Oracle Takes Portal Software For $220M

Oracle announced it will acquire Portal Systems, Inc, a global provider of billing and revenue management solutions for the communications and media industry. For Oracle (PRSF.PK) provides a complete package to offer clients in the communication industry. "We supply technology and applications to over 90% of communications companies worldwide today, and billing is a logical and complementary addition for those customers," said Oracle's President Charles Phillips. The move places Oracle in position to benefit from the explosion of channels where content providers deliver their products to consumers. Using Portal's products, Oracle can bill and manage all communications services including wireline, wireless, broadband, cable, voice over IP, IPTV, music, and video. Phillips also listed advantages of the purchase to Portal's customers in a Del.icio.us") | Yahoo! My Web |