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Short Take: Oracle acquires software firm

Oracle has acquired Graphical Information Systems, a private firm that markets balanced scorecard software. The software is used to interpret financial and other data from multiple sources in a business, compare it to competitors, then assemble and present it for management decisions. Oracle will integrate the product with its applications, making it easier to import data from multiple departments. No financial details of the acquisition were released.

Oracle has acquired Graphical Information Systems, a private firm that markets balanced scorecard software. The software is used to interpret financial and other data from multiple sources in a business, compare it to competitors, then assemble and present it for management decisions. Oracle will integrate the product with its applications, making it easier to import data from multiple departments. No financial details of the acquisition were released.