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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, IL – February 12, 2013Textura® 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:

“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.

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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 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

About PlanSwift

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 marketing@planswift.com.






Dear PlanSwift customers and partners,

By now, you likely will have heard of our decision to become part of Textura Corp. I would like to take a few minutes of your time to explain why we at PlanSwift are so excited by this new chapter and why we think you should be too.

First, let me reassure you about a few things: there is and there will be no change in our commitment to provide you with the best takeoff and estimating tool in the marketplace, accompanied by the best support and training levels available. You should feel confident that your investment in our solution and your relationship with us is safe. Let me also reassure you that the people behind PlanSwift, from our sales, training, development and technical support staff to the executive team, will remain in place and stand ready to continue to support you as we have done in the past.

We will not be standing still, however. Becoming part of Textura will allow us to accelerate our product development, and to act on more of the many suggestions to improve our solution that you make daily and which we are so grateful for. We will have greater resources with which to invest in our people too, and to continue to improve our service to you as you help us grow to become the industry standard for takeoff and estimating.

What brought us together with Textura is a shared vision of delivering to the construction community a set of integrated applications that are designed for you, and that will help you run a more successful and profitable business. We believe that together our companies are better positioned and will be better able to deliver this vision to you. We will do this by integrating our existing solutions and our organizations which will result in a better and easier experience for you.

On behalf of everyone here at PlanSwift and Textura, we would like to offer you our sincere appreciation for your contribution to making us the leading and fastest-growing Takeoff and Estimating solution. We look forward to continuing our relationship.

Please do not hesitate to contact me directly, or any member of my team, if you have any questions or concerns.

Sincerely,

James Purpura
President, PlanSwift