OPPORTUNITIES THROUGH ORACLE'S ADVANCED VISUAL TECHNOLOGY ACQUISITION
On October 1, 2008, Oracle announced that it has entered into an agreement to acquire Advanced Visual Technology Ltd. (AVT), a leading provider of 3D visual macro space planning software. The transaction is subject to customary closing conditions and is expected to close in the second half of 2008. Until the deal closes, each company will continue to operate independently.
AVT enables retailers to collaborate with their stores and supplier partners to design and plan retail floor space in real time with a current photo-realistic view of each store. AVT combined with Oracle Retail provides a comprehensive space planning and optimization solution that is expected to maximize profitability of one of the retail industry's most valuable assets—their retail store space.