Oracle buys project management startup Instantis

November 8, 2012

Oracle on Thursday said it bought project portfolio management software developer Instantis, but didn’t disclose the terms of the deal.

The Santa Clara company was founded in 1999 by CEO Prasad Raje and was backed by more than $30 million from investors that include U.S. Venture Partners, JK&B Capital, Goldman Sachs and angel investor Kanwal Rekhi.

Instantis offers its project management software both in the cloud and as an on premises product.

Oracle said it will now have the most comprehensive set of project management solutions by adding Instantis to the capabilities of its current Primavera and Fusion offerings.

In addition to its Santa Clara headquarters, Instantis has regional sales offices in North America, a European sales and marketing headquarters in London; and offshore research and development centers in Mumbai and Pune, India.

Its customers include Dupont, Grace, Cardinal Healthcare and NCR.

This is apparently one of the smaller deals that Oracle CEO Larry Ellison said he would do when he ruled out bigger deals last month.

Oracle in the past 14 months has added a number of cloud offerings through acquisition, including paying $1.5 billion for RightNow, buying Vitrue for $300 million, putting up $1.9 billion to get Taleo and buying Selectminds for an undisclosed amount. In that time it also bought Xsigo for its software networking technology and added Endeca’s Big data analysis offerings through another deal.