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On April 28, 2016, Oracle announced that it has entered into a definitive agreement to acquire Textura, a leading provider of construction contracts and payment management cloud services. The transaction has closed.

Oracle Textura Payment Management Cloud Service enables you to increase efficiency and control in construction payment management. It streamlines and automates processes, mitigating risk, reducing cost, and improving cash flow.

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According to the ASA Attorneys Council, Textura's CPM Terms provide no protection and may be hard to swallow for subcontractors. Who do they really protect?

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