Gilbane Building Company to Expand Use of Textura-CPM Internationally at Gilbane Federal Unit

Textura® Corporation (NYSE: TXTR), the leading provider of collaboration solutions for the construction industry, announced today that Gilbane Building Company plans to roll out Textura-Construction Payment Management™ (CPM™) internationally for construction projects led by its Gilbane Federal unit.Textura Corporation logoGilbane, which is the 14th largest General Contractor in the United States according to Engineering News-Record, operates in more than 50 offices around the world. A Textura client since 2009, Gilbane currently uses the CPM solution to enhance payment management processes on projects across the United States as well as in Europe and Mexico. "In addition to greatly improving invoicing and payment processes across our domestic projects, Textura-CPM has given us much greater visibility and international coordination for our projects in Ireland and Mexico. Given the significant benefits we've seen on those projects, we've decided to bring the Gilbane Federal international projects onto CPM as well," said John Yena, VP-Operations Controller for Gilbane. "With CPM, we've been able to seamlessly handle the accounting on international projects from our U.S. offices, and we fully expect the productivity and global visibility benefits we get from CPM to scale across this international portfolio," he said. Gilbane Federal, whose international building specialties include airfield, medical, border fort, school, police academy, fire station, fuel facility and other military construction, has completed projects in Afghanistan, Germany, Portugal, Guam, Iraq, Japan, Turkey and Korea, among other countries.A web-based, Software-as-a-Service (SaaS), Textura-CPM automates and streamlines payment management processes, including invoicing, lien waiver collection, compliance management. In addition, CPM facilitates electronic disbursement of payment, including in local currencies. CPM replaces inefficient, paper-heavy manual processes with collaborative workflows that boost productivity and visibility and reduce risk for all users."We're thrilled that Gilbane is expanding its use of CPM to more international projects," said Patrick Allin, Chairman and Chief Executive Officer, Textura Corporation. "We have a global vision at Textura and have already launched operations in Europe and Australasia. Gilbane's experience with CPM in Europe and Mexico underscores the benefits we can provide to clients operating in international markets, and we look forward to helping Gilbane as they also grow around the world."