On February 18, 2011, Oracle announced the acquisition of select intellectual property assets of Ndevr, adding environmental reporting and business intelligence (BI) capabilities to Oracle's ERP Solutions. Since 2008, Ndevr has been providing greenhouse gas (GHG) and environmental solutions for Oracle JD Edwards EnterpriseOne and Oracle E-Business Suite customers—and has been a certified partner for over 10 years.
Ndevr has developed, in native Oracle technology, a unified solution across ERP and BI systems that is integrated to existing business processes and systems. Now with Ndevr products as a part of Oracle, we expect to deliver an improved ability to accurately model, capture, cost, analyze and report on carbon and environmental data, delivered as an Oracle product.
This transaction is part of Oracle's ongoing commitment to provide best-in-class solutions for environmental compliance and efficiency, delivered as part of the intrinsic business processes of the organization.
The combined solution is expected to provide customers with the ability to easily track emissions and other environmental data against reduction targets for both voluntary and legislated reporting schemes, and further extends Oracle's solutions for sustainability.
Financial details of the transaction were not disclosed.