Oracle today announced that it has entered into an agreement that it let acquire all the assets of Skire, a provider of capital program management and facilities management applications available both in the cloud and on-premise. Skire’s software enables companies to efficiently manage their capital and construction program. The acquisition will let Oracle to create a full lifecycle Enterprise Project Portfolio Management (EPPM) platform that provides a comprehensive offering from capital planning and construction to operations and maintenance for owners and operators, contractors and sub-contractors. The terms of the agreement were not disclosed and are expected to close in the second half of 2012.
