Friday, January 31, 2014

Textura Corp - just a brief comment about Textura's purchase of Latista

Yesterday (or the day before), Textura (NYSE: TXTR) reported its financial results for the quarter ended 12/31/13.

Based on what Textura said in that report, Textura paid $34.9 milion to acquire Latista.

And, apparently, Latista is generating revenues in the neighborhood of $133,000 to $200,000 per month, and, apparently, Latista has been and is losing money.

The amount that Textura paid for Latista well exceeded the price that Textura paid for PlanSwift, even though PlanSwift is, apparently, generating revenues of around $500,000 per month.

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