Five-Year Revenue Growth of 1,887% also Makes Textura No. 2 Ranked Technology Company on Crain's Chicago Business' Annual 'Fast Fifty' List
CHICAGO, June 2, 2015 — (PRNewswire) — Textura Corporation (NYSE: TXTR), a leading provider of collaboration solutions for the construction industry, announced that Crain's Chicago Business has named Textura the fifth fastest-growing company in Chicago.
In its 2015 "Fast Fifty" feature on Chicago's fastest-growing companies, the leading Chicago business publication ranked Textura No. 5 based on revenue growth of 1,887% from 2009 to 2014. Textura, whose 2014 revenues totaled $63.0 million, was also the second fastest-growing technology company on Crain's 2015 ranking.
Textura was No. 8 overall on last year's ranking.
Crain's Chicago Business is an award-winning weekly magazine covering the Chicago business landscape. Its annual "Fast Fifty" feature recognizes the 50 fastest-growing companies headquartered in the Illinois counties of Cook, DuPage, Kane, Lake, McHenry and Will. The ranking is based on companies' five-year revenue growth percentage, and companies must have recorded 2014 revenues of at least $15 million to be eligible.
Separately, in its May 25 "Crain's List - Chicago's Largest Public Companies" feature, Crain's said Textura ranked ninth among Chicago's biggest public companies in terms of revenue growth from 2013 to 2014. In that same feature, Textura was 16th in terms of worldwide growth in employees during the same period. Public companies had to have at least $50 million in 2014 revenues to be included on the list. Textura's market capitalization currently stands at around $768 million.
The company, which is headquartered in the Chicago suburb of Deerfield, Ill., in July will open a 23,400 square foot innovation center in downtown Chicago to support continued growth and to aid in recruiting efforts.
Dave Habiger, who recently was named Textura's interim CEO, stated: "Textura's growth is a testament to the great company that Patrick Allin, the co-founders and executive team have built. The organization is well positioned to continue leading the transformation of the commercial construction industry through technology."
Allin, who is Executive Chairman and Co-founder of Textura, said: "We are honored to again be part of this impressive list of companies driving innovation, economic growth and job creation in Chicago. Our continued growth stems from providing innovative technology solutions that deliver real value to the commercial construction industry – and from having dedicated, talented employees who make it all happen each and every day."
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.
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
To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/textura-named-fifth-fastest-growing-company-in-chicago-300092117.html
SOURCE Textura Corporation