Oracle (ORCL) announced that it has entered into an agreement to acquire substantially all of the assets of Skire. Terms of the agreement were not disclosed.
Skire is a provider of capital program management and facilities management applications available both in the cloud and on-premise.
By combining Skire with industry leading capabilities from Oracle Primavera products, Oracle intends to create a full lifecycle Enterprise Project Portfolio Management (EPPM) platform that provides a comprehensive offering from capital planning and construction to operations and maintenance for owners and operators, contractors and sub-contractors. The combination is lso expected to help organizations manage their projects with more predictability and financial control, improving profitability and operational efficiency.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.