Textura's Board of Directors In Receipt of Letter from Investor Northwater Capital
CHICAGO, June 1, 2015 /PRNewswire/ -- Textura Corporation (NYSE: TXTR), a leading provider of collaboration solutions for the construction industry, announced that its Board of Directors has received a letter from Board member David Patterson on behalf of Northwater Capital Management Inc., of which he is Chief Executive Officer and Chair, and the investment funds it advises, recommending that the Board of Directors of Textura explore strategic alternatives, including a sale of Textura. Northwater-affiliated entities own approximately 19% of Textura. The Board intends to consider the recommendations contained in Northwater's letter and will determine what is in the best interests of Textura's shareholders.
About Textura
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
Media contact:
Matt Scroggins
Textura Corporation
[email protected]
224-254-6652
Investor contact:
Annie Leschin, StreetSmart IR
415-775-1788
[email protected]
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SOURCE Textura Corporation
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