Oracle is to add yet another software company to its growing
list of acquisitions.
The enterprise software firm has spent more than $30bn acquiring
about three dozen companies in the past five years.
Oracle, currently
awaiting regulator approval of a
$7.4bn deal for Sun Microsystems, now plans to buy
GoldenGate Software.
The proposed deal was announced by Oracle, but neither company
has disclosed the financial terms of the transaction.
The acquisition is aimed at beefing up Oracle's portfolio of
software for manipulating information in databases, according to
Reuters.
GoldenGate's products include software that analyses large
databases and helps banks detect fraudulent activities.
The San Francisco-based firm has more than 500 customers,
including Bank of America, Comcast, MGM Mirage and Visa.