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connyun. The name connyun is comprised from the English word ‘connect’ and ‘yun’, the Chinese term for cloud. “We want to offer our customers access to a wide ecosys- tem of partners. We are inviting partners and startups to offer their services on our platform,” said Christian Schlögel, CTO of KUKA and CEO of connyun. “With our own solu- tions and the expanded range of partner solutions, we can offer customers a wide breadth of production and logistics processes optimization.”


Acquisitions D


atabase software giant Oracle Corp. (Redwood Shores, CA) on April 28 announced it had entered into a definitive agreement to acquire Textura Corp. (Deerfield, IL), a supplier of construction contracts and payment management cloud services, for $26.00 a share in cash. The deal is valued at approximately $663 million, net of Textura’s cash. Textura’s cloud services process $3.4 billion in payments for over 6000 projects each month. The companies will combine Oracle Primavera and Textura will form the Oracle Engineering and Construction Global Business Unit, offering a compre- hensive cloud-based project control. Oracle’s board unanimously ap-


proved the transaction, which is expected to close in 2016, subject to Textura stockholders tendering 66 2/3% of Textura’s outstanding shares and derivative securities exercised prior to the closing in the tender offer, and customary closing conditions. OpenText Corp. (Waterloo, ON, Canada) on April 27 announced it has entered into a definitive agreement to acquire ANXeBusiness Corp. (ANX; Southfield, MI), a provider of cloud- based information exchange services to the US auto and healthcare industries.


The purchase price is approximately $100 million, ac-


cording to OpenText, a supplier of enterprise information management (EIM) software. The deal is expected to gener- ate approximately $30 million of annualized revenue and be


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June 2016 | AdvancedManufacturing.org 23


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