Deal expected to augment Microsoft's enterprise project management offering and provide customers with additional Office system-based solutions.

Microsoft Corp. announced the intent to acquire software and IP assets from UMT, a leading project and portfolio management software and consulting firm that helps companies create, manage and optimize project, application, product and process portfolios. Microsoft expects to combine the technology and expertise of UMT with its existing Microsoft Office Enterprise Project Management (EPM) Solution based on Microsoft Office Project Professional 2003 and Microsoft Office Project Server 2003.

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