History of Primavera Systems, Inc
Primavera Systems, Inc. was founded on May 1, 1983 by Joel Koppelman and Dick Faris. It traded as a private company based in Pennsylvania (USA), developing software for the Project Portfolio Management market. To help expand its product capabilities, Primavera acquired Eagle Ray Software Systems in 1999, Evolve Technologies (a professional services automation vendor) in 2003, ProSight (an IT portfolio management software vendor) in 2006, and, in the same year, Pertmaster (a project risk management software vendor).
In 2008, Oracle announced it was acquiring Primavera, turning it into the Primavera Global Business Unit (PGBU).
In 2011, Joel Koppelman announced his retirement and was succeeded by Mike Sicilia, SVP and General Manager. The co- founder, Dick Faris, remains in the PGBU as Sr Vice President, Customers.
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