The software giant on Monday announced the acquisition, saying Cupertino, Calif.-based Portal's billing and "revenue management" software will complement Oracle's existing packaged applications.
"We supply technology and applications to over 90 percent of communications companies worldwide today, and billing is a logical and complementary addition for those customers," Oracle President Charles Phillips said in a statement.
The purchase fits Oracle's stated goal to buy applications companies with. For example, Oracle bought retail industry specialist and financial-services market specialist .
Portal has built packaged applications for billing customers of multiple communications services, such as phone, wireless, broadband and voice over Internet Protocol (VoIP). It had losses of $40 million on revenue of $126.75 million in its last fiscal year.
Portal's current employees will form the basis of a communications business unit in the Redwood Shores, Calif.-based database giant, Oracle said. They will focus on billing and revenue management.