Attributes 1,022 Percent Revenue Growth to Growing Demand for Solutions That Help Construction Companies Improve Productivity, Reduce Risk
CHICAGO, Nov. 13, 2014 — (PRNewswire) — Textura Corporation (NYSE: TXTR) today announced it ranked number 118 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Textura's ranking was based on revenue growth of 1,022 percent from 2009 to 2013.
Chairman and Chief Executive Officer Patrick Allin credits Textura's focus on developing transformational collaboration solutions for the construction industry and delivering world-class client service with the company's revenue growth.
"Our focus from the start has been on creating technology solutions that address the unique and complex challenges construction companies face. The growth we have experienced stems from the incredible need and rising demand for such tools, which help construction companies improve productivity and mitigate risks across the entire lifecycle of a project. And as proud as we are of this growth, we are even more proud of its real underlying driver, namely, delivering significant value to all of our clients," Allin said.
"The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. "There are so many exciting products and smart thought leaders driving this list. We congratulate the Fast 500 companies and look forward to seeing them continue their momentum into 2015."
"For 20 years, the Deloitte Fast 500 rankings have honored the innovation that is part of these companies' DNA," added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. "We're glad to be serving these high-growth companies, and helping the technology sector recognize the great strides and transformation these companies are making in their respective areas."
About Deloitte's 2014 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years and be headquartered within North America.
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 and pre-qualification to bid management, field management, submittals, 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
SOURCE Textura Corporation