Adds Leading Construction Contracts and Payment Management Cloud Services to the Oracle Engineering and Construction Industry Cloud Platform MUNICH (April 28, 2016) – Textura Corporation (NYSE: TXTR), a leading provider of construction contracts and payment management cloud services, today announced that it has entered into a definitive agreement to be acquired by Oracle. Under the terms of the agreement, Textura shareholders will receive $26.00 in cash per share of common stock they hold. The transaction is valued at approximately $663 million, net of Textura’s cash. Textura’s cloud services process $3.4 billion [...]
Global Construction 2030 is the fourth in a series of major global studies of the construction industry published by Global Construction Perspectives and Oxford Economics. The report provides forecasts of growth and gives analysis for all major construction markets globally to 2030 and also provides forecasts and analysis for infrastructure, housing and non-housing sectors globally and for key regions and markets.
Payment still remains the most emotive issue in construction and all too frequently forces perfectly healthy companies into administration when invoices are not paid on time. Textura Europe and Construction News brought contractors, consultants and experts together to debate solutions and ask what role new technologies and government measures should play. Participants: Ian Armstrong, managing director, Greensill Capital Paul Bamforth, UK managing director, Textura Europe Sean Bradley, commercial director, Bam Construction Steve Button, group procurement manager, Lakehouse Rob Driscoll, head of department, B&ES Graham Dundas, deputy chief finance officer, Willmott [...]
More than a third of main contractors, subcontractors, clients and consultants are paid more than 60 days after issuing invoices, according to a survey shared exclusively with Construction News. Recent research by Textura Europe asked construction firms anonymously how long they typically took to pay suppliers and how long they waited to receive payment themselves. Moreover, the survey highlighted potential cost savings achieved through the digitisation of the construction payment process. See the feedback from the respondents and the results in detail.
SLOUGH, United Kingdom, June 29, 2015 – The Building & Engineering Services Association (B&ES) and its umbrella body, the Specialist Engineering Contractors’ Group (SEC Group), have formally announced their support for Textura Europe® and its Textura-Construction Payment Management™ (CPM™) platform, incorporating the Early Payment Program™ (EPP™), as a tool for improving payment practices within the construction industry. B&ES, formerly the Heating & Ventilation Contractors’ Association, represents the interests of UK businesses active in the design, installation, commission and maintenance of building services engineering systems, products and equipment. B&ES’s 1,400 corporate [...]
The construction industry contributes £92 billion a year to UK economic output and employs more than 2.1 million people. But with the global construction market forecast to grow more than 70 per cent by 2025, the sector must focus its efforts on longer-term talent acquisition, remedying its poor public image and closing the skills gap. This report explores the UK's housing crisis, the future of digital construction, building technologies, sustainable design and London’s skyline, as well as ten construction innovations to watch. Furthermore, read also how an improved management and [...]
Textura Europe offering field management, green building solutions to optimise performance of development projects
MUNICH, Germany, 8 June 2015 – Textura Europe®, the European arm of leading construction collaboration solutions provider Textura Corporation, is now offering the German building industry software solutions that enable collaboration and improve outcomes in the areas of green building and construction field management. Textura’s Greengrade™ LEED management software facilitates LEED certification of international projects with a uniform standard and a direct link to the software of the U.S. Green Building Council (USGBC). A Software-as-a-Service (SaaS) solution, Greengrade streamlines processes and enhances communications by connecting those involved in the project [...]
SLOUGH, United Kingdom, May 26, 2015 - Textura Corporation (NYSE: TXTR), a leading provider of collaboration solutions for the construction industry, announced that it is moving forward with its drive into Europe with the appointment of long-time technology executive Paul Bamforth as UK Managing Director of Textura Europe®. Bamforth has an extensive career in technology sales and management. Among other roles, he served as Managing Director for Asta Development, the developers of Asta Powerproject, which is used by the majority of the leading UK construction firms. Later, he joined Projectplace, [...]
Fast-growing technology company to bring new jobs to Chicago technology sector with new innovation center CHICAGO (March 31, 2015) Textura Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced today that it will open an innovation center in downtown Chicago in a move that will support recruiting and bring new high-tech jobs to the city. Textura will occupy 23,400 square feet in One Prudential Plaza at 130 East Randolph and plans to open the new office this summer. The new state-of-the-art facility will house as [...]
Textura, Greensill Capital and Morgan Stanley to enable Turner Construction Company and other general contractors to provide accelerated payments to subcontractors
Chicago, Illinois, December 2, 2014 - Textura Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced today that it has entered into an innovative alliance with Greensill Capital to enable General Contractors to provide accelerated payments to Subcontractors. The program will be called the Early Payment Program™ (EPP™). Textura will provide the technology for this program via CPM™ and its technology platform while Greensill will perform the underwriting and provide the funding, including engaging Morgan Stanley to securitize these payments to provide preferential funding to [...]