At its OpenWorld conference, Oracle (NASDAQ:ORCL) announced it had purchased MetaSolv Software, which makes software that helps communications and media networks do what they do. eChannel Line notes that this is just a continuation of one of Oracle’s existing strategies.
George Goodall, senior research analyst with Info-Tech Research Group, said that the acquisition of MetaSolv is part of Oracle’s ongoing strategy of moving into the communications vertical and cited such recent acquisitions of Siebel, TimesTen and Portal Software by Oracle to enter that arena.
“We are seeing a whole range of acquisitions so that [Oracle] can sell vertical focused applications on top of their own infrastructure, databases and applications servers,” said Goodall. “With MetaSolv, this is another step in that evolution,” he added.
And Oracle says they still aren’t done. InfoWorld Nederland reports:
Oracle Corp. remains committed to growth via acquisitions, according to its President Charles Phillips. The strategy is proving to be a cost-effective way for the company to extend its technologies as well as deepen its knowledge of specific industries, he told attendees at Oracle’s OpenWorld conference Sunday in San Francisco.
ORCL 1-yr chart: