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November 6, 2008 Oracle Acquires PrimaveraAcquisition Signals Intent To Serve Project-Intensive Industries With Leading Project-Based Solutions For The Enterpriseby Margo Visitacion, R "Ray" Wang with Mike Gilpin, Wallis Yu |
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Executive Summary
On October 8, 2008, Oracle announced its intention to acquire Primavera Systems for an undisclosed amount. The acquisition brings together a leading project financials vendor with a leading enterprise/capital project and program management vendor, a combination that Forrester expects to bring a positive outcome for customers. Application development and program management professionals can expect Oracle to use this opportunity to extend its industry coverage into project-intensive industries, build on growing interest in project portfolio management (PPM), and expand project-based solutions (PBS) into the enterprise.
This is an excerpt
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