Primavera acquisition gives ERP vendor PPm a boost

Project, programme and portfolio management software solutions provider (PPM) Primavera Systems, is to be brought by ERP vendor Oracle, it was recently revealed.

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By  Administrator Published  October 18, 2008

Project, programme and portfolio management software solutions provider (PPM) Primavera Systems, is to be brought by ERP vendor Oracle, it was recently revealed.

Primavera - which claims its products have help to manage projects around the globe totalling more than US$6 trillion - will become an Oracle Enterprise PPM business unit under the acquisition.

"As a leader in PPM solutions with over 25 years experience helping customers succeed at managing projects, programmes and portfolios, Primavera is a natural addition to accelerate Oracle's application strategy for project-intensive industries," says Primavera's 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."

Primavera employees and management will join Oracle to form a global business unit focused on Enterprise PPM, with Koppelman leading the business unit as senior vice president and general manager. Oracle Enterprise PPM will be tailored to project-intensive industries such as the engineering and construction sector, aerospace and defense, utilities, oil and gas, manufacturing and professional services.

Oracle President Charles Philips claims that PPM is now 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.

"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," asserts Philips.

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