SOURCE: Textura Corporation

April 08, 2014 13:30 ET

Textura Covering All the Bases With Their Construction Solutions

NEW YORK, NY--(Marketwired - Apr 8, 2014) -  Textura Corporation (NYSE: TXTR) CEO Patrick Allin updated investors on the company's progress during a recent interview with The Wall Street Analyst. During the interview he talked about the company's recent results, including a 77% year-over-year growth in their first fiscal quarter ended December 31, 2013.

Allin outlines the company's different solutions, which include Construction Payment Management, which facilitates project invoicing, lien waiver exchange and payments; Pre-Qualification Management, which allows subcontractors to efficiently submit their information to a general contractor; and GradeBeam, an invitation-to-bid solution that connects general contractors and subcontractors.

In addition, the company offers an estimating and takeoff solution called PlanSwift, and Submittal Exchange, a document management tool that's used in the design and construction phases. Lastly, they have a field management tool used in the midst of construction projects, LATISTA, that is compatible with most smartphones.

Finally, Allin discussed the company's goals for the upcoming year and some of the factors that make Textura unique. "In [the] markets we are in right now, which are Canada and the US and Australia, it's about a $1.3 trillion construction market. For some of our solutions like CPM -- the invoicing solution -- we are unique, there is no other competitor."


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    Jillian Sheehan
    Textura Corporation
    EVP & CFO
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