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Oracle to acquire Instantis
Nov 09, 2012 (Datamonitor Financial Deals Tracker via COMTEX) --
Oracle Corporation, an enterprise software company, has entered into an agreement to acquire Instantis, Inc., a provider of cloud-based and on-premise project portfolio management (PPM) solutions. Both the companies are based in the US.
Earlier, Instantis had secured funding from US Venture Partners, JK&B Capital, Shea Ventures, Goldman Sachs and Kanwal Rekhi.
The transaction is expected to complete by the end of 2012.
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Announced: 2012-11-08
Deal Participants
Target (Company) Instantis, Inc.
Acquirer (Company) Oracle Corporation
Deal Rationale
The acquisition will allow Oracle to expand its cloud-based and on-premise enterprise project portfolio management solutions allowing customers to plan and execute initiatives throughout their organizations.
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