Oracle to buy GoldenGate Software

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Oracle to buy GoldenGate Software

Warwick Ashford

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.


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