Microsoft to Acquire UMT, a Leading Provider of Portfolio Management Software and Solutions
On Dec. 15, Microsoft announced its intent to acquire the software and IP assets from UMT, a leading project and portfolio management software and consulting 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 (EPM) Solution based on Microsoft Office Project Professional 2003 and Microsoft Office Project Server 2003.
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