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 has closed.
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.
Skire customers and partners: Please use your existing contacts for support, professional services, and sales.
Oracle is currently reviewing the existing Skire product roadmap and will be providing guidance to customers in accordance with Oracle's standard product communication policies. Any resulting features and timing of release of such features as determined by Oracle's review of Skire's product roadmap are at the sole discretion of Oracle. All product roadmap information, whether communicated by Skire or by Oracle, does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. It is intended for information purposes only, and may not be incorporated into any contract.
Cautionary Statement Regarding Forward-Looking Statements