Tuesday, March 18, 2014

How much revenue does Textura get from a sale like the one announced in this Press Release?

It seems like Textura issues a press release every time it makes a sale.

Does anyone happen to know the amount of revenue Textura generates when it makes “a sale” like the one announced below?  If so, please let me know!

March 17, 2014, 7:30 a.m. EDT
GFI Development Company Adopts Submittal Exchange on Iconic Five Beekman Street Project; Design and Construction Streamlined on Historic Landmark Hotel in NYC.

DES MOINES, Iowa, March 17, 2014 /PRNewswire/ --  Textura® Corporation TXTR +3.94% , the leading provider of collaboration solutions for the construction industry, announced today that GFI Development Company is using Submittal Exchange ® to manage design and construction communications for the elaborate renovation of the unique Five Beekman Street project in Manhattan's Financial District. 
"One of our General Contractor partners showed us Submittal Exchange on another project and we knew it was exactly the solution we needed to manage the massive amount of design and construction information for our Five Beekman Street project," said Kim Savarese, Project Manager, GFI Development. "Using Submittal Exchange will allow us to simplify the design process and move right into construction at a quicker pace. Having documents in an automated workflow and readily available in one location for the project team during each phase of the project is very helpful." 
GFI Development Company is using both of Textura's Submittal Exchange web-based collaboration solutions on the Five Beekman Street project. Submittal Exchange for Design improves efficiency and communication during the design phase of a project.  Submittal Exchange for Construction allows project teams to electronically exchange, review and archive construction submittals, RFI's and other communications on the construction phases of a project.  With these solutions GFI Development Company is able to streamline the management of documents and communications to eliminate frustrations, delays and unexpected costs.
GFI Development Company and GB Lodging, LLC are converting the notable Five Beekman Street building into a luxury hotel consisting of approximately 287 guest rooms and over 68 residential units that will be operated by Commune Hotels. The historic structure together with an adjacent site on Nassau Street will total approximately 340,000 square feet, including a 46-story tower.

"We are very pleased that GFI Development Company has selected Submittal Exchange for their impressive renovation project," said Patrick Allin, Chairman and Chief Executive Office, Textura Corporation. "Using Submittal Exchange will help the project move seamlessly through design and successful construction to produce a stunning historic renovation the city will treasure."

1 comment:

  1. Textura's products are all different, so it'll depend on which one they're discussing. For Submittal Exchange in particular, they tend to price it by project value. Not knowing the value of this project makes it tougher to estimate, but a rough guess would say that for both the SE products they'd probably get $30-$40k for a $100M project.