IKEA Selects Aconex for Refurbishment of Flagship London Store

LONDON, November 17 - Aconex, the world's largest provider of project collaboration solutions
to the construction industry, has been selected by home furnishing retailer
IKEA to provide its service to the company's flagship store refurbishment in
Wembley, London.

Aconex provides a central, web-based platform for managing project
information such as drawings, documents and correspondence. By using the
system, IKEA and its project partners will be able to access, distribute,
track and archive their files in real-time, from any location and at any
time.

The comprehensive refurbishment of IKEA Wembley involves the upgrade of
virtually all areas of the store. A new 6,000 square metre showroom has been
constructed with 60 new display rooms and six complete display homes. In
addition, 40 new check-outs have been built, along with a new children's play
area, and a new 1,000 square metre restaurant. The new restaurant will be
able to accommodate 600 people - making it one of the largest restaurant
spaces in London.

Steve Pettyfer, UK Construction Manager at IKEA UK, said, "The
refurbishment of our store involves the close collaboration of a number of
specialised firms from across the UK. Each one of these firms required a
central system so that they can easily share information with one another."

Pettyfer added, "Aconex has enabled us to cut down on our paper usage as
the bulk of our documentation is electronic, helping to reduce our costs and
impact on the environment."

Aconex has been previously used by IKEA for the construction of seven
stores in China as well as store developments in Australia. These projects
used the system to manage tens of thousands of documents and mail items each
month.

Yuval Attias, Aconex Regional Manager Europe, said, "Having information
centrally stored and easily retrievable is important on any project, as it
streamlines communication processes and enables documents and drawings to be
reviewed and approved in a timely manner. This promotes efficiency and
minimises the risk of miscommunication and information loss, as well as
costly disputes, rework and delays."

Aconex, www.aconex.com, is the world's largest provider of project
collaboration solutions to the construction and engineering industries. The
company services 150 billion pounds Sterling worth of projects across 65
countries. Its clients include Brookfield, Morgan Ashurst, Multi Development,
Farrans Construction, Chorus Group and McDonald's Restaurants.

    CONTACT: Will Turbet
             +61-3-9240-0200
             wturbet@aconex.com

Will Turbet of Aconex, +61-3-9240-0200, wturbet at aconex.com