Oracle Press Release

Leading Analyst Firm Names Oracle as a Leader for IT Project Portfolio Management

Redwood Shores, Calif. – July 27, 2010

News Facts

Gartner, Inc. has named Oracle a leader in its report “Magic Quadrant for IT Project and Portfolio Management, 2010.”*
Gartner defines IT Project and Portfolio Management (PPM) applications as those that “primarily automate and centralize the collection of data about demand, costs, schedules and resources for investment prioritization, as well as the execution of the programs and projects delivering new technologies and other IT assets to the business. They can also be used to assess, justify, rationalize and otherwise control the investment in ongoing IT operations or specific applications.”
Oracle's PPM solutions support the full lifecycle of project and portfolio management with an integrated, accurate view of all project-related activities, helping companies and organizations achieve and maintain strategic advantage over their competitors.

Supporting Quote

“Oracle’s PPM for IT is an integrated solution with capabilities to help assess, select and manage complex project portfolios. The solution provides enterprise visibility into project resources, schedules, budgets, costs and challenges to enable better IT project planning, execution, and governance. With these tools, an IT organization acquires an intuitive platform to increase IT agility, effectiveness and structured portfolio assessment methods rapidly,” said Joel Koppelman, senior vice president and general manager, Oracle’s Primavera Global Business Unit. “Oracle is pleased to be recognized by Gartner as a leader in the Magic Quadrant for IT Project Portfolio Management.”

Supporting Resources

*Gartner “Magic Quadrant for IT Project and Portfolio Management, 2010,” by Daniel B. Stang, June 7, 2010.

About the Magic Quadrant

The Gartner Magic Quadrant is copyrighted 2010 by Gartner, Inc., and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Oracle Applications

Over 65,000 customers worldwide rely on Oracle's complete, open and integrated enterprise applications to achieve superior results. Oracle provides a secure path for customers to benefit from the latest technology advances that improve the customer software experience and drive better business performance. Oracle Applications Unlimited is Oracle's commitment to customer choice through continuous investment and innovation in current applications offerings. Oracle's next-generation Fusion Applications build upon that commitment, and are designed to work with and evolve Oracle's Applications Unlimited offerings. Oracle's lifetime support policy helps ensure customers will continue to have a choice in upgrade paths, based on their enterprise needs. For more information on the latest Oracle Applications releases go to: www.oracle.com/applications.

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Contact Info

Danielle Cormier
Oracle
+1.610.766.3463
danielle.cormier@oracle.com

Simon Jones
Blanc & Otus
+1.415.856.5155
sjones@blancandotus.com