Oracle to acquire AdminServer

NEW YORK (MarketWatch) — Oracle Corp. said Tuesday that it will buy AdminServer, a provider of insurance policy administration software, but it did not disclose terms of the deal. AdminServer’s staff will form a unit of Oracle, a Redwood Shores, Calif., software developer. The acquisition is expected to close in the first half of 2008. Shares of Oracle closed Monday at $21.51.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by Forextvblog

This entry was posted on Tuesday, May 13th, 2008 at 8:20 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.