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TMCNet:  Oracle to acquire Instantis

[November 09, 2012]

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.
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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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