"Customers of Sophoi and Oracle can benefit from a comprehensive suite of mission critical applications for the media and entertainment industry by combining Oracle's integrated applications suite and Sophoi's iPLS solution." said Lars Wahlstrom, Oracle's Group Vice President of the Communications, Media and Utilities Global Industries Business Unit. "The Sophoi solution has been built on Oracle technology and can be integrated with Oracle applications, which enables customers to more effectively monetize their content library."

"This is an important step in the evolution of our company, and a winning proposition for Sophoi's customers, partners, shareholders and employees," said Satinder Raina, Sophoi's Chairman, President and Chief Executive Officer. "We are looking forward to utilizing Oracle's global scale and resources as our partner to grow Sophoi's business even faster."

Sophoi will continue to operate as an independent company and Oracle will appoint two individuals to Sophoi's Board of Directors in connection with the investment. Financial details of the investment were not disclosed.

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