Oracle Agrees to Buy Cloud-Based Service

By RACHEL ABRAMS

Oracle announced on Tuesday that it had agreed to purchase Corente, a cloud-based services company, in a move that pushes the once web-shy technology giant further into the Internet age.

Oracle expects the deal to close in the early part of 2014, subject to regulatory approval, according to a presentation on the company’s website. Terms of the acquisition were not disclosed.

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Categories: Acquisitions, Cloud Computing, Mergers & Acquisitions

Author:NJ Tech Council

The New Jersey Tech Council helps companies grow and supports the tech, innovation and entrepreneurial ecosystems in the state and region.

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