REDWOOD CITY, CA: Oracle buys out Textura, a construction management company. The acquisition bolsters Oracle’s offerings for industry verticals including retailing, financial services, and advertising and marketing.
The Textura deal would expand its range of cloud-based tools such as online contracts and payment services.
Oracle will combine Textura with its Oracle Primavera product-management software, which also focuses on construction, to form a single division. The unit would provide a cloud-based platform to manage all phases of engineering and construction projects.
Oracle Primavera offers a suite of cloud solutions for project,
Textura helps automate both the creation of invoices and the billing process itself, as well as a number of additional chores that crop up once construction is already underway. In particular, its aptly-named PerformanceTracker service makes it possible to assess the work of contractors throughout a project’s duration to identify slowdowns that may require attention and find ways to pick up the pace. Like general-purpose reporting software, the application employs graphical dashboards to make the data easily accessible the various parties involved in the undertaking.
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