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Lab welcomes contractors to try out technology

August 29, 2018

In the past two years, Oracle has acquired Textura for $663 million and Aconex for approximately $1.2 billion. The software heavyweight’s nearly $2 billion spend is part of the development of a business unit dedicated to construction technology.

Last week, Oracle Construction and Engineering unveiled the first phase of its Innovation Lab in the Chicago suburb of Deerfield, Illinois. Phase two is in the permitting process in the hopes to open by the end of next year, according to Andy Verone, global vice president of product and industry strategy at Oracle Construction and Engineering.

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