Digital Realty Selects Textura-CPM
Global Experts in Data Center Design and Operations Enhances Construction
Payment Management Process.
CHICAGO, Jan. 28, 2014
CHICAGO, Jan. 28, 2014 /PRNewswire/ --Textura^® Corporation (NYSE: TXTR), the
leading provider of collaboration solutions for the construction industry,
announced that Digital Realty (NYSE: DLR), a leading global provider of data
center solutions, is using Textura CPM—Enterprise™ to lower risk, improve
efficiency and automate processes for its data center construction payment
process across the United States.
"We have been impressed with the ability to configure and use Textura
CPM—Enterprise to support our specific processes," said Anthony Caracino, Vice
President of Construction for Digital Realty. "We have used Textura to
process pay applications to pay contractors on-time while also reducing risk
though the automated collection of lien waivers from our subcontractors. We
have also standardized processes across our project portfolio and have found
efficiencies by automating manual processes."
With Textura CPM—Enterprise, enterprises such as Digital Realty can gain
better control over their payment process. CPM—Enterprise consolidates and
streamlines project finance management, financial reporting, and account
reconciliation, eliminating inefficient manual processes and reducing paper by
placing these functions online. With a real-time view into contractor
invoicing and approvals, businesses can achieve a better understanding of how
the project is performing and use real-time, accurate information to make
better business decisions.
"At Textura, we are very pleased by the levels of success that Digital Realty
has achieved using our solution," said Patrick Allin, Chairman and Chief
Executive Officer, Textura Corporation. "They have built a reputation by
providing their clients with a high-level of customer service and we are
excited to partner with a world-wide leader."
"Engaging with a technical innovator such as Textura supports the foundation
on which our business was built, namely market-driven solutions and client
partnership," said Caracino. With 130 properties in 33 markets around the
world, Digital Realty provides secure, reliable and cost-effective data center
facilities that meet each client's unique data center needs.
About Digital Realty Trust, Inc.
Digital Realty focuses on delivering customer-driven data center solutions by
providing secure, reliable and cost effective facilities that meet each
customer's unique data center needs. Digital Realty's customers include
domestic and international companies across multiple industry verticals
ranging from financial services, cloud and information technology services, to
manufacturing, energy, health care and consumer products. Digital Realty's 130
properties, including 12 properties held as investments in unconsolidated
joint ventures, comprise approximately 24.0 million square feet as
ofSeptember 30, 2013, including 2.8 million square feet of space held for
development. Digital Realty's portfolio is located in 33 markets
throughoutNorth America, Europe, Asia andAustralia. Additional information
about Digital Realty is included in the Company Overview, which is available
on the Investors page of Digital Realty's website
Textura is the 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, LEED^®
management and payment.
Textura's 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.
SOURCE Textura Corporation
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