Thursday, April 28, 2016

Oracle Acquires Textura For $663M

Redwood Shores-based Oracle said this morning that it has acquired Textura, a developer of cloud-based software for construction contract and payment management, for $663M. Oracle will pay $26.00 per share in case for Textura, which is listed on the NYSE as TXTR. Oracle said that Textura is currently processing $3.4 billion in payments for over 6,000 project each month.