Textura Corporation to Open Office in Downtown Chicago

Fast-Growing Technology Company to Bring New Jobs to Chicago Technology Sector with New Innovation Center

CHICAGO, March 31, 2015 /PRNewswire/ -- Textura Corporation TXTR, the leading provider of collaboration solutions for the construction industry, announced today that it will open an innovation center in downtown Chicago in a move that will support recruiting and bring new high-tech jobs to the city.

Textura will occupy 23,400 square feet in One Prudential Plaza at 130 East Randolph and plans to open the new office this summer. The new state-of-the-art facility will house as many as 140 people, with Textura planning to hire more than 50 new positions in the downtown Chicago location in 2015.

"The City of Chicago is a vibrant technology center with a top-notch talent pool. Our new downtown office will help attract the kind of high-caliber talent that has made us a fast-growing technology leader in cutting-edge business solutions," said Textura Chairman and CEO Patrick Allin.

Textura, which started operations in Lake Bluff, Ill., in 2004, relocated to its 63,000 square foot campus in Deerfield, Ill., in 2007 to accommodate its rapidly growing workforce. The company, which currently has around 275 employees working in Deerfield, last year was named one of Chicago's top job creators by Crain's Chicago Business, based on local headcount growth of 248% from 2010 to 2013. Worldwide, Textura has more than 500 employees working in five countries.

Crain's also named Textura to its 2014 Fast Fifty list as the eighth-fastest growing company in the Chicago area, based on revenue growth of 1,932% from 2009 to 2013. Textura, which went public in June 2013, reported revenues of $63.0 million for 2014, up 54% over the previous year.

"We know that our people are the foundation of our successful client relationships and product evolution. We see this new facility in Chicago as a key platform for future hiring to support our continued growth and product innovation," said Allin, who last year was named EY Entrepreneur of the Year for the Technology category in the Midwest. 

Textura develops on-demand business software that enables collaboration among commercial construction project participants. The company's online solutions improve outcomes across the construction project lifecycle by increasing efficiency, facilitating faster payments, improving risk management, and enhancing visibility and control into critical activities.

CBRE Inc. represented Textura in the transaction, while The Telos Group L.L.C. represented the building ownership.

"Chicago is home to one of the most competitive talent pools in the nation," said World Business Chicago President and CEO Jeff Malehorn. "We look forward to continuing to integrate Textura into the city's already fast-growing sector for innovation and technology."

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   

About World Business Chicago

Chaired by Mayor Emanuel, World Business Chicago drives regional economic growth. WBC collaborates to create jobs, cultivate talent, and put Chicago at the forefront of the global economy. A unique public-private partnership, WBC engages business and community leaders to advance Chicago's Plan for Economic Growth and Jobs.

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SOURCE Textura Corporation