- Primavera Becomes the Global Market Leader
Primavera Systems, Inc., today announced that it has acquired two companies: ProSight, Inc., a portfolio analysis solutions company based in Portland, Ore., USA and Pertmaster, Ltd., a risk analysis and mitigation solutions company based in the United Kingdom.
Terms of the transactions were not released. The acquisitions will make Primavera Systems the market share leader in the project portfolio management category.
"Through the acquisition of ProSight and Pertmaster, we have created the industry's first, truly end-to-end project and portfolio management solution," said Joel Koppelman, CEO of Primavera. "We are the only company in the world that can help organizations choose the projects they need to support a business strategy, and then help them execute on those projects successfully. What's more, we are the only company that can present customers with both a realistic range of the most likely outcomes for a portfolio of projects and a set of options to mitigate those risks."
ProSight's solutions, which help customers analyze and plan their project and portfolio investments, will be marketed as Primavera ProSight, a stand-alone product that integrates with the rest of Primavera's solutions.
Primavera will retain all of ProSight's offices, including its headquarters in Portland, Ore., its Federal office in Crystal City, Va., and its development office in Jerusalem, Israel.
"By joining with Primavera, our customers will now have access to Primavera's world-class solutions to plan, execute on and control projects beyond the initial portfolio analysis," said John Cimral, CEO of ProSight.
"Primavera's well-known commitment to superior service and support will certainly benefit ProSight's customers."
Pertmaster's risk analysis and mitigation solutions will be marketed as Primavera Pertmaster, a stand-alone product that integrates with the rest of Primavera's solutions. Primavera will retain all of Pertmaster's offices in the UK and US.
"Primavera has been our most important partner for a long time," said Sarim Khan, CEO of Pertmaster. "Bringing our two companies together was a natural move. Primavera is the world's largest software company dedicated exclusively to project, portfolio and resource management, and its purchase of Pertmaster is proof of its strong commitment to the Pertmaster solution and our customers."