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Press Release

Oracle Buys Convergin

Accelerates Deployment of Next-Generation Pre-Paid and Value-Added Services in the Communications Industry

Redwood Shores, Calif.—Feb 10, 2010

News Facts

  • Oracle has agreed to acquire Convergin, a leading provider of real-time service brokering solutions.
  • Convergin’s industry-leading J2EE-based Service Broker platform enables communications service providers (CSPs) to manage services for a wide range of networks and application platforms, including pre-paid charging. The solution allows CSPs to focus on launching innovative services while modernizing to next-generation networks.
  • CSPs are increasingly looking to transition from inflexible and costly intelligent network platforms to deliver value-added services. The combination of Oracle and Convergin is expected to provide a single carrier-grade, standards-based IT platform allowing CSPs to effectively evolve their service delivery capabilities at a lower total cost of ownership.
  • Convergin products complement Oracle Communications’ integrated product suite, including Oracle Communications Billing and Revenue Management, Oracle Communications Converged Application Server and Oracle Communications service fulfillment applications.
  • The transaction is expected to close the first half of this year. Financial details of the transaction were not disclosed.
    • “As communications service providers transition from legacy telephony networks to next-generation networks, the combination of Oracle and Convergin will accelerate new service innovation while reducing network complexity and cost,” said Bhaskar Gorti, senior vice president and general manager, Oracle Communications.

  • This document is for informational purposes only and may not be incorporated into a contract or agreement.

Contact Info
Caroline Yu Vespi
Oracle Public Relations
+1.650.506.8920
caroline.yu@oracle.com
Ken Bond
Oracle Investor Relations
+1.650.506.4073
ken.bond@oracle.com
About Oracle

Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Talk to a Press Contact

Caroline Yu Vespi

  • +1.650.506.8920

Ken Bond

  • +1.650.506.4073