Sunday, March 01, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
New Draft Bill Focuses On Consumer Data Privacy
Uber Says Breach Affected 50K Drivers
Google Showcases Future Silicon Valley Headquarters
Lenovo Offers Free McAfee LiveSafe Following Superfish Security Concerns
Yahoo Gains Search Share
Twitter To Offer More User Safety Features
Google to Start Ranking Mobile-friendly Sites Higher
Qualcomm Extends LTE to Unlicensed Spectrum to Enhance Mobile Experiences
Active Discussions
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
need help on some cd burning...
 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, SAP Settle Lawsuit
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

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .