Deals

Oracle to acquire facilities management app maker Skire

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Image Credit: Oracle/Flickr
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Oracle-Larry-Ellison

Enterprise software titan Oracle has agreed to buy facilities management app maker Skire, the company announced Thursday.

Skire’s software helps manage the planning, construction, and maintenance of many kinds of buildings around the world. Oracle intends to combine Skire with its Privavera products, which are designed to help people and organizations manage large-scale projects better.

“The capital construction and facilities industry has for decades sought a tighter relationship and greater synchronization between owners and service providers, and the Oracle-Skire combination makes that vision a reality,” Skire CEO and founder Massy Mehdipour said in a statement. “This announcement is the result of years of tremendous dedication by our employees, and with the support of our customers we are thrilled to be joining Oracle to provide the choice of both cloud-based and on-premise governance spanning the entire lifecycle of EPPM.”

This will be Oracle’s fifth acquisition this year, and just last week Oracle agreed to buy Involver. The company also agreed to buy Taleo, Vitrue, and Collective Intellect.

Oracle said will acquire “substantially all” of Skire’s assets. The terms of the deal were not disclosed.

Larry Ellison photo: Oracle/Flickr