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Open Source: Article

Oracle Buys SAP Investment

It plans to integrate the assets with its Agile PLM offering
By Maureen O'Gara
Article Rating:
June 19, 2009 12:15 PM EDT
Reads:
 1,668

Oracle has taken over the IP assets of Conformia Software, a lifecycle management ISV geared toward the life sciences where Oracle's bitter rival, SAP, invested some money from its NetWeaver Fund a couple of years ago.

NetWeaver was meant to invest in firms "committed to the SAP ecosystem."

Guess not this time.

Oracle plans to integrate the assets with its Agile PLM offering, creating an "end-to-end solution for managing drug development, packaging and commercialization."

Financial terms were not disclosed. Started in 2000, it's thought to have raised $23 million.

Published June 19, 2009 – Reads 1,668
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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