Oracle Press Release

Oracle Buys Assets of Skire

Adds Leading Cloud-based and On-premise Capital Program Management and Facilities Management Applications to Oracle Primavera Project Portfolio Management

Redwood Shores, CA – July 19, 2012

News Facts

Oracle today announced that it has entered into an agreement to acquire substantially all of the assets of Skire, a leading provider of capital program management and facilities management applications available both in the cloud and on-premise.

Skire’s software provides a complete set of management and governance tools across all project phases from planning and building to operations, enabling companies to efficiently manage their capital and construction programs.

By combining Skire with industry leading capabilities from Oracle Primavera products, Oracle intends to create a full lifecycle Enterprise Project Portfolio Management (EPPM) platform that provides a comprehensive offering from capital planning and construction to operations and maintenance for owners and operators, contractors and sub-contractors.

The combination is expected to help organizations manage their projects with more predictability and financial control, improving profitability and operational efficiency.

Terms of the agreement were not disclosed. More information on this announcement can be found at http://www.oracle.com/skire.

Supporting Quotes

“Project-intensive enterprises are facing intense pressure to deliver projects on time and on budget”, said Mike Sicilia, senior vice president and general manager, Oracle Primavera. “Adding Skire to the Oracle Primavera Suite will help our customers gain complete visibility, automation and financial control across their entire project and program portfolio to help them manage for long-term growth.”

“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,” said Massy Mehdipour, founder and CEO of Skire. “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.”

Supporting Resources

About Oracle and Skire

General Presentation

Customer Letter

FAQ

About Oracle

Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NASDAQ:ORCL), visit www.oracle.com.