Oracle announced that it will acquire Portal Software, Inc., a global provider of billing and revenue management solutions for the communications and media industry, through a cash tender offer for $4.90 per share, or approximately $220 million.
Oracle has had a long commitment to the communications industry. 17 of the top 20 most profitable communications companies run Oracle Applications. Additionally Oracle's Siebel Telecom applications have become the standard for telco call centers and customer care. Oracle Database 10g is the leading relational database and TimesTen is the most widely used in-memory database for the communications industry. Oracle Fusion Middleware is the fastest growing service delivery platform for next generation networks using network independent standards.
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