The Company will be combined with existing Oakley Capital portfolio company Ekon, a Spanish provider of Enterprise Resource Planning ERP software, to create a new group under the name Grupo Primavera, which will be the largest independent provider of business software in Iberia. The transaction is subject to regulatory approval.
PRIMAVERA is widely recognised as a market leader, with a strong brand and reputation, and is supported by a broad distribution network of over partners. The newly established group will be the largest independent software platform serving SMEs in Iberia, with over 55, customers, cEUR60 million of revenues and double-digit annual growth, driven by the rapid adoption of Software as a Service SaaS solutions.
The Iberian business software market continues to benefit from long-term structural growth, as SMEs digitise and adopt cloud technology. Portugal and Spain lag international benchmarks in cloud adoption, at c25 per cent and c30 per cent, respectively, compared to over 60 per cent in Northern Europe.
As the business community began to seek software applications that ran on the Microsoft Windows platform — accelerating in with Windows 3. Primavera was ready. In April , the company launched P3 for Windows. When we sat down to name the company, we very purposefully chose a name that would be understood and accepted internationally.
Whether exploring emerging technologies or envisioning a changing marketplace, Primavera cofounders Dick Faris and Joel Koppelman see Figure 5 , were ready for the future. In the late s , with the rise of networks and the Internet, it became clear that the future of project scheduling software lay beyond a single product installed on one person's desktop.
Instead, project scheduling was moving towards systems that could be accessed simultaneously by multiple people in different locations. By the end of the decade, the company, once again ahead of an evolving marketplace, introduced P3e and TeamPlay. To look at Primavera in the s is to see the future. Its history of project excellence and commitment to customers has positioned Primavera as the company most likely to revolutionize the future of project management.
The new partnership enabled Primavera to acquire ProSight, a portfolio analysis software company, and Pertmaster, a risk analysis and mitigation software company. The acquisitions also brought new offices in Crystal City, Va. Over the years, the products have appeared to merge and diverge, adding capabilities such as timesheet entry, integration, and portfolio analysis, eventually evolving into what is now called P6. In , Primavera 5.
In , another major change occurred. Primavera, a privately held company, was bought by Oracle, a publicly held corporation. In , soon after P6. Starting as a database provider in , Oracle had grown over the years into a large and influential company, focused not only on databases, but on providing an array of software products that are fundamental to managing modern businesses. This array included enterprise resource planning ERP systems, content management systems, analytical and reporting systems, and application servers and technology, to describe just a few.
In order to ensure that they also owned the best-of-breed in project scheduling software, Oracle acquired Primavera Systems in Oracle acquired Primavera Systems Figure 6: Oracle Primavera Logo.
Since the acquisition, P6 has undergone a number of changes. First, the various names were consolidated into one: P6. Oracle also spent considerable resources improving and adding to the product. For example, P6 now supports a standards-compliant Web Services API; it can run from a cluster of WebLogic or WebSphere application servers; and the full capabilities of the system are now available through a web browser. KIM Engineering is a team of professionals.
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