Hungry Oracle gobbles up software maker Haley
Oracle is capitalizing on the economic downturn to make key acquisitions. The latest: Ruleburst Holdings Limited, parent company of rule-management software provider Haley, Oracle’s tenth buy this year. It won’t actually add new technology to the large company’s portfolio, but it should win it some clout with the public-sector and government organizations that make up most of Haley’s client base. Financial details of the deal remain undisclosed.
Based in Washington, D.C., Haley develops applications to help customers manage their benefits programs according to established regulations and policies. Oracle, headquartered in Redwood Shores, Calif., will combine these offerings with its ERP and Siebel CRM products to create a package for social services agencies. Together, they will be able to automate case management and elegibility determinations.
Haley was acquired by RuleBurst just last year for a reported $13 million.
Next Story: Envis eyes another funding round for low-power chips
Previous Story: YouSendIt trims 20 percent of staff
About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
With GreenBeat 2009, VentureBeat's all-star conference on all things Smart Grid, coming up in November, Camille will be expanding coverage of this exciting space. Stay up to date by following @greenbeat2009 on Twitter or by becoming a fan of the event on Facebook here.