Oracle Corp (NYSE:ORCL) plans to buy cloud-based payment management services provider Textura Corp (NYSE:TXTR) for $663mln in cash, the companies said on Thursday.
The $26-per-share offer represents a premium of 30.7% to Textura's Wednesday closing price.
Textura sells billing software for the construction industry. Oracle will integrate it into its Primavera software. Oracle bought Primavera, which makes project management software popular in the construction industry, in 2008.
Textura shares were up 31% at $25.98, while Oracle shares shed 1.4% to $40.30.