GoldenGate is a provider of real-time integration software. Information Software giant Oracle is buying Silicon Valley real-time data firm GoldenGate Software, for an undisclosed sum.
“With the addition of GoldenGate, Oracle expects to help our customers achieve better performance, through improved business intelligence and business continuity with real-time information,” said Oracle’s senior veep Hasan Rizvi, in a statement. “The combination of GoldenGate and Oracle is expected to create a comprehensive heterogeneous data integration platform.”
The two companies have been close business partners for more than 10 years.
Oracle said the deal, subject to the normal regulatory approvals, was expected to close later this year. In the meantime, the two software firms will operate independently.
The acquisition-happy software maker, which is also is in transition to buy Sun Microsystems for $7.4bn, hopes the merger will “create a comprehensive heterogeneous data integration platform.”
Although the announcement was absent financial details, The Wall Street Journal linked to a blog post by research company 451 Group, which predicted the acquisition and estimated that GoldenGate took in about $100 million in revenue over the last year.
From the official news:
Oracle announced it has agreed to acquire GoldenGate, a leading provider of real-time data integration solutions. GoldenGate’s best-in-class solutions enable real-time data integration and management by capturing and delivering updates of critical information as the changes occur and providing continuous synchronized data across heterogeneous environments. Companies are expected to gain improved business intelligence across the enterprise, with more accurate and timely analysis of real-time business performance.
GoldenGate’s complementary product accelerates Oracle’s product strategy to manage real-time data integration through a comprehensive data integration platform. This combination is expected to deliver the fastest and most scalable real-time data integration solution for customers.