Oracle finalises 3Cube acquisition

The database software firm Oracle has acquired 3Cube, a company that produces collaborative software relating to the hosting of...

The database software firm Oracle has acquired 3Cube, a company that produces collaborative software relating to the hosting of online meetings, for an undisclosed sum.

An Oracle spokeswoman said the purchase was considered to be a "non-material acquisition" and would be paid for from the company's research and development funds.

3Cube is a privately held company which was formed in 1999 as a result of the merger of a company called Technology Workshop and an unnamed start-up from Delaware. It has developed several Web-based communication services that allow customers to hold online meetings and collaborate on projects over the Internet.

The company's flagship product, Web Meeting Services, allows users to share access to Internet applications such as Web browsers on remote computers and make Web-based phone calls. The spokeswoman said Oracle had made the acquisition in order to gain access to technology assets that would "augment the capabilities" of its collaborative meeting software, iMeeting.

3Cube received strategic investment from Mail.com in August 2000, according to 3Cube's Web site. At the time, Mail.com gained a 19% equity interest in 3Cube.

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