Oracle Corp. (NASDAQ:ORCL) on Wednesday after market close
announced it has bought the intellectual property assets of Conformia Software Inc., a maker of product and process lifecycle management software for life science companies.
Oracle did not announce financial terms. Conformia is backed by Foundation Capital and Sequoia Capital.
The deal marks the second small acquisition for Oracle since it announced its $7.4 billion agreement to acquire Sun Microsystems Inc. (NASDAQ:JAVA). Last month, it agreed to buy Virtual Iron Inc., a server virtualization software startup, for undisclosed terms. (The Deal Pipeline subscribers can read more about the Virtual Iron deal
here.)
One of Oracle's biggest rivals, German enterprise software vendor SAP AG, is also an investor in Conformia.
- Olaf de Senerpont Domis
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