Oracle, which has been on an acquisition tear lately, said July 19 that it has bought most of the assets of business software developer Skire, which makes a suite of capital program management and facilities management applications.
Skire's applications, which Oracle will add to its growing collection of choices to be made available through its new Oracle Cloud, can also be used in on-premise deployments. Terms of the transaction were not revealed by Oracle.
Skire's software consists of a set of management and governance tools that span all project phases from planning and building to operations, enabling companies to better manage their capital and construction programs.
By combining Skire with its 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 subcontractors, the company said.
The full suite of apps is designed to help organizations manage their projects with more predictability and financial control, improving profitability and operational efficiency.