On July 19, 2012, Oracle announced that it has entered into an agreement to acquire substantially all of the assets of Skire, a leading provider of capital program management and facilities management applications available on the cloud and on-premise. The transaction is subject to customary closing conditions and approvals and is expected to close in the second half of 2012.
Skire’s software provides a complete set of management and government tools across all project phases from planning and building to operations, enabling companies to effectively manage their capital and construction programs. By combining Skire with industry leading capabilities from Oracle 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 sub-contractors.
The combination of Oracle’s and Skire’s solutions is expected to help organizations manage their projects and facilities with more predictability and financial control, improving profitability and operational efficiency.
Read the press release