Microsoft to Acquire UMT, a Leading Provider of Portfolio Management Software and Solutions
||Online News published in DMReview.com
December 20, 2005
Deal expected to augment Microsoft's enterprise project management offering and provide customers with additional Office system-based solutions.
Microsoft Corp. announced the intent to acquire software and IP assets from UMT, a leading project and portfolio management software and consulting firm that helps companies create, manage and optimize project, application, product and process portfolios. Microsoft expects to combine the technology and expertise of UMT with its existing Microsoft Office Enterprise Project Management (EPM) Solution based on Microsoft Office Project Professional 2003 and Microsoft Office Project Server 2003.
Founded in 1989 with headquarters in New York City, UMT connects the Microsoft Office Enterprise Project Management Solution with UMT's leading Portfolio Management solution via the UMT Microsoft Project Server Gateway. This helps organizations identify and prioritize the right portfolio of projects as well as execute successfully against deadlines, scope and budget. With the acquisition, Microsoft will further align the best of the portfolio and project management worlds for customers.
Terms of the acquisition were not announced. UMT will maintain all current operations until the transaction closes. Following the acquisition, some members of the UMT executive team and a number of UMT product development employees are expected to join the Microsoft Office Project team. The consulting arm of UMT will remain a separate entity and become the UMT Consulting Group to help provide successful implementations of the Microsoft portfolio management software platform.Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.
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