On June 10, 2016, Oracle completed the acquisition of Textura, a leading provider of construction contracts and payment management cloud services.
Textura's cloud services process $3.4 billion in payments for over 6,000 projects each month, helping keep projects on time and under budget while reducing risk for developers, contractors and subcontractors. Textura offers its cloud services in a consumption model preferred by the engineering and construction industry whereby the companies involved pay based on project activity. Further, usage of Textura's cloud services creates a network effect that benefits all participants as more than 85,000 general and subcontractors are connected to the platform.
Oracle Primavera offers a complete suite of cloud solutions for project, cost, time and risk management. The Oracle Primavera flagship products have been completely re-architected for the Cloud, and the result is a set of cloud services that are growing rapidly as construction and engineering companies embrace digital transformation. Together, Oracle Primavera and Textura will form the Oracle Engineering and Construction Global Business Unit offering a comprehensive cloud-based project control and execution platform that manages all phases of engineering and construction projects.
8,000+ general contractors, owners/developers and architects, and 500,000+ subcontractors, have used our solutions to lower costs, save time and reduce risk across the entire construction project lifecycle.
Our clients have used one or more of our solutions to help manage 25,000+ commercial construction projects representing more than $270 billion in construction value.
To expand our portfolio of subcontractor solutions, Textura acquires PlanSwift®, a well-known digital takeoff and estimating solution.
Textura launches BidOrganizer® to enable strategic bid management. The new online solution prioritizes, tracks and schedules bid invites, enabling contractors to identify and focus on their best opportunities.
Textura acquires Latista®, a BIM-enabled mobile and cloud solution for documents, commissioning, quality, punch list and safety management.
Textura goes public in a June 7, 2013, IPO. Shares trade under the symbol TXTR.
Crain's Chicago Business names Textura one of the most innovative Illinois companies.
Textura launches Textura Australasia, bringing our market-leading Construction Payment Management™ solution to Australia and New Zealand.
Textura acquires GradeBeam®, expanding our application suite to include an invitation-to-bid solution that securely connects hundreds of thousands of construction companies in real time.
To complement the acquisition of GradeBeam®, Textura acquires Submittal Exchange®, a collaboration solution for exchanging, reviewing and archiving construction submittals and other communications.
Textura is selected as one of ENR magazine's Top 25 Newsmakers.
Textura unveils the Pre-Qualification Management™ (PQM™) solution. Using Textura's cutting-edge collaboration platform, the PQM solution connects owners, general contractors, subcontractors and suppliers by automating and streamlining key pre-qualification activities and processes.
As our rapid growth continues, Textura relocates to new corporate headquarters, opening a 63,000-square-foot state-of-the-art facility in Deerfield, Illinois.
Driven by a desire to facilitate collaboration, improve productivity and enhance efficiency across the industry, Textura works closely with construction experts to create our flagship solution, Construction Payment Management™. CPM®, the construction industry's first online payment management solution, in just a few years becomes the industry standard.
Textura Corporation is founded by three PricewaterhouseCoopers partners — Patrick Allin, William Eichhorn and Howard Niden — who realized the construction industry was still reliant on manual, paper-laden processes and had yet to embrace the benefits of online technology.
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