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Oracle Buys Portal Software

Enterprise software maker Oracle has announced that it has acquired Portal Software Inc., after buying more than 88 percent of Portal's outstanding stock in a tender offer. Oracle in April offered USD 4.90 a share, or a total of USD 220 million, for Portal, which provides billing and revenue management software to communications and media companies.

In its USD 19 billion acquisition spree, Oracle has acquired one-time rival PeopleSoft and Siebel Systems, other than its recent purchase of Portal.

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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