Oracle's spending spree continues.
The database giant has entered an agreement to buy Instantis, a provider of cloud-based and on-premise project portfolio management services, Oracle announced today.
Oracle is planning to combine Instantis with its own products, notably Primavera and Fusion applications, as the company continues to develop its plans to provide a wide array of cloud-based and enterprise focused project management services.
Oracle says by combing the products, it will allow customers to manage, track and report on enterprise strategies.
Terms of the agreement were not disclosed, but noted that until the transaction closes, Oracle and Instantis will continue to operate independently and the companies are focused on normal business as usual.
Oracle Primavera general manager Mike Sicilia said in prepared remarks: "By adding Instantis, Oracle can help customers gain complete visibility and control of their mission-critical project initiatives using a top-down approach suited for projects throughout the entire organization."
In an Oracle--Instantis FAQ published on its website [PDF], Oracle said it plans to "continue to invest in Instantis' technology," while, "deepening the integration capabilities with Oracle technology."
First pushing into the project management space in 2008 with the acquisition of Primavera, today's announcement should help bolster Oracle's position moving forward. Oracle increasingly competes with SAP in this space, and the one-upmanship continues between the two companies, trying to get the lead over the other.
This year alone, Oracle has bought a bevy of companies and services, not limited to on-demand talent management firm Taleo, social media analytics company Collective Intellect, , and ,
Oh, and outside Oracle but still relevant,-- as one does with billions of dollars to their name.