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Oracle Corporation: Oracle Buys GoldenGate Software

^{Published on 2009-07-23 05:21:25, Last Modified on 2009-07-23 05:21:32 - Market Wire}
 

REDWOOD SHORES, CA--(Marketwire - July 23, 2009) - Oracle (NASDAQ: [ ORCL ])

News Facts

• Oracle has agreed to acquire GoldenGate Software, Inc., a leading provider of real-time data integration solutions enabling superior IT performance and enterprise decision making.
• The addition of technology from GoldenGate extends Oracle's capabilities with a heterogeneous real-time data integration solution and adds functionality to maintain uptime of business-critical applications during migrations and upgrades.
• The combination of GoldenGate and Oracle is expected to create a comprehensive heterogeneous data integration platform.
• Customers are expected to benefit from enhanced real-time data movement, replication and synchronization across heterogeneous systems enabling improved business intelligence, while providing high availability of business-critical applications.
• The transaction is subject to customary closing conditions and regulatory approvals and is expected to close later this year.
• Until the deal closes, each company will continue to operate independently.
• Financial details of the transaction were not disclosed.

Supporting Quotes

• "The need to improve operating performance in a global 24x7 environment has led to the need for data integration to support real-time and high availability capabilities," said Hasan Rizvi, senior vice president Oracle Fusion Middleware Product Development. "With the addition of GoldenGate, Oracle expects to help our customers achieve better performance through improved business intelligence and business continuity with real-time information."
• "Oracle and GoldenGate share a common vision to bring a comprehensive data integration solution to customers," said Ali Kutay, GoldenGate Software, Inc. President & CEO. "Our partnership spans more than 10 years and now our joint vision can help companies make better decisions based on more timely, accurate information across multiple systems."

Supporting Resources

• [ About Oracle and GoldenGate Software ]
• [ General Presentation ]
• [ FAQ ]
• [ Customer Letter ]
• [ Partner Letter ]

This document is for information purposes only and may not be incorporated into a contract.

About Oracle

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