Top Company Profiles - Oracle Buys Primavera - Oracle Corporation

Creates First, Comprehensive Enterprise Project Portfolio Management Solution for Project-Intensive Industries

REDWOOD SHORES, Calif., Oct 08, 2008 /PRNewswire-FirstCall via COMTEX News Network/ --

    News Facts

-- Today, Oracle announced it has agreed to acquire Primavera Software,
Inc., a leading provider of Project Portfolio Management (PPM) solutions, to
accelerate its momentum in delivering mission-critical operational
applications.

-- Primavera's PPM software helps companies propose, prioritize and select
project investments, and plan, manage and control the most complex projects
and project portfolios.

-- Together with Oracle's applications and infrastructure software, Oracle
expects to provide the first comprehensive enterprise project portfolio
management solution that helps companies allocate the best resources, reduce
costs, meet delivery dates and ultimately make better decisions, all by using
real-time data.

-- Oracle Enterprise PPM will be tailored to project-intensive industries
such as engineering and construction, aerospace and defense, utilities, oil
and gas, manufacturing, and professional services.

-- Primavera employees and management are expected to join Oracle to form
a global business unit (GBU) focused on Enterprise PPM, and to help ensure a
smooth transition for Primavera customers and partners. Primavera's CEO Joel
Koppelman is expected to lead the business unit as Senior Vice President and
General Manager.

-- The transaction is subject to customary closing conditions and is
expected to close in the second half of 2008. Until the deal closes, each
company will continue to operate independently. Financial details of the
transaction were not disclosed.

Supporting Quotes

-- "Enterprise PPM is moving to the forefront of business strategy for
industries managing complex and capital intensive projects, and has emerged as
a global driver for value creation and business success," said Oracle
President Charles Phillips. "With 20% of the world's GDP spent annually on
projects, the addition of Primavera is expected to extend Oracle's leadership
position in the enterprise application space."

-- "As a leader in PPM solutions with over 25 years experience helping
customers succeed at managing projects, programs and portfolios, Primavera is
a natural addition to accelerate Oracle's application strategy for project-
intensive industries," said Primavera CEO Joel Koppelman. "We are excited to
join Oracle as a new global business unit where we can ensure continuity and
success for our current and prospective customers and partners."

    Supporting Resources

    -- Oracle-Primavera information page
       http://www.oracle.com/primavera/index.html
    -- Customer Letter (http://www.oracle.com/primavera/customer-letter.html)
    -- Partner Letter (http://www.oracle.com/primavera/partner-letter.html)
    -- General Presentation
       (http://www.oracle.com/primavera/primavera-general-presentation.pdf)
    -- FAQ (http://www.oracle.com/primavera/primavera-faq.pdf)
    -- Oracle Projects website
       (http://www.oracle.com/applications/projects/intro.html)

About Oracle

Oracle (Nasdaq: ORCL) is the world's largest enterprise software company.
For more information about Oracle, please visit our Web site at
http://www.oracle.com.

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SOURCE Oracle

http://www.oracle.com