Oracle buys Instantis

Oracle Corp. has made another acquisition to expand its cloud computing offerings.

The company said Thursday that it has made an offer to buy privately-held Instantis, which makes cloud-based and on-premise project portfolio management (PPM) applications.

In a news release Oracle said that it will combine Instantis’ EnterpriseTrack with its Primavera and Fusion Applications to provide a comprehensive set of cloud-based and on-premise enterprise project management solutions.

As a result, Oracle said, users will be able to manage, track and report on enterprise strategies – from capital construction and maintenance, to manufacturing, IT, new product development, Lean Six Sigma, and other corporate initiatives.
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Instantis also sells the EnterpriseStream collaboration and social networking suite capability for project managers.
The deal for Instantis is just one of a series of cloud solution providers Oracle has recently bought as it tries to keep up with Salesforce.