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REDWOOD SHORES, Calif.,
24-OCT-2007 05:01 AM
Oracle announced today that it has agreed to
acquire Interlace Systems, a provider of strategic operational planning software. A key part of
the enterprise performance management (EPM) segment, Interlace Systems software helps
organizations, quickly and collaboratively, combine functional processes to address strategic
operational planning needs. Its software uses a change-based data modeling server, connecting
operational plans in an integrated model and allowing business planners across functions to
rapidly change operational assumptions, reevaluate scenarios, assess business impact and update
the plan of record.
The combination of Interlace Systems' technology and Oracle's leading Enterprise Performance
Management System is expected to provide a common perspective across financial and strategic
operational planning through an integrated business-planning framework. The Oracle Enterprise
Performance Management System is a component of Oracle Fusion Middleware, the industry's
fastest growing, most standards-compliant, and best-of-breed technology foundation for Service-
Oriented Architecture.
"In today's global economy, organizations need a streamlined planning process that links
strategic operational plans to the financial plan of record," said Thomas Kurian, Oracle Senior
Vice President, Server Technologies. "The combination of Interlace Systems and Oracle will help
enable business planners to rapidly evaluate the impact of changes to business assumptions across
all plans and benefit from flexibility, speed, integrity, and accuracy, typically not found in
traditional spreadsheet-based and function-specific planning solutions."
"Interlace Systems' technology enables rich cross-functional modeling and interactive business
impact analysis, addressing a range of strategic operational planning needs for leading global
companies," said Anurag Gupta, Interlace Systems co-founder and Vice President of
Development. "Joining forces with Oracle will accelerate the integration of our technology into
Oracle's industry-leading EPM System and provide customers with a comprehensive solution for
integrated business planning."
The transaction is subject to customary conditions and is expected to close in November 2007.
Financial details were not disclosed. More information is available at
http://www.oracle.com/interlacesystems.
About Oracle
Oracle (NASDAQ: ORCL) is the world's largest enterprise software company. For more
information about Oracle, visit our Web site at http://www.oracle.com.
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