Oracle scoops up Tacit’s intellectual property
Oracle announced yesterday that it has purchased intellectual property rights from Tacit Software for an undisclosed amount. The smaller, Palo Alto, Calif.-based company makes applications for sharing knowledge across companies.
Its KnowledgeMail product, for instance, culls information from employees’ email accounts, and other sources to determine who in an organization has exprtise in which areas. Oracle plans to integrate this automatic profiling service into its own Beehive platform, which encompasses email, calendars, messaging media and online conferences.
Tacit’s portfolio also includes its Illumio software, which routes questions to employees based on their demonstrated knowledge of a subject, and its ActiveNet application, which connects employees with expertise to solve problems.
The decade-old company raised a total of $29 million in venture capital from Draper Fisher Jurvetson, RBC Technology Ventures, Woodside Fund, Reuters Venture Capital (since dissolved), and Alta Partners.
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