Deals latest in long spending spree for database giant

Oracle has announced that it is to acquire billing and revenue management company, Portal Software, through a cash tender offer of approximately $220m.

Portal offers a billing and revenue management solution using an object-oriented architecture built on Oracle that can bill and manage all communications services including wireline, wireless, broadband, cable, voice over IP, IPTV, music, and video.
Following the acquisition, Portal's management and employees will form a dedicated global communications business unit within Oracle concentrating on billing and revenue management.

"This is exactly the kind of combination our customers have been asking for, " said Portal's founder and CEO, Dave Labuda.

"Bringing together Oracle's leading ERP, CRM and infrastructure software with Portal's global billing and revenue management into an integrated solution is a huge win for our customers.