Oracle gobbles last firm for the decade
Silver Creek Systems down the pipe
Oracle gobbled its last company for the past decade with the acquisition of Silver Creek Systems, a company that makes software for simplifying and standardizing product descriptions across supply chains.
Over the past four years, Oracle's appetite for firms both large and small has grown immensely. At the turn of the 'naughties, the business software giant acquired a mere eight companies. Between 2005 and 2009, however, the number of acquisitions and technology purchases jumped to 56. Just for major purchases like PeopleSoft , BEA , and Siebel , the company has spent more than $22bn the in four years.
Rounding off the decade (but not its spending spree), Oracle made its final acquisition of 2009 out of Silver Creek Systems. It didn't disclose how much it paid for the Colorado-based firm when Oracle announced the purchase late Monday. The transaction closed in December 2009. Silver Creek's product data quality technology will be rolled into Oracle's business applications like Product Master, Lifecycle Management, Supply Chain, and e-Commerce, Oracle said. Silver Creek's data quality cleansing and matching capabilities will be integrated with Oracle Product Hub.
Silver Creek is already an OEM partner and Oracle reckons that the products will complement its existing information management wares. Oracle said it is currently reviewing Silver Creek's current product development roadmap and will provide guidance to Silver Creek customers once its finished. But it does mention a benefit to the acquisition will be increased research and development investment in Silver Creek products.
Oracle said the purchase will let its customers improve the accuracy and integrity of product data across various systems in a business. Oracle's data quality offerings compete with several vendors including IBM and Informatica. ®