Oracle Buys Intellectual Property Assets of Tacit Software
Enhances Oracle Beehive with Expertise Location Capabilities
REDWOOD SHORES, Calif – Nov 3, 2008
Today Oracle announced that it has acquired the intellectual property assets of Tacit Software.
Tacit Software’s unique automated profiling technology is an expertise location solution that helps organizations uncover new opportunities for collaboration.
Oracle plans to integrate Tacit Software into Oracle Beehive, a secure, integrated, standards-based enterprise collaboration platform.
The combined solution is expected to enable enterprises to make effective and immediate use of the knowledge present in their people, messaging and content.
Financial details of the transaction were not disclosed.
“The addition of Tacit Software’s technology to Oracle Beehive underscores our commitment to a strong, differentiated presence in the collaboration software industry,” said Terry Olkin, Chief Architect and Vice President, Oracle Collaboration Technologies. “This capability enables coordination and collaboration to occur between the right people at the right time based on the information present in the documents, conversations and messages within the enterprise."