November 9, 2011
Dear Submittal Exchange Clients and Friends:
Over the past eight years, we have been pleased to build relationships with you and thousands of other design and construction industry professionals nationwide and globally. Throughout this time, our mission has been to be a driving force for continuous improvement in the construction industry, delivering innovative technology products with exceptional service and care. Our vision is for industry transformation, eliminating traditional inefficiencies and barriers to communication, and replacing them with cloud-based collaboration technology that ultimately leads to higher quality completed facilities and a better built environment for our world.
Today represents a significant new stage in the future of Submittal Exchange and the services that we provide. Recently we were introduced to Textura Corporation, an online collaboration provider for construction payment management, bid management, and contractor pre-qualification. Like Submittal Exchange, they are the leader in their space, with more than 80,000 users and a system that has processed more than $70 billion in construction payments since inception. Founded in 2004, Textura has achieved more than 100% growth annually for the last four years and is based in Deerfield, Ill., with a staff of 100.
After a number of conversations, we found many synergies between Submittal Exchange and Textura, including a common vision for the future of the industry, complementary products and similar organizational cultures. As a result of these synergies, it made logical sense for us to work together.
I am pleased to announce that Submittal Exchange is now part of Textura Corporation. By joining forces, Submittal Exchange and Textura offer a robust online platform for construction collaboration that is unmatched by any other industry software provider. This platform allows us to extend collaboration and efficiencies across the entire construction lifecycle, offering tremendous benefits and savings to you and your projects.
This is a very exciting time for us and we hope it is exciting news for you. As we transition, I'm sure you have questions, so I'd like to address a few of those:
| - |
We will continue to operate under the Submittal Exchange name as a division of Textura |
| - |
Greengrade will continue as a division of Submittal Exchange and Textura |
| - |
I will continue to serve in my role as President of Submittal Exchange |
| - |
All of our staff and your Submittal Exchange contacts will remain the same |
| - |
Submittal Exchange operations will continue to be based at our Des Moines headquarters |
| - |
The high level of service and commitment you have come to expect from us will continue |
| - |
All of your access to the current Submittal Exchange and Greengrade products will continue |
| - |
You now have immediate access to additional products for construction payment management, contractor pre-qualification and bid management |
| - |
Over time, we will introduce additional products and synergies that benefit your business and fit with our goal of being the collaboration platform for the industry |
I am tremendously excited about this new chapter for Submittal Exchange and the opportunity to offer new services that allow you to manage all aspects of your projects on a single, integrated platform.
We invite you to learn more about this relationship by following this link to the official press release.
Sincerely,
Matt Ostanik AIA, CSI, LEED® AP BD+C
President & Founder
Submittal Exchange
| 