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Home > Features > Interviews
Primavera cofounder and CEO Joel Koppelman is overseeing the company’s strongest growth in a 24-year history, but he’s not quite satisfied. As part of our ongoing series of conversations with industry thought leaders, he shares insights on the governance of government projects, the challenges of collaboration, and teaching teamwork to kids.
It has been a busy couple years for Primavera, the world’s largest independent provider of project and portfolio management solutions, which are currently used by more than 2 million people to manage work valued at more than $5.5 trillion. In May 2006, Primavera sold a 75 percent interest to two private-equity firms in a deal that raised an estimated $150 million. Only months later, Primavera leveraged that investment to acquire two key players in the project management space: portfolio analysis software maker ProSight and risk analysis tools provider Pertmaster.
“Through the acquisition of ProSight and Pertmaster, we have created the industry’s first, truly end-to-end project and portfolio management solution,” Koppelman said at the time. “We are the only company in the world that can help organizations choose the projects they need to support a business strategy, and then help them execute on those projects successfully. What’s more, we are the only company that can present customers with both a realistic range of the most likely outcomes for a portfolio of projects and a set of options to mitigate those risks.”
In February of this year, Primavera reported record revenue and profitability for 2006, marking its 24th consecutive year of revenue growth since it was founded in 1983.
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