Oracle on Monday announced it will acquire Silver Creek Systems, a Westminister, Colo.-based developer of data quality and automated data mastering software.
Financial terms of the deal were not disclosed.
Silver Creek Systems' semantic technology enables automation of complex data services for reliable product data integration across supply chains connecting enterprise systems, customers, suppliers and partners.
Its DataLens software creates standards-based data service applications that help companies merge multi-process data quality functions with business rules to deliver consistent and complete product information in real time.
"Lack of standardized product data continues to be a challenge for many enterprises," Hasan Rizvi, senior vice president of Oracle's Fusion middleware group, said in a statement.
"With the addition of Silver Creek, Oracle is extending its industry leading data integration offering with complementary solutions to enhance product data quality and help customers get more accurate and consistent product data for use across their enterprise," he added.
Oracle officials said the acquisition will help round out the software giant's business applications portfolio and will be integrated with its own data integration, data quality, master data management and business intelligence offerings.
Oracle (NASDAQ: ORCL) shares closed up $0.32, or 1 percent, to $24.85 in Monday's trading session.
It should come as no surprise that Oracle kicked off 2010 by opening up its wallet as the company continues to build its empire through acquisitions small and large.
Its Sun Microsystems purchase has apparently finally received a thumbs up on both sides of the Atlantic, a deal that's expected to add an additional $1.5 billion in operating income within a year.
Last month, the company easily topped analysts' estimates in its second quarter, posting a profit of $2 billion, or $0.39 a share, excluding special charges, on sales of $5.9 billion.
A survey of analysts conducted by Thomson Reuters pegged the software giant for a profit of $0.36 a share on sales of $5.9 billion.
The $5.9 billion in sales represents a 3 percent increase from the year-ago quarter when it earned $1.7 billion on sales of $5.7 billion.
Article courtesy of InternetNews.com.