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Oracle Snaps Up Portal Software for USD 220 mln

Oracle will acquire Portal Software, a billing and revenue management solutions provider for the communications and media industry, through a cash tender offer for USD 4.90 per share, or approximately USD 220 million. "The combination of Oracle and Portal delivers the first end-to-end packaged enterprise software suite for the communications industry," said Oracle's President Charles Phillips. "We supply technology and applications to over 90% of communications companies worldwide today, and billing is a logical and complementary addition for those customers."

On the heels of this proposed acquisition, Oracle also revealed that 17 of the top 20 most profitable communications companies run Oracle applications. "This is exactly the kind of combination our customers have been asking for," said Portal's Founder and CEO, Dave Labuda. "Bringing together Oracle's leading ERP, CRM and infrastructure software with Portal's global billing and revenue management into an integrated solution is a huge win for our customers."

Portal offers a billing and revenue management solution with a modern, object-oriented architecture built on Oracle that can bill and manage all communications services including wireline, wireless, broadband, cable, voice over IP, IPTV, music, and video. As communications, publishing, media, and entertainment services converge, Oracle can support companies with a proven offering for billing, customer interaction, and management of digital services and content.

Portal's management and employees will form a dedicated global communications business unit within Oracle concentrating on billing and revenue management. Bhaskar Gorti, Portal's current SVP of worldwide sales, service and marketing, will lead the unit as General Manager, and Dave Labuda will become the unit's CTO.


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