Oracle has invested in start-up eConnections, a maker of software that helps manage the supply chain for companies in the electronics industry. Terms were not disclosed. The demand for supply-chain management (SCM) software has increased as more companies join industry exchanges or develop private exchanges in an effort to cut costs and simplify order management and inventory control. Oracle, SAP and others also provide SCM software.
SCM Microsystems says weak sales for digital media readers that bundle with MP3 players forces a warning that second-quarter sales will be lower than expected.
Electronic payments firm Trintech has received $20 million in new financing. Investors from the financial community include BancAmerica Robertson Stephens, BT Alex Brown, Hambrecht & Quist, HarbourVest International, Loewenthal Capital, Bayview Investors, and Pilgrim, Baxter, & Associates. Industry investors include Security Dynamics, SCM Microsystems, and RSA Data Security CEO Jim Bidzos. Trintech also acquired from RSA a software toolkit called S/Pay, which creates security payment software.