Oracle: Yet another Acquisition
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Over the past few months there has been a lot of talk about Oracle expanding their operations by acquiring other companies. Well, they are at it again. Oracle has announced that they plan to acquire Interlace Systems, a major player in the operational planning software industry.
Oracle Senior Vice President of Server Technologies Thomas Kurian said, “The combination of Interlace Systems and Oracle will help enable business planners to rapidly evaluate the impact of changes to business assumptions across all plans and benefit from flexibility, speed, integrity, and accuracy, typically not found in traditional spreadsheet-based and function-specific planning solutions.”
Financial details of the deal have yet to be made public. Even though there are still a few details that need to be finished off, the transaction is expected to be made final by November 2007.
As the world’s largest enterprise software company, Oracle feels that acquiring existing companies is a great way to expand their offerings into related industries. The acquisition of Interlace Systems definitely shows this.
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