Primavera Systems Buys Two

Primavera Systems Inc., a Bala Cynwyd, Pa.-based provider of project and portfolio management software, has acquired two companies: ProSight Inc., a Portland, Ore.-based provider of portfolio analysis solutions, and Pertmaster Ltd., a UK-based risk analysis and mitigation solutions company. No financial terms were disclosed. Francisco Partners and Insight Venture Partners acquired a majority stake in Primavera earlier this year, while ProSight has raised VC funding from such firms as BRM Capital, Genesis Partners, Giza Venture Capital, Prism Capital and Sequoia Capital.