Oracle to buy GoldenGate Software
The company is acquiring the provider of real-time data integration software for an undisclosed amount. GoldenGate tech will help customers pull timely data from different sources.
The enterprise software giant said GoldenGate's technology will help boost Oracle customers' ability to make decisions based on timely information from multiple sources. "The combination of GoldenGate and Oracle is expected to create a comprehensive heterogeneous data integration platform," Oracle said in a statement.
GoldenGate and Oracle, which have been partners for more than a decade, will continue to operate independently until the deal closes.
"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," added Hasan Rizvi, senior vice president of Oracle's Fusion Middleware Product Development, also in a statement.
Although the announcement was absent financial details, The Wall Street Journal pointed to a blog post by research company 451 Group, which predicted the acquisition and estimated that GoldenGate took in about $100 million in revenue over the last year.
Of course, Oracle has been quite buy-happy lately, mostly notably with its Reuters reports that Oracle has spent more than $34 billion buying about three dozen companies over the past five years.)for $7.4 billion, as well as smaller companies like . (