CIMdata PLM Industry Summary Online Archive

11 April 2008

Financial News

Primavera® Grows at Record Pace in 2007

Primavera Systems, Inc. released details of its record-breaking 2007 fiscal year (ended Dec. 31, 2007), in which the company capped 24 years of consistent revenue growth. Total revenue for 2007 increased by 43 percent to $176 million.

Primavera’s growth in 2007 was primarily driven by its ability to deliver industry-focused solutions that meet customer demand for end-to-end project, program and portfolio management. In recent years, organizations have increasingly adopted company-wide, standardized systems for project, program, resource and portfolio management. Primavera’s integrated software suite is the industry’s only solution that covers the entire project lifecycle, from prioritization, to program and portfolio management, to risk management and execution.

Customers who last year adopted Primavera as an enterprise-wide solution include:

•  American Electric Power

•  China Vanke Co., Ltd.

•  Dow Chemical

•  Duke Energy

•  Hill International, Inc.

•  MWH Global, Inc.

•  Southern Company Services

•  SunTrust Banks, Inc.

•  Washington State Department of Transportation

Primavera’s exceptional 2007 results extended beyond surpassing its financial goals. 2007 marked the successful integration of two companies that Primavera acquired in December 2006: ProSight, Inc., a portfolio analysis software company, and Pertmaster, Ltd., a risk analysis and mitigation software company.

 “For Primavera, 2007 was a pivotal year in which the company had to execute on a number of fronts simultaneously to succeed,” said Mitchell Codkind, Primavera’s CFO. “We successfully integrated two acquisitions while continuing to enhance our entire product line with new releases – all the while delivering to our customers the same world-class level of support and service for which we’re known. With this firm foundation in place, Primavera is well positioned to surpass last year’s revenue, profits and customer expectations once again in 2008.”

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