Oracle announced today that it has acquired Instantis, a provider of cloud-based and on-premis project portfolio management solutions.
The company will combine Instantis with its Primavera and Fusion Applications. Users will be able to track and report on enterprise strategies, like capital construction and maintenance, manufacturing, IT, new product development, Lean Six Sigma, and other corporate initiatives, the company says.
Instantis CEO and Founder Prasad Raje added, "Oracle's acquisition of Instantis represents a strong endorsement of the EnterpriseTrack cloud-based technology and the value customers have achieved with our solutions. We're excited to be a part of Oracle as we combine resources to help the business scale more rapidly.