On February 10, 2010, Oracle announced that it has agreed to acquire Convergin, a catalyst in developing J2EE-based Service Broker and network integration software product for the communications industry. The acquisition of Convergin extends Oracle's Service Delivery capabilities and enables a comprehensive portfolio of network-centric pre-paid and value-added services. Convergin's product also augments Oracle's pre-paid solutions and further extends Oracle's innovation and leadership in the communications industry. The transaction is expected to close in the first half of 2010.
At an increasing pace, Service Providers are migrating from legacy Intelligent Networks (IN) and platforms to next-generation IP-based networks and service platforms. Many Service Providers have invested in various legacy network infrastructures and require a universal service platform to enable this phased migration. This hybrid approach to service evolution allows customers to focus on service innovation rather than network integration. Convergin's advanced Service Broker solution provides real-time pre-paid session control and service delivery, enabling the smooth transition from IN to IP-based networks. The combination is expected to enable customers to evolve their service delivery capabilities at their own pace and at a lower total cost of ownership through a single carrier-grade, standards-based IT platform.
In addition to Convergin's technology solutions, Convergin's employees bring significant domain expertise in delivering innovative service broker, pre-paid and value-added service solutions, and are expected to join the Oracle Communications Global Business Unit.
We are dedicated to maintaining and improving the quality of innovation, support and service you have come to expect from Oracle by continuing to develop and offer leading communications industry applications that are complete, integrated and standards based. We look forward to providing you the best and most complete end-to-end application suite for the communications industry.
After the close of the transaction, we expect that Oracle partners, including network equipment manufacturers and systems integrators, will be able to offer broader service delivery and network-centric, pre-paid solution functionality. Partners can access resources through the Oracle PartnerNetwork Communications Industry Knowledge Zone. For more information, please contact your Oracle Communications Alliance team.