Latista Closes Deal to Become the Field Management Solution for the Moscow BSA Luzhniki Stadium for the 2018 FIFA World Cup Tournament

CHICAGO, July 24, 2014 /PRNewswire/ -- Textura Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced that Latista, a Textura^® solution and leader in field management solutions for construction, has been chosen by the state-owned enterprise "Big Sports Arena Luzhniki," a project of the City of Moscow Department of Construction, to reconstruct the largest sports stadium in Russia. Latista will be deployed as the construction quality management solution to ensure the project is completed on time and to the quality standards expected of the Moscow Department of Construction.

Luzhniki Stadium will be the venue for the opening and final matches of the 2018 FIFA World Cup which will be held in Russia. The Latista^® quality management solution is designed to organize and improve the communication between project stakeholders and to create comprehensive, centralized field management processes. Moscow's Department of Construction will be able to track project performance and proactively resolve potential discrepancies through Latista. This in turn improves efficiency, eliminates rework and reduces costs.

"We are excited that Latista was selected for this important project and look forward to working with the City of Moscow to deliver this high profile project," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation.

Latista will provide the following capabilities within the quality management process:

• Maintain a list of suppliers and subcontractors for the supplied materials, equipment and services
• Identify and track issues that need to be fixed by contractors
• Improve the efficiency of the quality control inspection process and store results for proper documentation
• Provide controlled access to project stakeholders to the project documentation
• Track and analyze root causes for issues and develop reporting to track recurrent issues.

The City of Moscow Department of Construction will ensure savings over the five-year project by automating its quality management process in reconstructing the complex Luzhniki stadium with its implementation of Latista.

About Latista
Unparalleled in the industry, Latista's mobile and cloud software delivers market-leading field management solutions for construction. Latista's current customers include Fortune 100 capital project owners and top 100 general construction and engineering firms. Latista's customers attest that their use of Latista has led them to higher quality production, lower costs and reduced legal and financial risks. 
www.latista.com

About Textura
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 takeoff, estimating, design, pre-qualification and bid management to submittals, field management, LEED^® management and payment. 

The Textura^® 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   

Contact:
Lacey Faye Spang
Textura Corporation, Investor Relations
[email protected]   
847-943-3547

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SOURCE Textura Corporation