Oracle announced that it has entered into an agreement to acquire Instantis, a leading provider of cloud-based and on-premise project portfolio management (PPM) solutions.
Instantis enables IT departments, product development teams, and business process leaders to manage multiple corporate initiatives, and improve strategic alignment, execution, and financial performance.
By combining Instantis with leading capabilities from Oracle’s Primavera and Fusion Applications, Oracle expects to provide the most comprehensive set of cloud-based and on-premise Enterprise Project Portfolio Management solutions
The combined Oracle solutions will provide the ability to manage, track and report on enterprise strategies – from capital construction and maintenance, to manufacturing, IT, new product development, Lean Six Sigma, and other corporate initiatives.
Terms of the agreement were not disclosed. More information on this announcement can be found at www.oracle.com/instantis.