Mayor Emanuel today announced that Textura Corporation (NYSE: TXTR), a leading provider of collaboration software solutions for the construction industry, has opened an innovation center in downtown Chicago to increase the company’s access to the city’s technology talent pool and position it for continued rapid growth. Currently, Textura occupies 23,400 square feet in One Prudential Plaza, with the recently renovated office housing around 70 employees. The company plans to hire more than 50 new positions in the Chicago office this year and make it a central hub for recruiting efforts going forward.
“Textura’s decision to grow in Chicago and make the City central to its recruiting efforts is a testament to the depth of talent in our city’s workforce,” said Mayor Emanuel. “As more cranes rise and more buildings break ground, Textura will be able to access more of our leading construction companies, leverage our talent, and further support Chicago’s economic growth.”
Textura, which is headquartered in Deerfield, recently was named the fifth-fastest growing company in Chicago by Crain’s Chicago Business, based on revenue growth of 1,887% from 2009 to 2014. With 2014 revenues totaling $63.0 million, the company was also the second fastest-growing technology company on Crain’s “Fast Fifty.” Worldwide, Textura has more than 500 employees working in five countries. The company, which went public in June 2013, currently has a market capitalization of around $735 million.
“The City of Chicago is a vibrant and growing business center with a tremendous technology talent pool and an impressive track record of innovation,” said Dave Habiger, CEO of Textura. “The downtown Chicago operation will help ensure that we continue to attract the kind of talent we need to support our product evolution and high level of growth,” he said. “In addition, our new Chicago office puts us even closer to some of the top construction companies in the world.”
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.
According to a report from Dodge Data and Analytics (formerly McGraw Hill Construction), last year, construction in Chicago was at the highest level since 2008. As of June 2015, contracts for commercial and residential construction projects in the Chicago area totaled $3.63 billion, up 3 percent from a year earlier. Building on this growth, since 2011, Chicago’s construction industry has added 1,923 jobs.
Textura is a 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, performance management, LEED® management and payment. With award-winning technology, world-class customer support and consistent growth, Textura is leading the construction industry’s technology transformation. www.texturacorp.com