TITLE

Oracle Snaps Up mValent

AUTHOR(S)
Schachter, Ken
PUB. DATE
February 2009
SOURCE
Red Herring;2/4/2009, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on Oracle's acquisition of mValent, a venture-backed maker of IT automation software. Charles River Ventures, Polaris Venture Partners and Flybridge Capital Partners have provided funding for mValaent. The deal, which increased Oracle shares by $0.49, or 2.87% to $17.54, is expected to be finalized in the first half of 2009. According to Oracle President Safra Catz, the company would retain its active merger and acquisition strategy.
ACCESSION #
36602839

 

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