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By Leena Rao

On the heels of the EU’s approval of Oracle’s (NYSE:ORCL) $7.4 billion deal to acquire Sun Microsystems (JAVA), the tech giant has opened up the purse strings to acquire application management software provider AmberPoint. Terms of the deal were not disclosed and the acquisition is expected to close in the first half of this year.

AmberPoint’s software helps organizations diagnose and resolve issues in application performance and business transactions, such as insurance claims processing or account provisioning where multiple applications need to work together. AmberPoint’s software will be folded into Oracle’s Service-Oriented Architecture (NYSE:SOA) offerings.

Oracle says that the addition of AmberPoint’s software will help diagnose and manage the performance of business applications, provide monitoring for application performance and will enrich SOA design time with run-time metrics for SOA governance.

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Source: Oracle Buys AmberPoint to Boost Application Management