Oracle to acquire lifecycle management software co., Agile, for $495M

May 15, 2007 | Matt Marshall | Comments |

Oracle, the Redwood Shores, Calif. database and software giant, has agreed acquire software maker Agile Software for about $495 million, the latest in Oracle’s acquisition spree that now numbers more than two dozen companies

The offer, for $8.10 a share, is a 14 premium premium on Agile’s closing price of $7.08 Tuesday.

Agile, of San Jose, offers product lifecycle management software, which is used to keep track of companies’ products from start to finish. Agile has more than 10,000 customers, including Lockheed Martin Corp., McDonald’s Corp., Micron Technology Inc.

(Via WSJ)

Next Story: RockYou says it’s rocking Slide, but both face trouble
Previous Story: Truemors, the Twitter for rumors, smothered by spam