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Microsoft Procures Project Software Firm

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Saturday, December 17th, 2005 | Related entries: Software

Microsoft on Friday announced plans to obtain software and intellectual property from United Management Technologies (UMT) which it will incorporate into the next revision of Office. UMT provides project and portfolio management software that already connects with Microsoft Office Enterprise Project Management.

Chris Capossela, corporate vice president of Microsoft’s Information Worker Product Management Group said, “With UMT’s technology and portfolio framework, we will extend the Office EPM Solution to offer an end-to-end enterprise project and portfolio management solution.” Financial terms of the deal were not revealed.

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