Last week Oracle announced it would acquire Textura, a provider of cloud-based construction management software, for $633 million. In an article published on our sister site, Trade Financing Matters, members of the Spend Matters Analyst Team took a look at what the deal means for both companies. It’s a “stiff price” for Oracle to pay for Textura, the team wrote, but its offerings will complement Oracle’s existing product line.
“While Oracle Primavera offers a complete suite of cloud solutions for project, cost, time and risk management, Trade Financing Matters’ quick analysis of the combination suggests it will surely add to Oracle’s arsenal with deeper industry and multi-tier engineering and construction capability (a significant differentiator for Textura),” the team wrote. “Moreover, it will also complement other Oracle solutions, such as Project Procurement.”
The analyst team also believes the Textura acquisition could give Oracle a leg up in the trade financing solution market, allowing it to “play catch up to arch-enterprise-applications-rival” SAP/Ariba.
You can check out the full article and analysis over on Trade Financing Matters. David Gustin, Jason Busch and Pierre Mitchell share their thoughts on the Textura product offering as well as its gaps.
Additional Info on Textura
Textura’s solution is largely used by those in the engineering and construction industries. It provides end-to-end capabilities, leading users through the project management lifecycle, from initial bid process to sourcing, subcontractor management, invoicing and payment. The cloud solution processes $3.4 billion in payments for more than 6,000 projects each month, an Oracle announcement stated.
David Habiger, chief executive officer of Textura said, “extura’s mission is to bring workflow automation and transparency to complex construction projects while improving their financial performance and minimizing risks.”
Oracle Buys Utility Software Provider, Too
Oracle also announced this week it would buy utilities software solution company Opower Inc. for $523 million. Opower reportedly gathers data from utility companies, stores it and analyzes it via its cloud service to provide users with additional insight into operations.