Oracle Officially Acquires Convergin, Great IT Platform

By Dena Cassella Published February 10, 2010

Oracle announced today in a very brief statement that it has acquired service broker, Convergin. The company says that this new partnership should provide a “single carrier-grade, standards-based IT platform” that will allow consumer service providers to evolve at a lower total cost of ownership. Convergin’s J2EE-based Service Broker platform seemed to be the main appeal for the company’s acquisition. The J2EE-based platform enables communications service providers to better manage their services on various networks and platforms.

“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,” says Bhaskar Gorti, senior vice president and general manager, Oracle Communications.

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The company released statement did not disclose any financial details but did confirm the transaction is expected to close the first half of this year.

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