Oracle Acquires Primavera

Oracle has announced that it is to acquire Primavera, a software company that focuses on enterprise project portfolio management, PPM. Financial terms of the deal were not disclosed.

The acquisition follows Oracle’s moves to expand its services, transport, and construction, STC, business. While Oracle already has a significant existing client base in project-intensive industries, through a combination of core technology assets, middleware, Siebel, E-Business Suite, PeopleSoft, JD Edwards, and Agile, there is still heavy supplier fragmentation in those markets.

By acquiring Primavera, it has started to arm its salesforce with stronger arguments to push for highly lucrative enterprise licensing agreements.

Source: www.computerwire.com

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