Oracle Corporation, the US based company that specializes in developing and marketing enterprise software products, has announced that it will soon acquire Israeli start-up Convergin, in an attempt to enter the telecom industry.
Convergin is an Israeli software company that specialises in software which allows telcos to deliver their content on multiple networks and platforms. According to a FAQ released by Oracle, the company is overseeing Convergin’s current product roadmap will inform and update customers accordingly.
In order to deliver their services across platforms, telcos have used Intelligent Networks (IN) instead of branching out to new technology. However, the technology offered by Convergin allows telecos to continue serving customers while phasing in next-generation IP (Internet protocol) platforms.
Interestingly, the start-up has an impressive client portfolio which includes companies like T-Mobile and SaskTel. Its competitors on the other hand, include Apptrigger, Aepona and OpenCloud.
Bhaskar Gorti, senior VP and general manager for Oracle's Communications group, commenting on the acquisition deal between the two companies, said in a statement that “As communications service providers transition from legacy telephony networks to next-generation networks, the combination of Oracle and Convergin will accelerate new service innovation while reducing network complexity and cost.”
Oracle has already purchased (or finalise the purchase of) four companies in the first six weeks of 2010, that's as much as for the whole of 2010. Sun Microsystems, Silver Creek, Convergin and Amber point, an acquisition that went unnoticed by many. Oracle still have in excess of $12 billion as cash.