Thursday, October 02, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Intel Releases Internet of Things Developer Kit
Twitter Invests $10 million On MIT Project Related To Social Data Analysis
Internet Explorer and the Windows 10 Preview
ARM Announces Device Platform and Free Operating System For Internet of Things Deployment
ZOTAC Injects Palm-Sized ZBOX nano XS with Double Dose of Performance
Corsair Releases The Flash Voyager Vega Flash Drive
Mozilla Unveils Firefox-powered Matchstick Streaming Adapter
New ARM Solutions Reduce Time to Market for FinFET Designs
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 Home > News > General Computing > Oracle ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, April 13, 2006
Oracle Acquires Portal Software


Oracle Corp. announced on Wednesday that it will buy Portal Software Inc., a maker of billing and revenue management software for the communications and media industry, for $220 million.

The database and applications company is making a cash offer of $4.90 per share. Subject to regulatory and other approvals, the transaction is expected to close in June, Oracle said in its press release.

Portal's software enables communications companies to bill and manage a wide range of services, including wireline and wireless phones, broadband, cable, voiIP, and IP television, music and video.

Oracle said it will integrate its ERP applications and the CRM software it acquired through the purchase of Siebel Systems with Portal's billing and revenue management capabilities. Over time, Oracle may consider expanding the use of Portal's software in products for other industries.

Although attention has been mainly focused on Oracle's recent acquisitions in the open-source arena when it snapped database engine vendors Sleepycat and Innobase, the company has continued to steadily buy software companies: Retek in retail, i-Flex in financial services, and TimesTen and HotSip in the communications industry.

Oracle is also busy integrating the applications it gained through the multibillion-dollar purchases of both Siebel and ERP and CRM player PeopleSoft.

The bulk of Portal's customers, 96%, also use Oracle's database, and 57% of Portal customers use Oracle's applications. Portal's software is in use at 240 installations in 60 countries supporting more than 150 million subscribers.

Portal's management and staff will form a global communications business unit focused on billing and revenue management. Bhaskar Gorti, Portal's senior vice president of worldwide sales, services and marketing, is set to head up the unit, with Dave Labuda, Portal's founder and CEO, becoming the unit's chief technology officer.


Previous
Next
Primera LowersTower Duplicator Prices        All News        Google Launches New Service in China and Online Calendar
New Nero Digital Audio Encoder Obtains First Position     General Computing News      Google Launches New Service in China and Online Calendar

Get RSS feed Easy Print E-Mail this Message

Related News
Oracle's Ellison Steps Down
Oracle To Buy Micros Systems
Oracle Accelerates Its Databases
Oracle Wins Appeal In Legal Battle With Google
Microsoft Retains No. 1 Spot; Oracle Moves Into No. 2 In Global Software Market
Oracle Buys Responsys For $1.5 billion
IBM, Oracle, EMC To Face China Probe Over Security Concerns: report
ARM and Oracle to Optimize Java SE for Enterprise and Embedded Markets
Microsoft and Oracle Team Up On Cloud Computing
Oracle Unveils Faster Servers
New Emergency Fix Releaseed For Java zero-day Exploit Released
New Critical Patch For Java SE Released

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .