Textura (NYSE: TXTR) acquires Latista – for $35 million cash

We first
mentioned Textura on Repro 101 back in June, just before Textura went
public. Textura’s shares were sold at
$15.00 in the IPO, and, since then, Textura’s shares have traded as high as
$47.25, but, recently, Textura’s shares have come back closer to earth –
trading today at around $33.00. On
November 21^st, Textura will report its latest quarterly financial
results. Textura has yet to generate a
profit.

About
Textura’s acquisition of Latista, well, sometimes a good idea to acquire sales,
helps to prop up the numbers. However,
the Press Release that announced Textura’s acquisition did not disclose Latista’s
revenues, only the price ($35 million, cash) that Textura agreed to pay for
Latista.

About Latista…..

The Press Release says this:

LATISTA has
developed unique expertise around mobile applications in construction. Their
modules handle mission critical construction workflows, including quality
management, punch lists, safety, electronic commissioning, and document management, including managing project specific plans and
drawings. Soon-to-come, LATISTA will introduce support for Building
Information Models (BIM), right in the field.

Under the “solutions” tab on its web-site,
Latista says this:

Our document
management solution reduces your dependence on paper.

Users in the
field and at the office access a
master set of drawings and plans, ensuring one version of the truth across
your project. Provide secure access to a central repository. Markup and
annotate drawings, plans, and other documents. Push documents to the field for
off line access on mobile devices. Easily find documents by linking
them with equipment and areas. Manage
your library of documents in the cloud to easily share access and ensure
everyone is working off the most current specifications.

Digitally replicate paper forms

Mark-up photos and PDFs

Manage issues with layered mark-ups

Render your PDFs faster

Publish revisions to entire team

Control who can access which documents

Archive documents to streamline turnover

Sync documents on demand to mobile device

Nota de Prensa
Carlos García Conde
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Sync documents in the background

Update: For more on Textura’s acquisition of Latista, click on this link:

Nota de Prensa
Carlos García Conde
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http://www.constructech.com/news/articles/article.aspx?article_id=9857

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