Textura Acquires PlanSwift - The Leading Take-off and Estimating Platform
Acquisition expands Textura's portfolio of subcontractor solutions and complements existing solutions by adding leading take off and estimating capabilities.
CHICAGO, Feb. 12, 2013 /PRNewswire/ -- Textura® Corporation, the leading provider of collaboration solutions for the construction industry, announced today that it has acquired PlanSwift, the nation's fastest-growing digital takeoff and estimating solution for the construction industry. PlanSwift's cutting-edge tools will complement Textura's existing solutions, offering new capabilities to specialty contractors and estimators:
- PlanSwift adds to Textura's portfolio of solutions that link construction industry professionals across all aspects of a project – design and preconstruction, takeoff and estimating, plan distribution, prequalification and bidding, project management, invoicing, payment, compliance and close-out
- PlanSwift's leading takeoff and estimating functionality and ease-of-use enables precise takeoffs and accurate estimating, which are essential for developing winning bids and ensuring profitable operations
- PlanSwift offers GradeBeam users an additional option for takeoff that will be integrated with GradeBeam's Invitation-To-Bid software and Textura's end-to-end Bid Management solution, providing increased efficiency and convenience.
"We are expanding our portfolio to offer our clients new solutions for takeoff and estimating and new options for how they integrate their activities across the construction project life cycle," said Patrick Allin, Chairman and CEO of Textura. "We continue to increase our clients' ability to collaborate and capture efficiencies across the construction lifecycle. This acquisition demonstrates our pledge to lead the industry's technology transformation. Combining Textura and PlanSwift will ensure our clients have access to state-of-the-art solutions that increase productivity, allow better risk management and improve visibility and control of business activities."
"We believe subcontractors need technology solutions that address their functional requirements and are built specifically for them," continued Allin. "PlanSwift is an important component of our strategy to provide industry-leading, integrated solutions to our clients. PlanSwift also offers an additional leading takeoff and estimating option for our GradeBeam clients, providing them a range of solutions to fit their needs. Clients have told us what they want and we are responding."
The acquisition broadens Textura's current platform solutions of CPM™, Submittal Exchange™, GradeBeam®, PQM™, and Greengrade™. PlanSwift takeoff and estimating software calculates everything needed to create an estimate, from labor, square footages and volumes to gallons of paint, tons of gravel and length of wire. PlanSwift allows users to download electronic plans directly from the plan room or to import plans using industry standard formats. PlanSwift uses simple point-and-click techniques, as well as advanced support for complex assemblies and item and material catalogs and pricing to eliminate manual plan takeoffs and data entry into spreadsheets. This drastically reduces the chance of miscalculating quantities or missing items, leading to more precise takeoffs and more accurate estimates in a fraction of the time.
"We are excited to join Textura and combine our solutions with Textura's technology platform to link our clients and their project partners," said James Purpura, President of PlanSwift. "Like Textura, PlanSwift has grown rapidly by listening to our clients, addressing their business needs, and ensuring our level of client service is unparalleled. Textura and PlanSwift can together serve a greater portion of the industry and the industry's business activities, reinforcing Textura's collaboration platform as the standard for the industry."
Financial terms of the acquisition have not been disclosed.
Textura is the leading provider of collaboration and productivity tools for the construction industry. Our solutions serve all construction industry professionals across the project lifecycle – from design, pre-qualification and bid management to submittals, invoicing and LEED® management – on a single, integrated platform.
Textura's collaboration platform and online product suite represent the first time the industry has all the tools needed to manage their business in an integrated fashion to save time and money and reduce exposure to risks. With award winning technology, world-class customer support and consistent growth, Textura is leading the construction industry's technology transformation. www.texturacorp.com
PlanSwift LLC is a leading provider of takeoff and estimating software to industry professionals. PlanSwift has developed industry-leading functionality and ease of use to enhance the construction industry's daily takeoff and estimating needs. More than 14,000 industry professionals in over fourteen countries use PlanSwift to help them complete more precise and accurate bids every day. www.planswift.com
If you would like more information about PlanSwift, please contact Matthew Miller at (888) 752-6794 ext. 4 or email email@example.com.
SOURCE Textura Corporation
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