CIMdata PLM Industry Summary Online Archive
1 May 2008
Company News
Primavera® Celebrates 25 Years of Helping Customers Achieve Excellence in Project, Program and Portfolio Management
Primavera Systems, Inc., today celebrates the 25th anniversary of the company’s founding by CEO Joel Koppelman and Executive Vice President Richard Faris. For a quarter of a century, Primavera has developed project, program and portfolio management software solutions that have helped organizations select, prioritize and manage more than $6 trillion worth of projects.
As experienced project managers in 1983, both Koppelman and Faris quickly realized how the development of a strong planning and scheduling tool for the newly introduced IBM PC could transform project management software, which had previously only existed on a mainframe. Even though those first PCs had less memory than most modern cell phones, Koppelman and Faris were able to build a solution for this platform that revolutionized project management. For the first time, a wide variety of project managers had on-line, real time access to powerful scheduling capabilities that enabled them to plan and monitor the progress of large, complex projects from beginning to end and ensure those projects were delivered on time and on-budget.
As customers and their needs have grown, so have Primavera’s solutions, evolving today into Web-based solutions that interoperate with standard IT infrastructure platforms. They enable project participants to address important issues regarding the selection of strategic initiatives, project execution, resources, risk mitigation, change and cost. Because projects are global, Primavera lets thousands of people to collaborate, each of whom sees and interacts with the information that they need in their own language.
Today, 578 Primavera employees serve customers in 85 countries, with solutions targeted to: architecture, engineering and construction; public sector; aerospace and defense; power, energy and process; IT; and, discrete manufacturing. The company’s deep vertical market expertise has made it the largest independent vendor of project and portfolio management software solutions.
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