Website www.oracle.com Headquarters Philadelphia | Founded 1983 Parent organization Oracle Corporation | |
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Industry Computer Software
Project Portfolio Management
Enterprise Project Portfolio Management Fate Primavera Systems Inc. became Oracle Primavera when acquired by Oracle Corporation in 2008 | ||
Primavera software
Primavera Systems, Inc was a private company providing Project Portfolio Management (PPM) software to help project-intensive organizations identify, prioritize, and select project investments and plan, manage, and control projects and project portfolios of all sizes. On January 1, 2009 Oracle Corporation took legal ownership of Primavera.
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Corporate
Joel Koppelman, Les Seskin and Dick Faris founded Primavera Systems, Inc. on May 1, 1983. It traded as a private company based in Pennsylvania (USA), developing software for the Project Portfolio Management market. To help expand its product capabilities, Primavera acquired Eagle Ray Software Systems in 1999, Evolve Technologies (a professional services automation vendor) in 2003, ProSight [2][3] (an IT portfolio management software vendor) in 2006, and, in the same year, Pertmaster (a project risk management software vendor).
In 2008 Oracle Corporation acquired Primavera, and turned it into its Primavera Global Business Unit (PGBU).
After a 27-year version life, Oracle ceased sales of the P3 and SureTrak versions on December 31, 2010.
In 2011, co-founder Joel Koppelman announced his retirement; Mike Sicilia, SVP and General Manager, succeeded him. Co-founder Dick Faris remains in the PGBU as Senior Vice President, Customers.