Oracle Press Release

Oracle Named One of Constructech Magazine’s 50 Hottest for 2009

Leading Construction Technology Magazine Recognizes Oracle Among Most Influential Construction Technology Providers

Redwood Shores, CA – August 25, 2009

News Facts

Constructech, the only publication focused exclusively on the technology needs of the construction professional, has named Oracle to its list of the Constructech 50 Hottest for 2009.
The Constructech 50 Hottest for 2009 lists “the most influential construction technology providers with a strong and ongoing market presence as determined by the editors of Constructech magazine with assistance from its editorial advisory board.”
This year’s winners of the Constructech 50 Hottest were evaluated on their continued and dominant presence in the marketplace based on various criteria such as having a strong product/service aimed at the construction industry, customer satisfaction and growth, as well as outreach and educational efforts for the construction industry.
This year’s Constructech 50 Hottest companies list is published in the first annual Constructech IT Playbook.

Oracle Solutions for Engineering and Construction

Oracle provides a complete, integrated set of solutions to meet the complex needs of the engineering and construction industry. Oracle solutions deliver a powerful combination of technology and comprehensive, preintegrated business applications including key functionality built specifically for engineering and construction enterprises.
Oracle offers a comprehensive engineering and construction lifecycle solution to manage essential operations from initial project identification through contract closeout and facilities management. Oracle's unified data model enables engineering and construction companies to integrate information across departments and lines of business to help evaluate potential projects and prepare proposals, enable project collaboration with business and joint venture partners, select subcontractors and suppliers based on company-specific rules, control project execution and schedule, improve budgeting and forecast accuracy, streamline billing and payment collection, and minimize overall project risk.
Oracle for engineering and construction helps speed implementation, optimize performance, streamline support, and maximize ROI.

Supporting Quotes

“The Constructech 50 Hottest honors the hard work and dedication that these exceptional companies have shown in the construction space,” said Mike Carrozzo, chief editor of Constructech. “Though economic turmoil has been prominent and the construction market has seen struggles, this year’s winners have still found success and are taking part in the move toward improvement in the industry.”
“Constructech magazine strives to provide our readers with the winning solutions and the necessary information that will improve business practices,” said Peggy Smedley, editorial director of Constructech. “This compilation of solution providers who make up the Constructech 50 Hottest companies, as well as the industry insight found throughout the Constructech IT Playbook, arms readers with the knowledge they need to make successful implementations now and into the future.”
"Right now it is imperative for customers to win new projects, adequately plan and schedule, anticipate and manage risk and change, and minimize claims in order to remain profitable," said Dan Byrnes, vice president, product strategy, engineering and construction industry at Oracle. "Oracle offers a complete applications solution that serves the entire engineering and construction industry by helping construction organizations navigate the marketplace and position themselves for growth."

Supporting Resources

Oracle Innovation Showcase

For more than 32 years, Oracle has been a technology innovator, transforming the way business is conducted. To learn about Oracle’s latest technologies, visit the Innovation Showcase during the 100 days before Oracle OpenWorld. See oracle.com/innovation for more information.

About Oracle

Oracle (NASDAQ: ORCL) is the world's largest business software company. For more information about Oracle, please visit our Web site at http://www.oracle.com.

Trademarks

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Contact Info

Danielle Cormier
Oracle
+1.610.766.3463
danielle.cormier@oracle.com

Simon Jones
Blanc & Otus
+1.415.856.5155
sjones@blancandotus.com