Oracle buys Primavera Software for new look project management
1 min read
Oracle’s announcement that it is to acquire project management software big boy Primavera puts an interesting spin on the latter, which hitherto jealously guarded its independence.
Oracle says it’s creating the “first comprehensive enterprise project portfolio management solution for project-intensive industries”.
Fact is that’s what Primavera already had, but the addition of Oracle does mean an opportunity for the database and applications giant to wrap its IT tentacles around the software – considerably tighter than before.
Primavera styled its PPM software as helping companies – often those in the process sector – to propose, prioritise and select project investments, and plan, manage and control the most complex projects and project portfolios.
Adding Oracle’s applications and infrastructure software, however, means asset-intensive and project-orientated manufacturers will be able to integrate their entire IT landscape into the process – as long as it’s Oracle.
Oracle president Charles Phillips says they’ll be able to allocate the best resources, reduce costs, meet delivery dates and ultimately make better decisions, all using real-time data.
“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,” he observes.
“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.”
