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Slideshow Oracle to buy privately held Skire Tweet Share this Email Print Related News Olin Corp bulks up higher-value chemicals with $328 million buy Wed, Jul 18 2012 ThinkEquity starts Callidus Software with buy, shares up Fri, Jul 13 2012 Cogeco Cable profit rises, but sees tough times ahead Thu, Jul 12 2012 Comcast's NBC to sell A&E Television stake for $3 billion Tue, Jul 10 2012 Informatica hits 2-year low on weak outlook Fri, Jul 6 2012 Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Thu Jul 19, 2012 8:54am EDT (Reuters) - Software maker Oracle Corp said it would buy privately held Skire Inc, which makes software that helps companies plan and execute projects, for an undisclosed amount. Skire is Oracle's fifth acquisition this year. The company bought Taleo Corp, a maker of Web-based software for recruiting employees, for $1.9 billion earlier this year. Menlo Park, California-based Skire, which was founded in 2000, will help its customers deliver projects on time and budget, improving efficiency and cutting costs, Oracle said. The deal is expected to close in the second half of 2012, after which Skire products will be added to Oracle's project portfolio management offering for large companies. Skire's customers include Anheuser Busch Inbev SA, ConocoPhillips Co, Boise Inc, DTE Energy Co and Xcel Energy Inc. Oracle reported strong quarterly results last month as sales of new software licenses jumped, while rival IBM raised its full-year profit target on Wednesday reflecting its ability to manage costs as global technology spending sputters. (Reporting by Sayantani Ghosh in Bangalore; Editing by Sreejiraj Eluvangal) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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