Microsoft to Acquire UMT

Microsoft Corp. announced the intent to acquire software and IP assets from UMT, firm that helps companies create, manage and optimize project, application, product and process portfolios. Microsoft expects to combine the technology and expertise of UMT with its existing Microsoft Office Enterprise Project Management Solution based on Microsoft Office Project Professional 2003 and Microsoft Office Project Server 2003.

Terms of the acquisition were not announced. UMT will maintain all current operations until the transaction closes. Following the acquisition, some members of the UMT executive team and a number of UMT product development employees are expected to join the Microsoft Office Project team. The consulting arm of UMT will remain a separate entity and become the UMT Consulting Group to help provide successful implementations of the Microsoft portfolio management software platform.

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