Oracle Gobbles Up Convergin
Oracle said on Wednesday that it has reached an agreement to acquire Convergin, an Israel-based developer of real-time service brokering applications that allow telecommunications providers to deliver services across multiple networks and platforms.
Financial terms of the deal were not disclosed.
Earlier this week, Oracle (NASDAQ: ORCL) acquired SOA management software developer AmberPoint.
Since 2005, the software giant has made a total of 54 purchases.
"The combination of Oracle and Convergin is expected to provide a single carrier-grade, standards-based IT platform allowing CSPs to effectively evolve their service delivery capabilities at a lower total cost of ownership," Oracle officials said in a statement.
Convergin's service broker technology allows the firm to continue serving customers while phasing in next-generation IP platforms, a feature that will surely help Redwood Shores, Calif.-based Oracle as it expands its software suite to more mobile applications.
Oracle officials said the company is reviewing Convergin's product road map and plans to issue an update to customers in the near future.
Convergin's customers include the likes of T-Mobile and SaskTel.
Its J2EE-based service broker platform enables telcos to manage services for a wide range of networks and application platforms, including pre-paid charging.
The deal is expected to close during the first half of the year.
Oracle shares were off $0.43, or 2 percent, to $23.08 in Wednesday afternoon trading.