Primavera Systems
| Company type | Privately held company |
|---|---|
| Industry | Software, Project Portfolio Management |
| Founded | May 1, 1983 in Pennsylvania, United States |
| Founder | Joel Koppelman, Les Seskin, Dick Faris |
| Fate | Acquired by Oracle Corporation |
| Successor | Primavera Global Business Unit (Oracle) |
| Headquarters | Pennsylvania , United States |
| Products | Project Portfolio Management software |
| Parent | Oracle Corporation (since 2009) |
Primavera Systems, Inc operated as a privately held firm specializing in Project Portfolio Management (PPM) software designed to assist organizations with extensive project demands in prioritizing and overseeing project portfolios of various scales. On January 1, 2009, Oracle Corporation completed the acquisition of Primavera, incorporating it into its suite of offerings.
Corporate
Established on May 1, 1983, in Pennsylvania by Joel Koppelman, Les Seskin, and Dick Faris, Primavera concentrated on the development of PPM software solutions. To broaden its product range, the company acquired Eagle Ray Software Systems in 1999, Evolve Technologies (specializing in professional services automation) in 2003, ProSight (focused on IT portfolio management) in 2006, and Pertmaster (project risk management) also in 2006.
Oracle's acquisition of Primavera took place in 2008, leading to the creation of the Primavera Global Business Unit (PGBU). After nearly three decades, Oracle ceased sales of the P3 and SureTrak products on December 31, 2010.
Co-founder Joel Koppelman retired in 2011 and was succeeded by Mike Sicilia as Senior Vice President and General Manager. Dick Faris stepped down from his role as Senior Vice President, Customers in December 2014.
By 2016, the Primavera Global Business Unit had transformed into the Oracle Construction and Engineering Global Business Unit (CEGBU), following several strategic acquisitions such as Skire (known as Primavera Unifier), Instantis (providing cloud-based PPM solutions), and Textura (offering contract management and online payment systems tailored for construction). More recently, CEGBU expanded further by integrating Australian company Aconex, enhancing its capabilities in project controls, collaboration, document management, and Building Information Modeling (BIM).