Oracle Buys Primavera

Creates First, Comprehensive Enterprise Project Portfolio Management Solution for Project-Intensive Industries

    REDWOOD SHORES, Calif., Oct. 8 /PRNewswire-FirstCall/ --

    News Facts

-- Today, Oracle announced it has agreed to acquire Primavera Software, Inc., a leading provider of Project Portfolio Management (PPM) solutions, to accelerate its momentum in delivering mission-critical operational applications.

-- Primavera's PPM software helps companies propose, prioritize and select project investments, and plan, manage and control the most complex projects and project portfolios.

-- Together with Oracle's applications and infrastructure software, Oracle expects to provide the first comprehensive enterprise project portfolio management solution that helps companies allocate the best resources, reduce costs, meet delivery dates and ultimately make better decisions, all by using real-time data.

-- Oracle Enterprise PPM will be tailored to project-intensive industries such as engineering and construction, aerospace and defense, utilities, oil and gas, manufacturing, and professional services.

-- Primavera employees and management are expected to join Oracle to form a global business unit (GBU) focused on Enterprise PPM, and to help ensure a smooth transition for Primavera customers and partners. Primavera's CEO Joel Koppelman is expected to lead the business unit as Senior Vice President and General Manager.

-- The transaction is subject to customary closing conditions and is expected to close in the second half of 2008. Until the deal closes, each company will continue to operate independently. Financial details of the transaction were not disclosed.

Supporting Quotes

-- "Enterprise PPM is moving to the forefront of business strategy for industries managing complex and capital intensive projects, and has emerged as a global driver for value creation and business success," said Oracle President Charles Phillips. "With 20% of the world's GDP spent annually on projects, the addition of Primavera is expected to extend Oracle's leadership position in the enterprise application space."

-- "As a leader in PPM solutions with over 25 years experience helping customers succeed at managing projects, programs and portfolios, Primavera is a natural addition to accelerate Oracle's application strategy for project- intensive industries," said Primavera CEO Joel Koppelman. "We are excited to join Oracle as a new global business unit where we can ensure continuity and success for our current and prospective customers and partners."


    Supporting Resources

    -- Oracle-Primavera information page
       http://www.oracle.com/primavera/index.html
    -- Customer Letter (http://www.oracle.com/primavera/customer-letter.html)
    -- Partner Letter (http://www.oracle.com/primavera/partner-letter.html)
    -- General Presentation
       (http://www.oracle.com/primavera/primavera-general-presentation.pdf)
    -- FAQ (http://www.oracle.com/primavera/primavera-faq.pdf)
    -- Oracle Projects website
       (http://www.oracle.com/applications/projects/intro.html)

About Oracle

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

(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)

Trademarks

Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

Web site: http://www.oracle.com/




Review Article Be the first to review this article

Airbus

Featured Video
Jobs
GIS Analyst II for Air Worldwide at Boston, MA
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
Senior Structural Engineer for Design Everest at San Francisco, CA
Mechanical Engineer for IDEX Corporation at West Jordan,, UT
Upcoming Events
SPTechCon 2016, Dec 5 - 8, 2016, San Francisco, CA at San Francisco CA - Dec 5 - 8, 2016
RoboUniverse San Diego at San Diego CA - Dec 14 - 15, 2016
DGI 2017 at QEII Centre London United Kingdom - Jan 23 - 25, 2017
Trimble
Teledyne Optech
University of Denver GIS Masters Degree Online
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy