The race is on! Oracle is competing on a global stage against companies like SAP and SalesForce.com, companies who are further ahead in their offerings for cloud-based applications. Trying to play catch-up, Oracle announced earlier this year it was acquiring Skire (our take on Oracle’s acquisition of Skire) – a cloud-based enterprise capital portfolio management platform with core functionality similar to Primavera Contract Management (so I’m told but please correct me in the comment if I’m wrong) but with more features.
Now Oracle has agreed to buy Instantis – a leading provider of cloud-based and on-premise project portfolio management (PPM) solutions. And the Instantis solutions are to be part of the Oracle Primavera suite as well as the Oracle Fusion apps. Read the official Oracle press release.
What does Oracle’s acquisition of Instantis mean to you?
Well, in my research, I’ve learned that Instantis’ flagship product, EnterpriseTrack is built on a SaaS platform. What is SaaS? It stands for…
Software As A Service.
All SaaS applications are essentially cloud-based. You pay for the service, and get access to your own enterprise portal hosted in the cloud by the software company. Google Apps for Business is a good example of a SaaS product. If you purchase Google Apps, Google hosts your email, document repository and other apps on your behalf. The cost savings is significant over time.
So it’s pretty clear that Oracle and Primavera are moving fast in this direction of offering a SaaS cloud-based version of Primavera.
There could be many advantages to companies who use Primavera to use SaaS-based solutions instead of a self-hosted and self-managed installation. We hope the pricing would offer smaller to medium companies better options to get Primavera. Conceivably, updates could be pushed out to entire enterprises quickly and seamlessly. Ease of access using the cloud – wherever you find wifi you could login to Primavera. And of course, mobile access through phones and other devices. It’s about time!
Keep your eyes on Oracle Primavera in the next 2-3 months as well. A new version of P6 is due to be released at the end of 2012.
Drop us a comment with your opinions on the latest Oracle acquisition.