November 8, 2012 – Oracle announced Thursday it had entered into an agreement to acquire on-premise and cloud-based portfolio management vendor Instantis for an undisclosed sum.
Upon the completion of the proposed deal, Instantis employees and solutions would join Oracle’s Primavera enterprise portfolio management line and Fusion applications. Oracle stated that Instantis’ cloud and on-premise project portfolio management offerings for IT, product development and process improvement are largely complementary to its Primavera solutions, though the Instantis solutions would be further developed as part of Primavera to expand its PPM capabilities in order to support business sponsors and project teams.
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