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Oracle Buys Cloud-based Construction Management Solutions Provider Textura

Friday, May 13 2016
News Roundup
Written by  TPB News

In an all cash, $663 million dollar deal announced in late April, Oracle plans to buy Textura, a highly regarded cloud-based construction management solutions provider. So reports Tech Crunch.

The deal is expected to close by the end of the year. According to Tech Crunch, Oracle plans to retain Textura employees and create a new business unit, Oracle Engineering and Construction. The acquisition is intended to build out Oracle’s Primavera project management and billing system.

Read the full article from Tech Crunch.

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