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Oracle(R) Buys Silver Creek Systems

^{Published on 2010-01-04 13:10:40 - Market Wire}
 

REDWOOD SHORES, CA--(Marketwire - January 4, 2010) - Oracle (NASDAQ: [ ORCL ])

News Facts

• Oracle has acquired Silver Creek Systems, Inc. ("Silver Creek"), a leading provider of product data quality solutions.
• Silver Creek's industry-leading DataLens® product data quality solution is designed to simplify complex product descriptions commonly found in many industries, enabling enterprises to more accurately manage product data.
• Accurate product data improves time-to-market for new products, enhances supply chain execution, increases operational efficiencies, and facilitates better business decisions across the enterprise.
• The combination of Silver Creek and Oracle is expected to enhance product data quality across enterprise applications including Oracle's Product Information Management Data Hub, Agile Product Lifecycle Management, Supply Chain Management and Enterprise Resource Planning offerings.
• The addition of Silver Creek products complements Oracle's Information Management offerings that include Oracle Data Integration, Oracle Data Quality, Oracle Master Data Management, and Oracle Business Intelligence, to provide a more complete and integrated solution.
• The combination of Silver Creek and Oracle is expected to extend Oracle's leadership in data integration with advanced data quality capabilities to manage product data across multiple industries.
• Financial details of the transaction were not disclosed.

Supporting Quotes

• "Lack of standardized product data continues to be a challenge for many enterprises," said Hasan Rizvi, senior vice president, Oracle Fusion Middleware Product Development. "With the addition of Silver Creek, Oracle is extending its industry leading data integration offering with complementary solutions to enhance product data quality and help customers get more accurate and consistent product data for use across their enterprise."
• "Since our inception we have focused on working closely with our customers to solve some of the toughest problems in the data quality world," said Barbara Mowry, Silver Creek Systems President and Chief Executive Officer. "By combining with Oracle, we look forward to expanding the scope of our solutions and making them available to a broader audience."

Supporting Resources

• [ About Oracle and Silver Creek Systems ]
• [ General Presentation ]
• [ FAQ ]
• [ Customer Letter ]
• [ Partner Letter ]

This document is for informational purposes only and may not be incorporated into a contract or agreement.

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