Oracle has signed an agreement to acquire Skire, which develops software to help companies plan and execute projects.
Skire provides a set of management and governance tools across all project phases from planning and building to operations, enabling companies to efficiently manage their capital and construction programmes.
Skire provides cloud-based and on-premise capital programme management and facilities management applications, and with the acquisition, Oracle will combine Skire with its Primavera applications to create a project management platform to offer organisations with capital planning, construction and operations applications.
The integrated applications is expected to help organisations manage their projects with predictability and financial control, improving profitability and operational efficiency, Oracle said.
Oracle intends to create a full lifecycle Enterprise Project Portfolio Management (EPPM) platform by combining Skire with capabilities from Oracle Primavera products.
The full lifecycle EPPM provides an application from capital planning and construction to operations and maintenance for owners and operators, contractors and sub-contractors.
Oracle Primavera senior vice president and general manager Mike Sicilia, “Adding Skire to the Oracle Primavera Suite will help our customers gain complete visibility, automation and financial control across their entire project and program portfolio to help them manage for long-term growth.”