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Oracle Expands Project Portfolio Management with Skire Acquisition; Enters Agreement to Buy Instantis


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Oracle, which in September acquired substantially all of the assets of Skire, a provider of capital program management and facilities management applications, has completed the integration of the new Skire products into its Primavera product line, Mike Sicilia, senior vice president and general manager, Oracle Primavera, tells 5 Minute Briefing. The combination is aimed at helping organizations manage their projects with more predictability and financial control, improving profitability and operational efficiency.

Skire’s software provides a complete set of management and governance tools across all project phases from planning and building to operations, enabling companies to manage their capital and construction programs. By combining Skire with capabilities from Oracle Primavera products, Oracle said, when the acquisition was first announced in July, that it aimed to create a full lifecycle enterprise project portfolio management (EPPM) platform to provide a comprehensive offering from capital planning and construction to operations and maintenance for owners and operators, contractors and sub-contractors.

The integration is now complete, says Sicilia. “We have put the effort in. We have got the product integrations completed. We have got the technical integrations completed. It is all systems go here for this to be available on the Oracle Cloud as well as on-premise, should customers desire to consume it that way.” 

The new offering combines the best of Primavera with the best of Skire, says Sicilia. “We believe from a competitive standpoint we have an unmatched capability in the industry today with what we call the plan-build-operate, which is our process and information flow and it spans everything from capital planning to construction to operations and maintenance.”

In the past, the Primavera products were primarily focused in the building trades, and on complex engineering and construction  projects, while the Skire products had a greater focus on the operations side of the business. In addition, more recently Primavera has had an added focus on portfolio management, notes Sicilia. The new combined solution covers all phases of planning from the planning of building a particular facility, including thinking about where to build and invest, as well as the actual construction, whether it is as complex as a power plant or as simple an ATM kiosk, and then once the building piece is done, it also covers the operations consideration, including maintenance, and even decommissioning, says Sicilia.  “There is one solution from the time you conceive a facility to the time you operate it and one single source of the truth.”

More information about Primavera can be found at www.oracle.com/skire.

Separately, Oracle also announced earlier this month that it has entered into an agreement to acquire Instantis, a provider of cloud-based and on-premise project portfolio management (PPM) solutions. According to Oracle, Instantis enables IT departments, product development teams, and business process leaders to manage multiple corporate initiatives, and improve strategic alignment, execution, and financial performance. Terms of the agreement were not disclosed. More information about the announcement can be found at www.oracle.com/instantis.


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