Oracle Primavera

On October 8, 2008, Oracle announced an agreement to acquire Primavera, a leading provider of Project Portfolio Management (PPM) solutions for project-intensive industries. The combination of Oracle and Primavera’s capabilities is expected to deliver the first, comprehensive Enterprise PPM solution.

Primavera offers best-in-class solutions focused on the mission critical PPM requirements of key vertical industries including engineering and construction, public sector, aerospace and defense, utilities, oil and gas, manufacturing and high tech, and IT and services.

Primavera is a recognized leading choice for mission critical PPM solutions and helps more than 5,000 global customers and over 2.5 million users propose, prioritize, select, plan, manage, and control complex projects. Primavera offers solutions for industries that are a critical focus for Oracle including engineering and construction, public sector, aerospace and defense, utilities, oil and gas, manufacturing and high tech, and services and IT.

Primavera’s products are complementary to Oracle’s leading applications, middleware, and database offerings, and delivers the first comprehensive Enterprise Project Portfolio Management solution for project-intensive industries, all from a single, global vendor. Oracle supports and develops standards and functional integrations to Oracle and non-Oracle enterprise applications to ensure all customers receive maximum benefit from these combinations.

Oracle is well positioned and committed to support Enterprise PPM customers. Effective project portfolio management integrated with financial, human capital management, product lifecycle management, supply chain applications, and infrastructure software removes the silos that separate traditional PPM from other key enterprises, and is critical to accelerating business innovation, enabling efficient project execution, driving project profitability, and reducing risk for large complex and capital intensive projects.