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Oracle Snaps Up Bridgestream

Bridgestream, which develops software used to map business relationships within an organization, on Friday confirmed that it has become the latest in a string of acquisitions by Oracle (Quote). Ed Zou, Bridgestream’s vice president of marketing, told internetnews.com that both companies will make the announcement official sometime next week. He said the deal was actually […]

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Larry Barrett

Sep 4, 2007

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Bridgestream, which develops software used to map business relationships within an organization, on Friday confirmed that it has become the latest in a string of acquisitions by Oracle (Quote).

Ed Zou, Bridgestream’s vice president of marketing, told internetnews.com that both companies will make the announcement official sometime next week. He said the deal was actually consummated roughly two weeks ago but declined to comment on why both companies have kept the news to themselves until now.

“It’s very exciting,” Zou said. “We think it’s a perfect fit from an applications and technology perspective and with Oracle’s strength to go to market. It’s a good fit.”

Zou said the financial terms of the deal may or may not be disclosed next week when Oracle makes it official. Oracle representatives were not immediately available to comment on the acquisition.

Bridgestream, which was founded in 2000, makes software that helps companies figure out who does what within the organization. It tracks changes in personnel, responsibilities and job functions, giving users a holistic view of all the skills and expertise of its employees.

In June, Bridgestream unveiled its SmartRoles 3.0 software, a role-management application that enables customers to address governance and compliance needs across the entire IT infrastructure. It provides a single point of management for enterprise access to control policies to ensure employees are granted the right access to do their jobs at the right time.

This article was first published on InternetNews.com. To read the full article, click here.

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Larry Barrett

Larry Barrett is a freelance journalist and blogger who has covered the information technology and business sectors for more than 15 years. Most recently, he served as the online news editor for 1105 Media's Office Technology Group and as the online managing editor for SourceMedia's Investment Advisory Group publications Financial Planning, On Wall Street, and Bank Investment Consultant. He was also a senior writer and editor at Ziff Davis Media's Baseline Magazine, winner of the Jesse H. Neal National Business Journalism Award, and ZDNet. In addition, he's served as a senior writer and editor at prominent technology and business websites including CNET, InternetNews.com, Multichannel News, and the San Jose Business Journal.

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