the Chinese mainland. Shui On Land applies its hallmark approach of master planning to all projects to ensure that developments are fully consistent with government objectives in economic development and urban planning, while simultaneously incorporating local historical and cultural characteristics in its designs and planning. All projects manifest the "Total Community" concept. Endowed with a full range of modern facilities for residential, office, retail, entertainment, and leisure use, Shui On Land's projects provide a unique "live-work-play" environment. The company's signature concept of "Xian-Tian-Di" (New Heaven and Earth) is well-known for its distinctive commercial, residential and mixed-use developments which preserve Chinese culture.

Andy Lake, general manager of Asia at Aconex, said: "We're seeing high demand for our solutions in China, as more and more companies experience the benefits of online project collaboration. Some 25,000 industry professionals in Greater China use the platform to manage their project information, and we expect this figure to grow rapidly over the next few years."

About Aconex
Aconex provides the world's most widely used Software-as-a-Service (SaaS) platform for managing information, processes and people throughout the life cycle of construction and engineering projects across multiple industries. The Aconex suite of solutions -- secure, neutral and centralized -- enables owners, contractors and project managers to reduce the cost and risk inherent in capital projects of all sizes and improve efficiency, productivity and accountability for all project participants. Aconex has served projects valued at more than US$600 billion, with over 280,000 users. Customers include nine of the world's top ten engineering procurement and construction (EPC) firms, 23 of the 25 largest global design firms, and nearly all Fortune 500 construction and engineering firms. For more information and examples of Aconex in action, see www.aconex.com. Follow Aconex on Twitter at @aconex and on LinkedIn at www.linkedin.com/company/aconex.