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Oracle has announced that 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.
"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.”
Oracle has announced that 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.
To read the full Press Release click here
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
Customer Letter
Partner Letter
General Presentation
FAQ
Oracle Projects website
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