Oracle is acquiring 360Commerce as part of its ongoing strategy to broaden its retail software portfolio through...
Financial terms have not been disclosed. Analyst AMR Research said it expected 360Commerce to continue to operate as “a mostly sovereign entity” inside the Oracle Retail business unit.
The acquired company already shares a number of common customers with Oracle, including US-based Home Depot and Circuit City.
In the retail sector Oracle has already recently acquired Retek, ProfitLogic, G-Log and Temposoft.
AMR Research said that unlike rival SAP’s recent acquisition of Triversity, which gave SAP its first definitive store system, 360Commerce gives Oracle a second.
The analyst said the 360Commerce buy would give Oracle a more scalable point-of-sale (POS) application, to complement its existing POS and multi-channel retailing product, which it gained with the acquisition of Retek.
AMR Research said the overall retail application market was expected to grow incrementally by almost $3bn by 2009, a third of which would be POS-related software.