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.
Oracle buys Collective Intellect 

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.

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