Microsoft has unveiled plans to acquire the software and intellectual property of the development arm of UMT, which provides project and portfolio management technology alongside consulting services.
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Microsoft is planning to incorporate the technology from UMT into its existing Office Enterprise Project Management package, which combines software and IT services to help firms more effectively develop and manage their IT projects.
The consulting arm of UMT is not covered by the deal, but will continue to work with Microsoft to deliver the IT services that form part of the EPM package Microsoft offers.
“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”, said Microsoft’s Chris Capossela.
Terms of the deal, which is expected to close early in 2006, have not been disclosed.