Oracle Acquires Telecom Startup Convergin
Another day, another Oracle acquisition. This time the software giant has gone abroad to acquire Convergin, a privately held startup that specializes in real-time service brokerage applications for telecoms providers. Enterprise Networking Planet looks at Oracle's latest purchase.
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.
Read the full story at Enterprise Networking Planet: Oracle Gobbles Up Convergin