"Enterprise PPM is moving to the forefront of business strategy for industries managing complex and capital-intensive projects, and has emerged as a global driver for value creation and business success," said Oracle president Charles Phillips.
Primavera chief executive Joel Koppelman added: "Primavera is a natural addition to accelerate Oracle's application strategy for project-intensive industries."
The deal follows Oracle's purchase of Advanced Visual Technology (AVT) on 1 October. The database giant did not disclose details of the financial transactions for either AVT or Primavera.
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