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.
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