Oracle Expands Cloud Services With Acquisition of Textura

Oracle is looking more and more like Salesforce every day. This is a direction the company needs to follow as its hardware sales continue to slip.

Oracle added to its growing cloud services roster April 28 by acquiring publicly traded Textura, a provider of construction contracts and payment management cloud services for about $663 million in cash, net of Textura’s liquid assets.

The purchase price amounted to $26 per share, exactly the price at which the stock closed April 28.

Oracle is looking increasingly like Salesforce…

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Oracle Expands Cloud Services With Acquisition of Textura