Textura Corporation, the leading provider of collaboration solutions for the commercial construction industry, announced today that it has acquired Submittal Exchange, a provider of Integrated Project Collaboration (IPC) Software for exchanging, reviewing and archiving construction submittals, RFIs and other construction communications.
Exchange's online system and advanced communication tools will extend Textura's
existing product suite further upstream, offering new capabilities to a broader
range of construction project owners, architects and designers, as well as new
services to general contractors and subcontractors.
expanding our platform reach to designers and architects, we are increasing
collaboration and efficiencies across the construction lifecycle, from concept
to construction," said Patrick Allin, chairman and CEO of Textura.
"This acquisition further demonstrates our commitment to lead the
industry's technology transformation. By uniting the capabilities of Textura
and Submittal Exchange on a single platform, our clients will enjoy
easy-to-use, effective productivity tools that will save time and money and
reduce exposure to risks. This is the first time the industry has all the tools
needed to manage their business in an integrated fashion."
the industry's leader of collaboration solutions, Textura is aggressively
expanding its product suite to serve construction industry professionals across
the construction lifecycle, from design and pre-qualification to bid
management, submittals and payment. Submittal Exchange advances Textura's
leadership position by strengthening connections between building owners and
architects with general contractors, subcontractors and others.
with Submittal Exchange," continued Allin, "we look forward to adding
Greengrade LEED management software to our product lineup, allowing clients to
communicate, track and manage all LEED project information. This will become
increasingly important in the years ahead as the demand for environmentally
friendly and efficient buildings becomes more intense."
are excited to join Textura and combine our products to deliver end-to-end
capabilities for the first time in a truly integrated platform linking our
clients and their project partners," said Matt Ostanik, AIA, CSI, LEED AP
BD+C, President of Submittal Exchange. "Textura and Submittal Exchange can
together serve a greater portion of the industry and the industry's needs,
making virtual collaboration a win-win for all."
acquisition broadens Textura's current platform of PQM, CPM and GradeBeam.com
for bid management and offers comprehensive online sharing for the submittal
process, providing virtual storage and exchange of design materials, with whiteboard
and automatic synchronization tools for designers and architects.
terms of the acquisition have not been disclosed.