[Techtaffy Newsdesk]

Oracle has entered into an agreement to acquire Instantis, a provider of cloud-based and on-premise project portfolio management (PPM) solutions. Terms of the agreement were not disclosed.

Mike Sicilia (Senior vice president and General manager, Oracle Primavera): Organizations realize the need for a more simplified approach to address project portfolio management initiatives – and yet most solutions are too complicated and expensive to deploy.

The combined Oracle solutions will provide the ability to manage, track and report on enterprise strategies – from capital construction and maintenance, to manufacturing, IT, new product development, Lean Six Sigma, and other corporate initiatives.

[Image courtesy: Instantis]