Primavera(R) Celebrates 25 Years of Helping Customers Achieve Excellence in Project, Program and Portfolio Management

2.5 Million People Worldwide Have Used Primavera Software Solutions to Manage Projects Worth $6 Trillion

PHILADELPHIA, May 1 /PRNewswire/ -- 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.

"Our mission is to rid the world of project failure," said Joel Koppelman, CEO. "We continually talk to customers to gain a better understanding of their specific industries and identify the challenges that keep their projects from running smoothly today, as well as foresee those they will face tomorrow. I firmly believe that projects can run successfully and we plan to spend the next quarter century and beyond helping our customers succeed."

About Primavera

Primavera is a software company that provides business solutions for a project-driven world. The company helps organizations identify which projects are most important, and makes it easy for people to work collaboratively on those projects and deliver them successfully. Primavera solutions are industry-specific and highly scalable, with the power to support global enterprises. Primavera solutions have ensured the success of projects collectively worth more than $6 trillion, ranging from small to large projects as well as public and private projects. Primavera solutions have successfully managed IT projects that span the globe, the complex manufacturing of high tech products, construction of the world's tallest buildings, ongoing multi-billion dollar oil discovery projects, and space exploration.

Primavera and the Primavera sundial logos are either trademarks, services marks or registered trademarks of Primavera in the United States and/or other countries. All other trademarks mentioned herein are the property of their respective owners.

    For more information, contact:
    Stacey Rodemer                                                 Jeff Miller
    Primavera Systems, Inc.                                Davies Murphy Group
    610-949-6905                                                  541-207-3461                               

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