Oracle sets its sights on engineering and construction industry with Textura buy
Oracle is spending $663 million to buy Textura, a company that offers cloud services for the engineering and construction industry.
Textura's products will be combined with Oracle's existing Primavera project-management suite -- the result of a 2008 acquisition by the database giant -- in the Oracle Engineering and Construction Global Business Unit, Oracle announced on Thursday. The focus of that unit will be offering a comprehensive cloud-based project control and execution platform that manages all phases of engineering and construction projects.
"The increasingly global engineering and construction industry requires digital modernization in a way that automates manual processes and embraces the power of cloud computing to easily connect the construction job site, reduce cost overruns and improve productivity," said Mike Sicilia, a senior vice president at Oracle who will lead the newly expanded business unit.
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