Oracle buys Skire

    Large corporations continue to buy up projects that seem to corporate leaders to be either useful, promising, or competing. Now Oracle has decided to acquire Skire, a long and successful company creating project management software. Actually, the main line of work of Skire is products for corporate users.

    Unfortunately, the amount that satisfied Skire's management is not called. But it is clear that Oracle had to pay a lot of money for such a company. Now the deal is in full swing, and it will be completed (if nothing prevents the transaction) by the end of this year. In general, for Oracle this is a rather interesting acquisition, which allows you to more firmly occupy niche areas of work.

    Thus, Skire systems are used in companies operating in the energy, medical, and educational fields. Skire's customers include quite a few well-known companies, including DTE Energy, ConocoPhillips and some others. Experts believe that the assets of the acquired company will be used in Oracle Primavera PPM (project portfolio management).

    It is worth noting that Oracle has already bought companies more than once or twice this year. For the corporation, this deal is already the fifth. Oracle's last purchase was Collective Intellect.


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